Assenagon Asset Management S.A. Sells 412,392 Shares of Coursera, Inc. $COUR

Assenagon Asset Management S.A. lowered its stake in shares of Coursera, Inc. (NYSE:COUR) by 48.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 443,237 shares of the company’s stock after selling 412,392 shares during the period. Assenagon Asset Management S.A. owned approximately 0.27% of Coursera worth $3,883,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in COUR. Wealth Enhancement Advisory Services LLC increased its position in Coursera by 157.0% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 35,082 shares of the company’s stock valued at $301,000 after buying an additional 21,433 shares in the last quarter. Baader Bank Aktiengesellschaft bought a new stake in shares of Coursera during the second quarter valued at approximately $934,000. Pallas Capital Advisors LLC raised its position in shares of Coursera by 57.0% during the second quarter. Pallas Capital Advisors LLC now owns 16,833 shares of the company’s stock worth $147,000 after purchasing an additional 6,112 shares during the period. Harbor Capital Advisors Inc. raised its position in shares of Coursera by 29.3% during the second quarter. Harbor Capital Advisors Inc. now owns 33,227 shares of the company’s stock worth $291,000 after purchasing an additional 7,538 shares during the period. Finally, Inspire Investing LLC lifted its holdings in shares of Coursera by 8.9% in the 1st quarter. Inspire Investing LLC now owns 51,382 shares of the company’s stock worth $342,000 after purchasing an additional 4,206 shares in the last quarter. 89.55% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Coursera

In related news, CAO Michele M. Meyers sold 12,500 shares of the firm’s stock in a transaction dated Friday, July 25th. The shares were sold at an average price of $11.60, for a total transaction of $145,000.00. Following the completion of the sale, the chief accounting officer owned 253,351 shares in the company, valued at approximately $2,938,871.60. This trade represents a 4.70% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Alan B. Cardenas sold 24,631 shares of the business’s stock in a transaction dated Wednesday, September 3rd. The shares were sold at an average price of $11.14, for a total transaction of $274,389.34. Following the completion of the transaction, the senior vice president owned 258,526 shares in the company, valued at approximately $2,879,979.64. The trade was a 8.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 193,131 shares of company stock worth $2,265,189. 16.80% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms have weighed in on COUR. Scotiabank upped their price objective on shares of Coursera from $9.00 to $11.00 and gave the stock a “sector perform” rating in a report on Friday, July 25th. Bank of America raised shares of Coursera from an “underperform” rating to a “neutral” rating and boosted their target price for the stock from $7.00 to $12.00 in a research report on Friday, July 25th. Morgan Stanley raised their price target on shares of Coursera from $11.00 to $12.00 and gave the company an “equal weight” rating in a research report on Friday, July 25th. Royal Bank Of Canada lifted their price target on Coursera from $10.00 to $13.00 and gave the company an “outperform” rating in a research note on Friday, July 25th. Finally, Loop Capital increased their price objective on Coursera from $12.00 to $15.00 and gave the stock a “buy” rating in a research note on Friday, July 25th. Seven analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $11.40.

Coursera Trading Up 0.4%

Shares of COUR opened at $11.82 on Thursday. The company has a market capitalization of $1.91 billion, a price-to-earnings ratio of -35.80 and a beta of 1.40. The stock has a 50 day moving average of $11.32 and a 200 day moving average of $9.14. Coursera, Inc. has a 12 month low of $5.76 and a 12 month high of $13.56.

Coursera (NYSE:COUR) last posted its quarterly earnings data on Thursday, July 24th. The company reported $0.12 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.03. Coursera had a negative return on equity of 5.16% and a negative net margin of 7.05%.The business had revenue of $187.10 million for the quarter, compared to analysts’ expectations of $180.52 million. During the same quarter in the previous year, the firm earned $0.09 earnings per share. The business’s revenue was up 9.9% on a year-over-year basis. Coursera has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, equities research analysts predict that Coursera, Inc. will post -0.28 earnings per share for the current year.

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.