Coursera, Inc. (NYSE:COUR) Stake Boosted by Waterfront Wealth Inc.

Waterfront Wealth Inc. grew its stake in shares of Coursera, Inc. (NYSE:COUR - Free Report) by 19.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 187,270 shares of the company's stock after purchasing an additional 30,859 shares during the quarter. Waterfront Wealth Inc. owned approximately 0.12% of Coursera worth $1,247,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in COUR. Norges Bank bought a new position in shares of Coursera during the fourth quarter valued at approximately $17,010,000. Two Sigma Investments LP bought a new position in shares of Coursera during the fourth quarter valued at approximately $8,710,000. Ameriprise Financial Inc. grew its holdings in shares of Coursera by 253.1% during the fourth quarter. Ameriprise Financial Inc. now owns 1,424,354 shares of the company's stock valued at $12,107,000 after purchasing an additional 1,020,969 shares during the last quarter. BNP Paribas Financial Markets bought a new position in shares of Coursera during the fourth quarter valued at approximately $6,612,000. Finally, Senvest Management LLC grew its holdings in Coursera by 89.0% in the 4th quarter. Senvest Management LLC now owns 1,214,798 shares of the company's stock worth $10,326,000 after buying an additional 571,992 shares in the last quarter. 89.55% of the stock is owned by institutional investors.

Insider Transactions at Coursera

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

Coursera Stock Up 1.4%

Shares of Coursera stock opened at $8.76 on Friday. The stock has a market cap of $1.41 billion, a PE ratio of -20.36 and a beta of 1.38. The business has a fifty day simple moving average of $8.57 and a 200-day simple moving average of $8.09. 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 issued its earnings results on Thursday, April 24th. The company reported $0.12 EPS for the quarter, topping the consensus estimate of $0.08 by $0.04. The business had revenue of $179.30 million during the quarter, compared to analysts' expectations of $175.60 million. Coursera had a negative return on equity of 7.22% and a negative net margin of 9.37%. Coursera's revenue was up 6.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.07 earnings per share. Analysts expect that Coursera, Inc. will post -0.28 EPS for the current fiscal year.

Analysts Set New Price Targets

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

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.

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