JFG Wealth Management LLC Invests $271,000 in Coursera, Inc. (NYSE:COUR)

JFG Wealth Management LLC purchased a new stake in shares of Coursera, Inc. (NYSE:COUR) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 14,000 shares of the company’s stock, valued at approximately $271,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in COUR. DekaBank Deutsche Girozentrale purchased a new stake in Coursera during the 3rd quarter worth approximately $38,000. Daiwa Securities Group Inc. boosted its stake in shares of Coursera by 13.2% during the 4th quarter. Daiwa Securities Group Inc. now owns 4,990 shares of the company’s stock valued at $97,000 after buying an additional 580 shares during the last quarter. Harvest Fund Management Co. Ltd acquired a new stake in shares of Coursera during the fourth quarter worth approximately $204,000. Martin Currie Ltd. bought a new stake in shares of Coursera in the third quarter worth $212,000. Finally, Victory Capital Management Inc. raised its holdings in Coursera by 9.4% in the third quarter. Victory Capital Management Inc. now owns 12,008 shares of the company’s stock valued at $224,000 after acquiring an additional 1,029 shares in the last quarter. Hedge funds and other institutional investors own 89.55% of the company’s stock.

Insider Activity

In other news, SVP Alan B. Cardenas sold 5,864 shares of Coursera stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $16.54, for a total transaction of $96,990.56. Following the transaction, the senior vice president now directly owns 167,798 shares in the company, valued at approximately $2,775,378.92. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, SVP Alan B. Cardenas sold 5,864 shares of the firm’s stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $16.54, for a total transaction of $96,990.56. Following the completion of the transaction, the senior vice president now owns 167,798 shares in the company, valued at approximately $2,775,378.92. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Amanda Clark sold 1,562 shares of the business’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $16.85, for a total transaction of $26,319.70. Following the completion of the sale, the director now owns 67,252 shares in the company, valued at $1,133,196.20. The disclosure for this sale can be found here. Insiders sold 603,932 shares of company stock worth $9,051,814 over the last three months. Corporate insiders own 16.30% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on COUR shares. BMO Capital Markets decreased their price objective on shares of Coursera from $20.00 to $13.00 and set an “outperform” rating for the company in a report on Wednesday. William Blair reissued an “outperform” rating on shares of Coursera in a report on Friday, February 2nd. Telsey Advisory Group reaffirmed an “outperform” rating and set a $25.00 target price on shares of Coursera in a report on Thursday, April 25th. Needham & Company LLC reduced their price objective on Coursera from $23.00 to $15.00 and set a “buy” rating for the company in a research report on Tuesday. Finally, Morgan Stanley reduced their price target on shares of Coursera from $21.00 to $15.00 and set an “overweight” rating for the company in a report on Tuesday. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $16.85.

Coursera Price Performance

Shares of COUR traded down $0.15 during trading hours on Thursday, reaching $9.62. 786,936 shares of the company’s stock traded hands, compared to its average volume of 1,801,566. Coursera, Inc. has a twelve month low of $9.51 and a twelve month high of $21.26. The business’s fifty day simple moving average is $13.93 and its two-hundred day simple moving average is $17.20.

Coursera (NYSE:COUR) last announced its earnings results on Monday, April 29th. The company reported $0.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.01 by $0.06. Coursera had a negative net margin of 16.05% and a negative return on equity of 15.97%. The firm had revenue of $169.10 million during the quarter, compared to analyst estimates of $170.43 million. During the same quarter in the prior year, the firm posted ($0.24) EPS. Coursera’s revenue was up 14.6% compared to the same quarter last year. Equities analysts anticipate that Coursera, Inc. will post -0.47 EPS for the current year.

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.