Versor Investments LP Acquires New Position in Coursera, Inc. (NYSE:COUR)

Versor Investments LP acquired a new stake in shares of Coursera, Inc. (NYSE:COUR) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 13,300 shares of the company’s stock, valued at approximately $106,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. CWM LLC grew its position in Coursera by 7,568.6% in the second quarter. CWM LLC now owns 3,911 shares of the company’s stock worth $28,000 after acquiring an additional 3,860 shares in the last quarter. Natixis bought a new stake in Coursera in the first quarter worth approximately $35,000. Covestor Ltd grew its position in Coursera by 72.9% in the first quarter. Covestor Ltd now owns 4,378 shares of the company’s stock worth $61,000 after acquiring an additional 1,846 shares in the last quarter. nVerses Capital LLC grew its position in Coursera by 26.1% in the second quarter. nVerses Capital LLC now owns 8,700 shares of the company’s stock worth $62,000 after acquiring an additional 1,800 shares in the last quarter. Finally, LGT Group Foundation bought a new stake in shares of Coursera during the 2nd quarter worth $73,000. 89.55% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Andrew Y. Ng sold 6,221 shares of the stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $8.03, for a total value of $49,954.63. Following the completion of the transaction, the director now owns 7,297,671 shares in the company, valued at approximately $58,600,298.13. This represents a 0.09 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 16.30% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. Bank of America assumed coverage on shares of Coursera in a report on Thursday, September 19th. They set a “buy” rating and a $11.00 price objective for the company. Telsey Advisory Group reaffirmed an “outperform” rating and set a $18.00 price objective on shares of Coursera in a report on Monday, October 21st. Morgan Stanley decreased their price objective on shares of Coursera from $15.00 to $10.00 and set an “overweight” rating for the company in a report on Friday, October 25th. BMO Capital Markets decreased their price objective on shares of Coursera from $10.00 to $9.00 and set an “outperform” rating for the company in a report on Friday, October 25th. Finally, KeyCorp decreased their price objective on shares of Coursera from $12.00 to $11.00 and set an “overweight” rating for the company in a report on Friday, October 25th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, Coursera has a consensus rating of “Moderate Buy” and a consensus target price of $10.93.

Coursera Price Performance

NYSE:COUR opened at $6.93 on Monday. Coursera, Inc. has a one year low of $6.29 and a one year high of $21.26. The stock has a market cap of $1.10 billion, a P/E ratio of -13.59 and a beta of 1.44. The company has a fifty day moving average price of $7.54 and a 200 day moving average price of $7.73.

Coursera Company Profile

Coursera, Inc operates an online educational content platform in the United States, Europe, Africa, the Asia Pacific, the Middle East, and internationally. It operates in three segments: Consumer, Enterprise, and Degrees. The company offers guided projects, courses, and specializations, as well as online degrees; and certificates for entry-level professional, non-entry level professional, university, and MasterTrack.