Penn Capital Management Company LLC Takes Position in Coursera, Inc. (NYSE:COUR)

Penn Capital Management Company LLC bought a new position in shares of Coursera, Inc. (NYSE:COUR - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 74,709 shares of the company's stock, valued at approximately $635,000.

A number of other institutional investors have also recently added to or reduced their stakes in the business. SBI Securities Co. Ltd. acquired a new position in shares of Coursera in the 4th quarter worth approximately $35,000. KBC Group NV lifted its holdings in Coursera by 90.7% in the fourth quarter. KBC Group NV now owns 9,203 shares of the company's stock valued at $78,000 after buying an additional 4,376 shares during the period. Bank of Nova Scotia acquired a new position in Coursera in the fourth quarter valued at $96,000. New York State Teachers Retirement System bought a new stake in Coursera during the fourth quarter valued at $107,000. Finally, Cibc World Markets Corp acquired a new stake in Coursera during the 4th quarter worth about $109,000. 89.55% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms recently issued reports on COUR. Needham & Company LLC reiterated a "buy" rating and set a $11.00 target price on shares of Coursera in a research report on Monday, January 27th. UBS Group increased their price objective on shares of Coursera from $7.50 to $8.50 and gave the stock a "neutral" rating in a research report on Friday, January 31st. Bank of America reaffirmed an "underperform" rating and issued a $7.00 target price on shares of Coursera in a research report on Thursday, March 27th. Morgan Stanley cut their price target on Coursera from $10.00 to $9.00 and set an "overweight" rating on the stock in a report on Wednesday, April 16th. Finally, Royal Bank of Canada restated an "outperform" rating and set a $10.00 price objective on shares of Coursera in a report on Friday, January 31st. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat.com, Coursera has a consensus rating of "Hold" and an average target price of $9.44.

Insider Buying and Selling at Coursera

In other Coursera news, SVP Alan B. Cardenas sold 5,613 shares of the firm's stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $8.26, for a total value of $46,363.38. Following the completion of the transaction, the senior vice president now directly owns 180,413 shares of the company's stock, valued at $1,490,211.38. This trade represents a 3.02 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 16.80% of the company's stock.

Coursera Price Performance

NYSE:COUR opened at $7.68 on Friday. Coursera, Inc. has a 1 year low of $5.76 and a 1 year high of $12.20. The business has a fifty day simple moving average of $7.21 and a two-hundred day simple moving average of $7.73. The company has a market capitalization of $1.24 billion, a P/E ratio of -14.77 and a beta of 1.42.

Coursera (NYSE:COUR - Get Free Report) last issued its earnings results on Thursday, April 24th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.08 by ($0.12). Coursera had a negative net margin of 11.45% and a negative return on equity of 9.42%. As a group, analysts anticipate that Coursera, Inc. will post -0.28 earnings per share for the current year.

Coursera 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.

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