Deutsche Bank AG Buys Shares of 1,746,029 Coursera, Inc. $COUR

Deutsche Bank AG purchased a new stake in shares of Coursera, Inc. (NYSE:COUR - Free Report) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 1,746,029 shares of the company's stock, valued at approximately $9,848,000. Deutsche Bank AG owned about 1.03% of Coursera as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Aster Capital Management DIFC Ltd bought a new position in Coursera during the fourth quarter valued at approximately $25,000. Quarry LP grew its position in Coursera by 619.9% in the 3rd quarter. Quarry LP now owns 4,024 shares of the company's stock worth $47,000 after purchasing an additional 3,465 shares during the period. Caitong International Asset Management Co. Ltd grew its position in Coursera by 224.1% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 4,939 shares of the company's stock worth $36,000 after purchasing an additional 3,415 shares during the period. Clearstead Trust LLC purchased a new stake in Coursera during the 4th quarter valued at $39,000. Finally, Optiver Holding B.V. purchased a new stake in Coursera during the 1st quarter valued at $31,000. 89.55% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Coursera news, SVP Alan B. Cardenas sold 9,139 shares of the business's stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $5.71, for a total transaction of $52,183.69. Following the completion of the sale, the senior vice president owned 236,237 shares of the company's stock, valued at approximately $1,348,913.27. The trade was a 3.72% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 16.30% of the company's stock.

Coursera Price Performance

Shares of Coursera stock opened at $6.02 on Monday. The company's fifty day simple moving average is $5.66 and its 200-day simple moving average is $5.78. The stock has a market capitalization of $1.59 billion, a PE ratio of -8.98, a P/E/G ratio of 0.76 and a beta of 1.24. Coursera, Inc. has a 1-year low of $5.00 and a 1-year high of $12.32.

Coursera (NYSE:COUR - Get Free Report) last issued its quarterly earnings data on Wednesday, July 29th. The company reported $0.17 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.10 by $0.07. The firm had revenue of $298.60 million during the quarter, compared to the consensus estimate of $293.61 million. Coursera had a negative net margin of 15.39% and a negative return on equity of 1.72%. The company's revenue for the quarter was up 59.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.12 EPS. As a group, research analysts anticipate that Coursera, Inc. will post 0.16 EPS for the current year.

Coursera declared that its board has approved a stock repurchase program on Monday, May 18th that authorizes the company to repurchase $500.00 million in outstanding shares. This repurchase authorization authorizes the company to buy up to 55.9% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company's leadership believes its shares are undervalued.

Analysts Set New Price Targets

Several research firms have recently weighed in on COUR. Wall Street Zen raised Coursera from a "hold" rating to a "buy" rating in a report on Sunday, August 2nd. Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $7.00 price objective on shares of Coursera in a report on Wednesday, June 24th. The Goldman Sachs Group upgraded Coursera from a "sell" rating to a "neutral" rating and upped their price objective for the company from $5.50 to $6.50 in a research report on Monday, August 3rd. KeyCorp reissued an "overweight" rating on shares of Coursera in a report on Wednesday, June 24th. Finally, BMO Capital Markets reissued an "outperform" rating on shares of Coursera in a research report on Thursday, July 30th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $8.55.

About Coursera

Coursera, Inc NYSE: COUR operates a leading online learning platform that delivers courses, specializations, professional certificates and fully accredited degree programs in collaboration with top universities and industry partners. Founded in 2012 by Stanford University professors Andrew Ng and Daphne Koller, Coursera's mission is to provide universal access to world-class education and bridge skill gaps in a rapidly evolving job market.

The platform features more than 6,000 offerings created by over 275 academic institutions and corporate entities, spanning fields such as data science, business, technology, health care and the arts.

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