Victory Capital Management Inc. Raises Stock Holdings in Coursera, Inc. (NYSE:COUR)

Victory Capital Management Inc. raised its position in shares of Coursera, Inc. (NYSE:COUR) by 25.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,064 shares of the company’s stock after acquiring an additional 3,056 shares during the quarter. Victory Capital Management Inc.’s holdings in Coursera were worth $292,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in COUR. Teacher Retirement System of Texas acquired a new position in shares of Coursera during the third quarter valued at approximately $246,000. Principal Financial Group Inc. raised its holdings in shares of Coursera by 1,167.6% during the third quarter. Principal Financial Group Inc. now owns 194,914 shares of the company’s stock valued at $3,643,000 after acquiring an additional 179,537 shares during the last quarter. Nomura Asset Management Co. Ltd. raised its holdings in shares of Coursera by 41.9% during the third quarter. Nomura Asset Management Co. Ltd. now owns 75,663 shares of the company’s stock valued at $1,414,000 after acquiring an additional 22,353 shares during the last quarter. Los Angeles Capital Management LLC acquired a new position in shares of Coursera during the third quarter valued at approximately $913,000. Finally, New York State Common Retirement Fund raised its holdings in shares of Coursera by 13.1% during the third quarter. New York State Common Retirement Fund now owns 53,964 shares of the company’s stock valued at $1,009,000 after acquiring an additional 6,271 shares during the last quarter. Institutional investors and hedge funds own 89.55% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on COUR shares. Morgan Stanley cut their price target on Coursera from $21.00 to $15.00 and set an “overweight” rating for the company in a report on Tuesday, April 30th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $25.00 price target on shares of Coursera in a report on Thursday, April 25th. BMO Capital Markets cut their price target on Coursera from $20.00 to $13.00 and set an “outperform” rating for the company in a report on Wednesday, May 1st. Truist Financial cut their price target on Coursera from $20.00 to $12.00 and set a “hold” rating for the company in a report on Tuesday, April 30th. Finally, Royal Bank of Canada cut their price target on Coursera from $25.00 to $18.00 and set an “outperform” rating for the company in a report on Tuesday, April 30th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $16.85.

Insider Transactions at Coursera

In other news, Director Amanda Clark sold 8,093 shares of the firm’s stock in a transaction on Friday, May 24th. The stock was sold at an average price of $7.72, for a total transaction of $62,477.96. Following the completion of the transaction, the director now directly owns 76,266 shares in the company, valued at $588,773.52. The transaction was disclosed in a document filed with the SEC, which is available at this link. In related news, CRO Leah F. Belsky sold 42,756 shares of Coursera stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $16.29, for a total value of $696,495.24. Following the completion of the transaction, the executive now directly owns 837,338 shares in the company, valued at $13,640,236.02. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Amanda Clark sold 8,093 shares of Coursera stock in a transaction on Friday, May 24th. The shares were sold at an average price of $7.72, for a total value of $62,477.96. Following the completion of the transaction, the director now owns 76,266 shares of the company’s stock, valued at $588,773.52. The disclosure for this sale can be found here. Insiders sold a total of 494,708 shares of company stock worth $6,502,951 over the last ninety days. Company insiders own 16.30% of the company’s stock.

Coursera Stock Down 2.0 %

COUR stock opened at $7.69 on Friday. The business has a fifty day moving average of $11.56 and a two-hundred day moving average of $16.07. The stock has a market cap of $1.20 billion, a price-to-earnings ratio of -11.14 and a beta of 1.57. Coursera, Inc. has a 52-week low of $7.66 and a 52-week high of $21.26.

Coursera (NYSE:COUR) last posted its earnings results on Monday, April 29th. The company reported $0.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.01 by $0.06. Coursera had a negative return on equity of 16.03% and a negative net margin of 16.05%. The company had revenue of $169.10 million during the quarter, compared to analysts’ expectations of $170.43 million. During the same quarter last year, the firm earned ($0.24) earnings per share. The firm’s quarterly revenue was up 14.6% compared to the same quarter last year. As a group, sell-side analysts anticipate that Coursera, Inc. will post -0.45 EPS for the current year.

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.