Zurcher Kantonalbank Zurich Cantonalbank Has $417,000 Stock Position in Coursera, Inc. (NYSE:COUR)

Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Coursera, Inc. (NYSE:COUR) by 17.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 21,528 shares of the company’s stock after purchasing an additional 3,123 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Coursera were worth $417,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the company. Mutual of America Capital Management LLC acquired a new stake in Coursera during the fourth quarter valued at $2,390,000. Aspiriant LLC raised its holdings in Coursera by 90.8% during the fourth quarter. Aspiriant LLC now owns 22,473 shares of the company’s stock valued at $435,000 after buying an additional 10,693 shares in the last quarter. Quent Capital LLC bought a new position in Coursera during the fourth quarter valued at about $387,000. Artemis Investment Management LLP raised its holdings in Coursera by 13.7% during the fourth quarter. Artemis Investment Management LLP now owns 31,209 shares of the company’s stock valued at $605,000 after buying an additional 3,766 shares in the last quarter. Finally, Moody National Bank Trust Division bought a new position in Coursera during the fourth quarter valued at about $477,000. Institutional investors and hedge funds own 89.55% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have weighed in on COUR shares. Royal Bank of Canada cut their target price on Coursera from $25.00 to $18.00 and set an “outperform” rating on the stock in a report on Tuesday. Morgan Stanley cut their target price on Coursera from $21.00 to $15.00 and set an “overweight” rating on the stock in a report on Tuesday. The Goldman Sachs Group cut their target price on Coursera from $15.00 to $10.50 and set a “sell” rating on the stock in a report on Wednesday. Truist Financial cut their target price on Coursera from $20.00 to $12.00 and set a “hold” rating on the stock in a report on Tuesday. Finally, Telsey Advisory Group reiterated an “outperform” rating and issued a $25.00 price objective on shares of Coursera in a research note on Thursday, April 25th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $16.85.

Coursera Stock Up 0.8 %

Shares of COUR opened at $9.61 on Friday. Coursera, Inc. has a 12-month low of $9.46 and a 12-month high of $21.26. The firm has a market capitalization of $1.51 billion, a price-to-earnings ratio of -14.19 and a beta of 1.57. The stock’s 50-day moving average price is $13.67 and its 200 day moving average price is $17.09.

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

Insider Activity at Coursera

In other Coursera news, CFO Kenneth R. Hahn sold 25,000 shares of Coursera stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $17.01, for a total transaction of $425,250.00. Following the sale, the chief financial officer now directly owns 532,715 shares of the company’s stock, valued at $9,061,482.15. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Coursera news, CFO Kenneth R. Hahn sold 25,000 shares of Coursera stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $17.01, for a total transaction of $425,250.00. Following the sale, the chief financial officer now directly owns 532,715 shares of the company’s stock, valued at $9,061,482.15. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Amanda Clark sold 1,562 shares of Coursera stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $16.85, for a total value of $26,319.70. Following the sale, the director now directly owns 67,252 shares in the company, valued at $1,133,196.20. The disclosure for this sale can be found here. Insiders have sold 578,932 shares of company stock worth $8,548,314 over the last three months. Company insiders own 16.30% of the company’s stock.

About Coursera

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.