Assenagon Asset Management S.A. Acquires 155,427 Shares of Coursera, Inc. (NYSE:COUR)

Assenagon Asset Management S.A. grew its position in shares of Coursera, Inc. (NYSE:COUR - Free Report) by 22.2% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 855,629 shares of the company's stock after purchasing an additional 155,427 shares during the quarter. Assenagon Asset Management S.A. owned approximately 0.53% of Coursera worth $5,698,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. New York State Teachers Retirement System bought a new stake in shares of Coursera in the 4th quarter valued at about $107,000. New York State Common Retirement Fund increased its stake in Coursera by 6.4% in the 4th quarter. New York State Common Retirement Fund now owns 42,368 shares of the company's stock worth $360,000 after purchasing an additional 2,552 shares during the period. Ieq Capital LLC lifted its position in Coursera by 74.7% in the fourth quarter. Ieq Capital LLC now owns 68,790 shares of the company's stock valued at $585,000 after purchasing an additional 29,412 shares during the last quarter. Waterfront Wealth Inc. lifted its position in Coursera by 1.7% in the fourth quarter. Waterfront Wealth Inc. now owns 156,411 shares of the company's stock valued at $1,329,000 after purchasing an additional 2,543 shares during the last quarter. Finally, Olympiad Research LP purchased a new stake in shares of Coursera during the fourth quarter valued at approximately $294,000. 89.55% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms recently commented on COUR. Morgan Stanley reiterated an "equal weight" rating and set a $11.00 price target (up from $10.00) on shares of Coursera in a report on Thursday, June 5th. Bank of America reaffirmed an "underperform" rating and set a $7.00 price objective on shares of Coursera in a research note on Thursday, March 27th. Telsey Advisory Group reissued an "outperform" rating and issued a $12.00 target price on shares of Coursera in a research note on Tuesday, April 22nd. JPMorgan Chase & Co. cut their price target on shares of Coursera from $8.00 to $7.00 and set a "neutral" rating on the stock in a report on Tuesday, April 8th. Finally, Needham & Company LLC reiterated a "buy" rating and set a $11.00 target price on shares of Coursera in a report on Friday, April 25th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, Coursera presently has an average rating of "Hold" and an average price target of $9.40.

Insider Buying and Selling

In related news, Director Sabrina Simmons sold 9,335 shares of the stock in a transaction that occurred on Thursday, May 22nd. The shares were sold at an average price of $8.48, for a total value of $79,160.80. Following the completion of the sale, the director now directly owns 50,215 shares of the company's stock, valued at approximately $425,823.20. This represents a 15.68% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Alan B. Cardenas sold 6,101 shares of Coursera stock in a transaction that occurred on Tuesday, May 20th. The shares were sold at an average price of $8.65, for a total transaction of $52,773.65. Following the transaction, the senior vice president now directly owns 293,368 shares in the company, valued at $2,537,633.20. This represents a 2.04% decrease in their position. The disclosure for this sale can be found here. Insiders sold 24,770 shares of company stock valued at $211,087 over the last 90 days. Company insiders own 16.80% of the company's stock.

Coursera Trading Down 0.7%

NYSE:COUR traded down $0.06 during mid-day trading on Wednesday, reaching $8.29. The company's stock had a trading volume of 392,674 shares, compared to its average volume of 2,186,981. The stock has a market cap of $1.34 billion, a P/E ratio of -19.30 and a beta of 1.38. The firm's fifty day moving average price is $8.33 and its two-hundred day moving average price is $8.08. Coursera, Inc. has a 12-month low of $5.76 and a 12-month high of $11.74.

Coursera (NYSE:COUR - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The company reported $0.12 earnings per share for the quarter, beating the consensus estimate of $0.08 by $0.04. Coursera had a negative net margin of 9.37% and a negative return on equity of 7.22%. The firm had revenue of $179.30 million during the quarter, compared to analysts' expectations of $175.60 million. During the same period in the previous year, the company earned $0.07 earnings per share. The firm's quarterly revenue was up 6.0% on a year-over-year basis. Analysts predict that Coursera, Inc. will post -0.28 earnings per share for the current fiscal 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.