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

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

Other institutional investors and hedge funds also recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Coursera by 1.8% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 101,948 shares of the company's stock worth $867,000 after purchasing an additional 1,785 shares during the period. CWM LLC increased its holdings in shares of Coursera by 13.7% during the first quarter. CWM LLC now owns 23,794 shares of the company's stock valued at $158,000 after acquiring an additional 2,872 shares in the last quarter. QRG Capital Management Inc. grew its position in Coursera by 24.1% in the 1st quarter. QRG Capital Management Inc. now owns 17,698 shares of the company's stock valued at $118,000 after purchasing an additional 3,434 shares during the period. State of Wyoming raised its holdings in Coursera by 959.1% during 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. Finally, Wealth Enhancement Advisory Services LLC increased its position in shares of Coursera by 34.8% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 13,649 shares of the company's stock worth $91,000 after acquiring an additional 3,521 shares in the last quarter. Institutional investors and hedge funds own 89.55% of the company's stock.

Insider Buying and Selling at Coursera

In other news, CAO Michele M. Meyers sold 12,500 shares of the stock in a transaction on Friday, July 25th. The stock was sold at an average price of $11.60, for a total value of $145,000.00. Following the sale, the chief accounting officer directly owned 253,351 shares of the company's stock, valued at approximately $2,938,871.60. This represents a 4.70% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Amanda Clark sold 9,334 shares of Coursera stock in a transaction dated Thursday, May 22nd. The stock was sold at an average price of $8.48, for a total value of $79,152.32. Following the completion of the transaction, the director directly owned 85,573 shares of the company's stock, valued at approximately $725,659.04. This represents a 9.83% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 37,270 shares of company stock worth $356,087 over the last three months. Company insiders own 16.80% of the company's stock.

Coursera Stock Down 3.7%

Shares of COUR traded down $0.47 during trading hours on Friday, reaching $12.17. 4,470,458 shares of the company traded hands, compared to its average volume of 4,518,609. Coursera, Inc. has a 12 month low of $5.76 and a 12 month high of $13.56. The company's fifty day moving average price is $9.08 and its two-hundred day moving average price is $8.27. The company has a market capitalization of $1.96 billion, a price-to-earnings ratio of -36.88 and a beta of 1.40.

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, topping the consensus estimate 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 return on equity of 5.22% and a negative net margin of 7.05%. The business's revenue was up 9.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.09 EPS. On average, analysts expect that Coursera, Inc. will post -0.28 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the company. Royal Bank Of Canada lifted their target price on Coursera from $10.00 to $13.00 and gave the company an "outperform" rating in a research report on Friday, July 25th. Morgan Stanley boosted their price objective on Coursera from $11.00 to $12.00 and gave the company an "equal weight" rating in a research note on Friday, July 25th. JPMorgan Chase & Co. upped their price target on shares of Coursera from $8.00 to $9.00 and gave the stock a "neutral" rating in a report on Wednesday, July 16th. Cantor Fitzgerald raised their price objective on shares of Coursera from $10.00 to $13.00 and gave the company an "overweight" rating in a research report on Friday, July 25th. Finally, KeyCorp reissued an "overweight" rating and set a $12.00 price target (up from $11.00) on shares of Coursera in a research note on Friday, July 25th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus 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.