DekaBank Deutsche Girozentrale Grows Stake in Coursera, Inc. (NYSE:COUR)

DekaBank Deutsche Girozentrale raised its stake in Coursera, Inc. (NYSE:COURGet Rating) by 11.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 97,000 shares of the company’s stock after purchasing an additional 10,000 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Coursera were worth $2,203,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in COUR. Nisa Investment Advisors LLC purchased a new position in Coursera in the fourth quarter valued at about $49,000. FNY Investment Advisers LLC purchased a new stake in shares of Coursera during the first quarter worth about $115,000. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in shares of Coursera during the fourth quarter worth about $163,000. Teacher Retirement System of Texas purchased a new stake in shares of Coursera during the fourth quarter worth about $231,000. Finally, Allianz Asset Management GmbH purchased a new stake in shares of Coursera during the fourth quarter worth about $233,000. 78.93% of the stock is owned by hedge funds and other institutional investors.

Coursera Stock Up 4.1 %

Shares of COUR stock opened at $17.27 on Thursday. The business has a 50 day moving average of $15.76 and a two-hundred day moving average of $18.84. Coursera, Inc. has a 52 week low of $13.36 and a 52 week high of $43.78. The company has a market cap of $2.49 billion, a P/E ratio of -14.51 and a beta of 1.49.

Coursera (NYSE:COURGet Rating) last issued its earnings results on Wednesday, April 27th. The company reported ($0.27) EPS for the quarter, beating analysts’ consensus estimates of ($0.28) by $0.01. Coursera had a negative return on equity of 21.91% and a negative net margin of 36.84%. The company had revenue of $120.43 million during the quarter, compared to the consensus estimate of $116.64 million. During the same period in the previous year, the firm posted ($0.45) earnings per share. Analysts expect that Coursera, Inc. will post -1.08 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on COUR. The Goldman Sachs Group dropped their target price on Coursera from $28.00 to $23.00 and set a “buy” rating on the stock in a research report on Thursday, June 9th. Truist Financial dropped their target price on Coursera from $45.00 to $35.00 in a research report on Thursday, April 28th. Royal Bank of Canada dropped their target price on Coursera from $50.00 to $40.00 in a research report on Thursday, April 28th. Morgan Stanley decreased their price target on Coursera from $31.00 to $28.00 and set an “overweight” rating for the company in a research note on Tuesday. Finally, Cantor Fitzgerald assumed coverage on Coursera in a research note on Tuesday, March 29th. They issued an “overweight” rating and a $30.00 price target for the company. Seven equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $34.08.

Insider Buying and Selling at Coursera

In other Coursera news, Director Andrew Y. Ng sold 40,000 shares of Coursera stock in a transaction that occurred on Tuesday, May 17th. The stock was sold at an average price of $15.36, for a total value of $614,400.00. Following the completion of the transaction, the director now directly owns 7,480,398 shares in the company, valued at $114,898,913.28. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, insider Shravan Goli sold 35,000 shares of the business’s stock in a transaction that occurred on Monday, May 2nd. The stock was sold at an average price of $18.87, for a total transaction of $660,450.00. Following the completion of the transaction, the insider now directly owns 259,533 shares in the company, valued at $4,897,387.71. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Andrew Y. Ng sold 40,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 17th. The stock was sold at an average price of $15.36, for a total value of $614,400.00. Following the transaction, the director now owns 7,480,398 shares of the company’s stock, valued at $114,898,913.28. The disclosure for this sale can be found here. Insiders sold a total of 350,862 shares of company stock worth $5,621,615 over the last ninety days.

Coursera Profile

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Coursera, Inc operates an online educational content platform that connects learners, educators, organizations, and institutions. It offers online courses that include data science, business, computer science, information technology, health, social sciences, logic, project management, and digital marketing services; campus student plans; degree courses; and certification education.

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Institutional Ownership by Quarter for Coursera (NYSE:COUR)

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