Victory Capital Management Inc. Purchases 119,452 Shares of Coursera, Inc. (NYSE:COUR)

Victory Capital Management Inc. lifted its holdings in Coursera, Inc. (NYSE:COUR - Free Report) by 111.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 226,766 shares of the company's stock after buying an additional 119,452 shares during the quarter. Victory Capital Management Inc. owned approximately 0.14% of Coursera worth $1,510,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Norges Bank purchased a new stake in Coursera during the 4th quarter valued at about $17,010,000. Two Sigma Investments LP purchased a new stake in Coursera during the 4th quarter valued at about $8,710,000. Ameriprise Financial Inc. grew its position in Coursera by 253.1% during the 4th 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 purchased a new stake in Coursera during the 4th quarter valued at about $6,612,000. Finally, Senvest Management LLC grew its position in Coursera by 89.0% during the 4th quarter. Senvest Management LLC now owns 1,214,798 shares of the company's stock valued at $10,326,000 after purchasing an additional 571,992 shares during the last quarter. 89.55% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Coursera

In other news, Director Amanda Clark sold 9,334 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 $79,152.32. Following the transaction, the director owned 85,573 shares in the company, valued at $725,659.04. This represents a 9.83% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Michele M. Meyers sold 12,500 shares of the stock in a transaction that occurred on Friday, July 25th. The stock was sold at an average price of $11.60, for a total transaction of $145,000.00. Following the completion of the transaction, the chief accounting officer owned 253,351 shares in the company, valued at $2,938,871.60. This trade represents a 4.70% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 37,270 shares of company stock worth $356,087 over the last quarter. Company insiders own 16.80% of the company's stock.

Coursera Stock Down 3.7%

Shares of NYSE COUR traded down $0.47 during trading on Friday, reaching $12.17. 4,470,458 shares of the company traded hands, compared to its average volume of 2,199,710. The firm has a 50 day simple moving average of $9.01 and a 200-day simple moving average of $8.25. Coursera, Inc. has a 52-week low of $5.76 and a 52-week high of $13.56. The stock has a market capitalization of $1.96 billion, a PE ratio of -36.88 and a beta of 1.36.

Coursera (NYSE:COUR - Get Free Report) last issued its quarterly earnings data on Thursday, July 24th. The company reported $0.12 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.03. Coursera had a negative net margin of 7.05% and a negative return on equity of 5.22%. The firm had revenue of $187.10 million for the quarter, compared to analysts' expectations of $180.52 million. During the same quarter in the prior year, the business earned $0.09 EPS. The business's quarterly revenue was up 9.9% on a year-over-year basis. As a group, research analysts predict that Coursera, Inc. will post -0.28 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts recently commented on COUR shares. Bank of America raised shares of Coursera from an "underperform" rating to a "neutral" rating and increased their price objective for the company from $7.00 to $12.00 in a research report on Friday, July 25th. Royal Bank Of Canada increased their price objective on shares of Coursera from $10.00 to $13.00 and gave the company an "outperform" rating in a research report on Friday, July 25th. Telsey Advisory Group reissued an "outperform" rating and set a $12.00 price objective on shares of Coursera in a research report on Monday, July 21st. KeyCorp reissued an "overweight" rating and set a $12.00 price objective (up from $11.00) on shares of Coursera in a research report on Friday, July 25th. Finally, Morgan Stanley raised their price target on shares of Coursera from $11.00 to $12.00 and gave the company an "equal weight" rating in a report on Friday, July 25th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, Coursera currently has an average rating of "Moderate Buy" and an average price target of $11.25.

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.