Janney Montgomery Scott LLC acquired a new stake in Coursera, Inc. (NYSE:COUR - Free Report) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 105,121 shares of the company's stock, valued at approximately $835,000. Janney Montgomery Scott LLC owned approximately 0.07% of Coursera at the end of the most recent quarter.
Other hedge funds have also recently made changes to their positions in the company. Assenagon Asset Management S.A. bought a new stake in shares of Coursera during the 2nd quarter worth $9,525,000. Millennium Management LLC increased its holdings in Coursera by 67.0% during the 2nd quarter. Millennium Management LLC now owns 2,800,912 shares of the company's stock worth $20,055,000 after acquiring an additional 1,123,397 shares during the period. Jacobs Levy Equity Management Inc. raised its position in shares of Coursera by 158.6% in the first quarter. Jacobs Levy Equity Management Inc. now owns 1,653,704 shares of the company's stock worth $23,185,000 after buying an additional 1,014,316 shares in the last quarter. M&G Plc purchased a new stake in shares of Coursera in the 2nd quarter valued at about $5,048,000. Finally, Acadian Asset Management LLC lifted its position in Coursera by 101.9% during the second quarter. Acadian Asset Management LLC now owns 940,592 shares of the company's stock valued at $6,731,000 after purchasing an additional 474,723 shares during the last quarter. 89.55% of the stock is currently owned by institutional investors and hedge funds.
Coursera Stock Down 0.9 %
NYSE:COUR traded down $0.06 on Monday, hitting $6.87. The stock had a trading volume of 1,683,256 shares, compared to its average volume of 2,236,114. Coursera, Inc. has a 52-week low of $6.29 and a 52-week high of $21.26. The stock has a market cap of $1.09 billion, a price-to-earnings ratio of -13.59 and a beta of 1.44. The business's 50-day simple moving average is $7.54 and its two-hundred day simple moving average is $7.73.
Insider Buying and Selling
In related news, Director Andrew Y. Ng sold 6,221 shares of Coursera stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $8.03, for a total transaction of $49,954.63. Following the transaction, the director now directly owns 7,297,671 shares in the company, valued at approximately $58,600,298.13. The trade was a 0.09 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 16.30% of the stock is currently owned by insiders.
Wall Street Analysts Forecast Growth
COUR has been the subject of a number of research reports. BMO Capital Markets cut their price objective on Coursera from $10.00 to $9.00 and set an "outperform" rating for the company in a report on Friday, October 25th. KeyCorp lowered their price target on Coursera from $12.00 to $11.00 and set an "overweight" rating for the company in a research report on Friday, October 25th. Telsey Advisory Group reaffirmed an "outperform" rating and set a $18.00 target price on shares of Coursera in a research note on Monday, October 21st. Bank of America began coverage on Coursera in a research note on Thursday, September 19th. They issued a "buy" rating and a $11.00 price target on the stock. Finally, Cantor Fitzgerald lowered their target price on shares of Coursera from $22.00 to $10.00 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 given a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, Coursera has an average rating of "Moderate Buy" and an average target price of $10.93.
Get Our Latest Report on Coursera
Coursera Company Profile
(
Free Report)
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.
Featured Articles

Before you consider Coursera, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Coursera wasn't on the list.
While Coursera currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Just getting into the stock market? These 10 simple stocks can help beginning investors build long-term wealth without knowing options, technicals, or other advanced strategies.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.