Janney Montgomery Scott LLC Makes New $835,000 Investment in Coursera, Inc. (NYSE:COUR)

Janney Montgomery Scott LLC bought a new position in shares of Coursera, Inc. (NYSE:COUR) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 105,121 shares of the company’s stock, valued at approximately $835,000.

Several other institutional investors also recently modified their holdings of the business. Vanguard Group Inc. grew its stake in shares of Coursera by 2.3% in the first quarter. Vanguard Group Inc. now owns 11,405,792 shares of the company’s stock worth $159,909,000 after purchasing an additional 254,108 shares during the last quarter. Millennium Management LLC grew its stake in shares of Coursera by 67.0% in the second quarter. Millennium Management LLC now owns 2,800,912 shares of the company’s stock worth $20,055,000 after purchasing an additional 1,123,397 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Coursera by 0.6% in the second quarter. Dimensional Fund Advisors LP now owns 2,655,040 shares of the company’s stock worth $19,007,000 after purchasing an additional 15,694 shares during the last quarter. Jacobs Levy Equity Management Inc. lifted its holdings in Coursera by 158.6% in the first quarter. Jacobs Levy Equity Management Inc. now owns 1,653,704 shares of the company’s stock valued at $23,185,000 after buying an additional 1,014,316 shares during the period. Finally, Assenagon Asset Management S.A. lifted its holdings in Coursera by 6.3% in the third quarter. Assenagon Asset Management S.A. now owns 1,413,641 shares of the company’s stock valued at $11,224,000 after buying an additional 83,369 shares during the period. Institutional investors own 89.55% of the company’s stock.

Coursera Trading Down 2.1 %

Shares of NYSE COUR opened at $6.93 on Monday. The firm’s 50-day moving average price is $7.54 and its 200-day moving average price is $7.73. Coursera, Inc. has a 1-year low of $6.29 and a 1-year high of $21.26. The firm has a market capitalization of $1.10 billion, a P/E ratio of -13.59 and a beta of 1.44.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. The Goldman Sachs Group dropped their target price on shares of Coursera from $9.00 to $7.25 and set a “sell” rating on the stock in a report on Friday, October 25th. BMO Capital Markets dropped their target price on shares of Coursera from $10.00 to $9.00 and set an “outperform” rating on the stock in a report on Friday, October 25th. Telsey Advisory Group restated an “outperform” rating and issued a $18.00 target price on shares of Coursera in a report on Monday, October 21st. Morgan Stanley dropped their target price on shares of Coursera from $15.00 to $10.00 and set an “overweight” rating on the stock in a report on Friday, October 25th. Finally, KeyCorp dropped their target price on shares of Coursera from $12.00 to $11.00 and set an “overweight” rating on the stock in a report on Friday, October 25th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $10.93.

Insider Activity

In other news, Director Andrew Y. Ng sold 6,221 shares of the business’s stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $8.03, for a total transaction of $49,954.63. Following the completion of the sale, the director now directly owns 7,297,671 shares of the company’s stock, valued at $58,600,298.13. The trade was a 0.09 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 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.