Assenagon Asset Management S.A. Buys 83,369 Shares of Coursera, Inc. (NYSE:COUR)

Assenagon Asset Management S.A. raised its stake in shares of Coursera, Inc. (NYSE:COUR - Free Report) by 6.3% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 1,413,641 shares of the company's stock after purchasing an additional 83,369 shares during the period. Assenagon Asset Management S.A. owned 0.91% of Coursera worth $11,224,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of COUR. Natixis purchased a new position in shares of Coursera during the 1st quarter valued at about $35,000. CWM LLC raised its stake in Coursera by 7,568.6% during the 2nd quarter. CWM LLC now owns 3,911 shares of the company's stock worth $28,000 after acquiring an additional 3,860 shares during the period. Covestor Ltd lifted its holdings in Coursera by 72.9% during the first quarter. Covestor Ltd now owns 4,378 shares of the company's stock valued at $61,000 after purchasing an additional 1,846 shares in the last quarter. nVerses Capital LLC boosted its position in shares of Coursera by 26.1% in the second quarter. nVerses Capital LLC now owns 8,700 shares of the company's stock worth $62,000 after purchasing an additional 1,800 shares during the period. Finally, LGT Group Foundation purchased a new stake in shares of Coursera in the second quarter worth $73,000. Hedge funds and other institutional investors own 89.55% of the company's stock.

Insider Activity at Coursera

In other Coursera news, SVP Alan B. Cardenas sold 6,285 shares of the business'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 transaction of $51,976.95. Following the sale, the senior vice president now directly owns 207,434 shares of the company's stock, valued at $1,715,479.18. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. In related news, SVP Alan B. Cardenas sold 6,285 shares of the firm's stock in a transaction 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 completion of the sale, the senior vice president now directly owns 207,434 shares in the company, valued at $1,715,479.18. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Andrew Y. Ng sold 6,221 shares of the business's stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $8.03, for a total transaction of $49,954.63. Following the transaction, the director now owns 7,297,671 shares in the company, valued at $58,600,298.13. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 39,068 shares of company stock valued at $324,787. Insiders own 16.30% of the company's stock.

Coursera Price Performance

Shares of NYSE COUR traded up $0.36 during midday trading on Monday, reaching $7.24. 2,790,493 shares of the stock traded hands, compared to its average volume of 2,221,246. The company's 50 day moving average is $7.80 and its 200 day moving average is $8.22. Coursera, Inc. has a one year low of $6.29 and a one year high of $21.26. The stock has a market capitalization of $1.13 billion, a PE ratio of -10.49 and a beta of 1.42.

Coursera (NYSE:COUR - Get Free Report) last released its quarterly earnings data on Thursday, July 25th. The company reported $0.09 EPS for the quarter, beating 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 business had revenue of $170.30 million during the quarter, compared to analyst estimates of $164.67 million. During the same quarter last year, the business earned ($0.20) earnings per share. Coursera's quarterly revenue was up 10.8% compared to the same quarter last year. As a group, equities analysts forecast that Coursera, Inc. will post -0.44 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on COUR. KeyCorp lowered their target price on shares of Coursera from $12.00 to $11.00 and set an "overweight" rating on the stock in a research note on Friday. The Goldman Sachs Group lowered their price objective on Coursera from $9.00 to $7.25 and set a "sell" rating on the stock in a research report on Friday. Morgan Stanley cut their target price on Coursera from $15.00 to $10.00 and set an "overweight" rating for the company in a research report on Friday. Royal Bank of Canada decreased their target price on Coursera from $18.00 to $10.00 and set an "outperform" rating on the stock in a research note on Friday. Finally, Bank of America began coverage on Coursera in a research note on Thursday, September 19th. They issued a "buy" rating and a $11.00 price target for the company. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and nine have given a buy rating to the company's stock. Based on data from MarketBeat, Coursera currently has a consensus rating of "Moderate Buy" and a consensus target price of $10.93.

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.