Coursera, Inc. (NYSE:COUR) Position Increased by Victory Capital Management Inc.

Victory Capital Management Inc. lifted its position in Coursera, Inc. (NYSE:COUR) by 150.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 38,756 shares of the company’s stock after acquiring an additional 23,294 shares during the period. Victory Capital Management Inc.’s holdings in Coursera were worth $277,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. raised its position in Coursera by 2.3% during the first quarter. Vanguard Group Inc. now owns 11,405,792 shares of the company’s stock valued at $159,909,000 after buying an additional 254,108 shares during the period. Eventide Asset Management LLC increased its holdings in shares of Coursera by 6.6% in the 4th quarter. Eventide Asset Management LLC now owns 3,937,804 shares of the company’s stock valued at $76,275,000 after purchasing an additional 243,894 shares during the period. Norges Bank purchased a new stake in shares of Coursera in the fourth quarter worth approximately $52,804,000. Goldman Sachs Group Inc. boosted its holdings in shares of Coursera by 38.7% during the fourth quarter. Goldman Sachs Group Inc. now owns 2,475,585 shares of the company’s stock worth $47,952,000 after purchasing an additional 690,931 shares during the period. Finally, Dimensional Fund Advisors LP grew its position in Coursera by 17.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,216,066 shares of the company’s stock valued at $42,927,000 after purchasing an additional 328,030 shares in the last quarter. 89.55% of the stock is owned by hedge funds and other institutional investors.

Coursera Stock Down 3.4 %

NYSE:COUR opened at $7.84 on Tuesday. The company’s 50 day moving average is $8.04 and its 200-day moving average is $9.37. Coursera, Inc. has a 12 month low of $6.35 and a 12 month high of $21.26. The firm has a market cap of $1.22 billion, a price-to-earnings ratio of -11.55 and a beta of 1.42.

Coursera (NYSE:COUR) last announced its earnings results on Thursday, July 25th. The company reported $0.09 EPS for the quarter, topping the consensus estimate of $0.01 by $0.08. Coursera had a negative net margin of 14.35% and a negative return on equity of 13.92%. The firm had revenue of $170.30 million for the quarter, compared to the consensus estimate of $164.67 million. During the same quarter last year, the firm posted ($0.20) EPS. The business’s quarterly revenue was up 10.8% on a year-over-year basis. Research analysts predict that Coursera, Inc. will post -0.44 EPS for the current fiscal year.

Insider Buying and Selling

In other Coursera news, SVP Alan B. Cardenas sold 6,285 shares of the firm’s stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $8.27, for a total value of $51,976.95. Following the sale, the senior vice president now owns 207,434 shares of the company’s stock, valued at approximately $1,715,479.18. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other Coursera news, SVP Alan B. Cardenas sold 6,285 shares of the stock in a transaction on Monday, August 19th. The shares were sold at an average price of $8.27, for a total value of $51,976.95. Following the completion of the sale, the senior vice president now directly owns 207,434 shares of the company’s stock, valued at approximately $1,715,479.18. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Andrew Y. Ng sold 6,221 shares of the firm’s stock in a transaction on Wednesday, September 18th. The stock was 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 owns 7,297,671 shares in the company, valued at $58,600,298.13. The disclosure for this sale can be found here. In the last 90 days, insiders sold 39,068 shares of company stock valued at $324,787. Insiders own 16.30% of the company’s stock.

Analysts Set New Price Targets

COUR has been the subject of a number of research analyst reports. Telsey Advisory Group reiterated an “outperform” rating and issued a $18.00 target price on shares of Coursera in a research report on Monday, July 22nd. Cantor Fitzgerald raised Coursera to a “strong-buy” rating in a research report on Tuesday, August 13th. Bank of America initiated coverage on Coursera in a research note on Thursday, September 19th. They issued a “buy” rating and a $11.00 target price on the stock. Royal Bank of Canada reaffirmed an “outperform” rating and set a $18.00 price target on shares of Coursera in a research note on Friday, July 26th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $15.00 price target on shares of Coursera in a research note on Friday, July 26th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Coursera has an average rating of “Moderate Buy” and a consensus target price of $14.73.

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.