Pacer Advisors Inc. Sells 127,548 Shares of Coursera, Inc. $COUR

Pacer Advisors Inc. trimmed its stake in shares of Coursera, Inc. (NYSE:COUR) by 28.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 318,433 shares of the company’s stock after selling 127,548 shares during the period. Pacer Advisors Inc. owned approximately 0.20% of Coursera worth $3,729,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Norges Bank bought a new position in Coursera in the 2nd quarter worth approximately $15,435,000. Lazard Asset Management LLC increased its stake in shares of Coursera by 260.7% in the 2nd quarter. Lazard Asset Management LLC now owns 1,259,227 shares of the company’s stock valued at $11,030,000 after buying an additional 910,123 shares during the period. Acadian Asset Management LLC raised its position in shares of Coursera by 125.4% during the second quarter. Acadian Asset Management LLC now owns 1,466,353 shares of the company’s stock worth $12,833,000 after acquiring an additional 815,745 shares during the last quarter. Arrowstreet Capital Limited Partnership acquired a new position in shares of Coursera during the second quarter valued at $5,863,000. Finally, Squarepoint Ops LLC acquired a new position in shares of Coursera during the second quarter valued at $4,617,000. Institutional investors and hedge funds own 89.55% of the company’s stock.

Coursera Price Performance

Shares of COUR stock opened at $7.43 on Tuesday. The stock has a market cap of $1.24 billion, a PE ratio of -25.60 and a beta of 1.37. The stock has a 50-day moving average of $8.28 and a 200-day moving average of $9.68. Coursera, Inc. has a one year low of $5.76 and a one year high of $13.56.

Coursera (NYSE:COUR) last issued its quarterly earnings data on Thursday, October 23rd. The company reported $0.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.09 by $0.01. The firm had revenue of $194.20 million during the quarter, compared to analysts’ expectations of $190.33 million. Coursera had a negative net margin of 6.19% and a negative return on equity of 4.75%. The business’s revenue for the quarter was up 10.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.10 earnings per share. As a group, research analysts anticipate that Coursera, Inc. will post -0.28 earnings per share for the current year.

Insiders Place Their Bets

In related news, CAO Michele M. Meyers sold 3,500 shares of the firm’s stock in a transaction on Thursday, October 16th. The stock was sold at an average price of $10.27, for a total transaction of $35,945.00. Following the sale, the chief accounting officer owned 234,295 shares of the company’s stock, valued at approximately $2,406,209.65. This trade represents a 1.47% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Alan B. Cardenas sold 8,078 shares of the business’s stock in a transaction dated Monday, December 15th. The shares were sold at an average price of $8.17, for a total value of $65,997.26. Following the completion of the transaction, the senior vice president directly owned 237,828 shares of the company’s stock, valued at approximately $1,943,054.76. The trade was a 3.28% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 16.80% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on COUR shares. JPMorgan Chase & Co. upgraded Coursera from a “neutral” rating to an “overweight” rating and set a $12.00 price objective for the company in a research report on Wednesday, December 17th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $14.00 target price on shares of Coursera in a research note on Wednesday, December 17th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Coursera in a research report on Wednesday, October 8th. Cantor Fitzgerald restated an “overweight” rating on shares of Coursera in a report on Wednesday, November 26th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $14.00 price objective on shares of Coursera in a research note on Wednesday, November 26th. Seven equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Coursera presently has a consensus rating of “Hold” and a consensus target price of $12.45.

Coursera Profile

Coursera, Inc (NYSE:COUR) operates a leading online learning platform that delivers courses, specializations, professional certificates and fully accredited degree programs in collaboration with top universities and industry partners. Founded in 2012 by Stanford University professors Andrew Ng and Daphne Koller, Coursera’s mission is to provide universal access to world-class education and bridge skill gaps in a rapidly evolving job market.

The platform features more than 6,000 offerings created by over 275 academic institutions and corporate entities, spanning fields such as data science, business, technology, health care and the arts.