HarbourVest Partners LLC Boosts Stake in Coursera, Inc. (NYSE:COUR)

HarbourVest Partners LLC grew its stake in shares of Coursera, Inc. (NYSE:COUR) by 62.3% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 172,173 shares of the company’s stock after buying an additional 66,061 shares during the quarter. Coursera accounts for 0.7% of HarbourVest Partners LLC’s investment portfolio, making the stock its 21st biggest position. HarbourVest Partners LLC’s holdings in Coursera were worth $1,983,000 as of its most recent filing with the SEC.

Other large investors also recently added to or reduced their stakes in the company. Point72 Hong Kong Ltd purchased a new position in Coursera in the 2nd quarter worth $31,000. FMR LLC raised its position in Coursera by 187.5% in the 2nd quarter. FMR LLC now owns 2,366 shares of the company’s stock worth $34,000 after purchasing an additional 1,543 shares during the period. Nisa Investment Advisors LLC raised its position in Coursera by 277.8% in the 1st quarter. Nisa Investment Advisors LLC now owns 3,740 shares of the company’s stock worth $43,000 after purchasing an additional 2,750 shares during the period. Point72 Middle East FZE purchased a new position in Coursera in the 4th quarter worth $46,000. Finally, Tower Research Capital LLC TRC increased its position in shares of Coursera by 43.9% in the third quarter. Tower Research Capital LLC TRC now owns 11,319 shares of the company’s stock valued at $122,000 after acquiring an additional 3,453 shares during the period. Hedge funds and other institutional investors own 64.36% of the company’s stock.

Coursera Price Performance

NYSE:COUR traded down $0.28 during mid-day trading on Friday, hitting $18.11. 920,739 shares of the company’s stock were exchanged, compared to its average volume of 1,262,053. Coursera, Inc. has a one year low of $9.81 and a one year high of $18.66. The business has a fifty day moving average price of $15.22 and a 200 day moving average price of $13.01. The company has a market cap of $2.71 billion, a PE ratio of -17.58 and a beta of 1.76.

Coursera (NYSE:COUR) last issued its earnings results on Thursday, July 27th. The company reported ($0.20) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.26) by $0.06. The firm had revenue of $153.70 million for the quarter, compared to the consensus estimate of $145.71 million. Coursera had a negative net margin of 26.19% and a negative return on equity of 21.21%. On average, equities analysts forecast that Coursera, Inc. will post -0.76 EPS for the current fiscal year.

Insider Transactions at Coursera

In other news, CEO Jeffrey Nacey Maggioncalda sold 50,000 shares of the company’s stock in a transaction that occurred on Thursday, July 6th. The shares were sold at an average price of $12.31, for a total value of $615,500.00. Following the transaction, the chief executive officer now owns 2,741,778 shares in the company, valued at $33,751,287.18. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, CEO Jeffrey Nacey Maggioncalda sold 50,000 shares of the company’s stock in a transaction that occurred on Thursday, July 6th. The shares were sold at an average price of $12.31, for a total value of $615,500.00. Following the transaction, the chief executive officer now owns 2,741,778 shares in the company, valued at $33,751,287.18. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Alan B. Cardenas sold 4,255 shares of the business’s stock in a transaction that occurred on Friday, July 28th. The shares were sold at an average price of $15.20, for a total transaction of $64,676.00. Following the transaction, the senior vice president now directly owns 210,449 shares of the company’s stock, valued at $3,198,824.80. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 793,966 shares of company stock worth $11,658,661. Corporate insiders own 16.30% of the company’s stock.

Analyst Upgrades and Downgrades

COUR has been the topic of a number of analyst reports. Telsey Advisory Group restated an “outperform” rating and issued a $20.00 price objective on shares of Coursera in a research report on Friday, July 28th. Truist Financial boosted their price objective on shares of Coursera from $12.00 to $15.00 and gave the company a “hold” rating in a research report on Friday, July 28th. KeyCorp boosted their price objective on shares of Coursera from $17.00 to $18.00 and gave the company an “overweight” rating in a research report on Friday, July 28th. Needham & Company LLC restated a “buy” rating and issued a $19.00 price objective on shares of Coursera in a research report on Friday, July 28th. Finally, Cantor Fitzgerald raised shares of Coursera from a “neutral” rating to an “overweight” rating and lifted their target price for the company from $13.00 to $17.00 in a research note on Friday, July 28th. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $18.78.

Coursera Company Profile

Coursera, Inc operates an online educational content platform that connects learners, educators, organizations, and institutions. It offers online courses that include data science, business, computer science, physical science and engineering, language learning, information technology, health, social sciences, math and logic, project management, and arts and humanities; campus student plans; degree courses; and certification education.