Coursera, Inc. $COUR Stock Holdings Increased by Deutsche Bank AG

Key Points

• Deutsche Bank AG increased its stake in Coursera by 7.7%, now holding nearly 1.99 million shares valued at approximately $13.2 million.
• Recent price targets for Coursera stock have been raised by multiple analysts, with Royal Bank of Canada adjusting theirs from $10 to $13 and others giving a consensus rating of "Moderate Buy".
• Coursera reported earnings that exceeded expectations, with a 9.9% year-over-year revenue increase of $187.1 million and an earnings per share of $0.12.

Deutsche Bank AG grew its position in shares of Coursera, Inc. (NYSE:COUR - Free Report) by 7.7% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,986,750 shares of the company's stock after purchasing an additional 141,745 shares during the period. Deutsche Bank AG owned approximately 1.23% of Coursera worth $13,232,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the company. State of Wyoming increased its stake in shares of Coursera by 959.1% in the fourth quarter. State of Wyoming now owns 3,887 shares of the company's stock worth $33,000 after buying an additional 3,520 shares during the last quarter. Wealth Enhancement Advisory Services LLC bought a new stake in shares of Coursera in the fourth quarter worth $86,000. Xponance Inc. bought a new stake in shares of Coursera in the first quarter worth $69,000. Pallas Capital Advisors LLC bought a new stake in shares of Coursera in the first quarter worth $71,000. Finally, Inspire Advisors LLC bought a new stake in shares of Coursera in the first quarter worth $75,000. Hedge funds and other institutional investors own 89.55% of the company's stock.

Coursera Stock Performance

Shares of Coursera stock traded up $0.01 during trading on Monday, hitting $11.92. 1,331,444 shares of the stock were exchanged, compared to its average volume of 2,248,492. The stock's fifty day moving average is $9.72 and its 200 day moving average is $8.49. The stock has a market cap of $1.92 billion, a PE ratio of -36.14 and a beta of 1.40. Coursera, Inc. has a 12 month low of $5.76 and a 12 month high of $13.56.

Coursera (NYSE:COUR - Get Free Report) last announced its earnings results on Thursday, July 24th. The company reported $0.12 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.09 by $0.03. The firm had revenue of $187.10 million during the quarter, compared to analyst estimates of $180.52 million. Coursera had a negative net margin of 7.05% and a negative return on equity of 5.16%. Coursera's revenue was up 9.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.09 EPS. Sell-side analysts anticipate that Coursera, Inc. will post -0.28 EPS for the current fiscal year.

Insider Transactions at Coursera

In other news, Director Sabrina Simmons sold 9,335 shares of the firm's stock in a transaction dated Thursday, May 22nd. The shares were sold at an average price of $8.48, for a total transaction of $79,160.80. Following the completion of the transaction, the director owned 50,215 shares in the company, valued at approximately $425,823.20. This trade represents a 15.68% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Amanda Clark sold 9,334 shares of the firm's stock in a transaction dated Thursday, May 22nd. The shares were sold at an average price of $8.48, for a total transaction of $79,152.32. Following the transaction, the director owned 85,573 shares of the company's stock, valued at approximately $725,659.04. This trade represents a 9.83% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 37,270 shares of company stock worth $356,087. Corporate insiders own 16.80% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on COUR shares. Scotiabank lifted their price target on shares of Coursera from $9.00 to $11.00 and gave the stock a "sector perform" rating in a research note on Friday, July 25th. Bank of America upgraded shares of Coursera from an "underperform" rating to a "neutral" rating and boosted their target price for the company from $7.00 to $12.00 in a research note on Friday, July 25th. Wall Street Zen upgraded shares of Coursera from a "hold" rating to a "buy" rating in a research note on Saturday, July 26th. Needham & Company LLC reiterated a "buy" rating and set a $11.00 target price on shares of Coursera in a research note on Monday, July 21st. Finally, Cantor Fitzgerald boosted their target price on shares of Coursera from $10.00 to $13.00 and gave the company an "overweight" rating in a research note on Friday, July 25th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, Coursera currently has an average rating of "Moderate Buy" and an average price target of $11.40.

Coursera Company 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.