DnB Asset Management AS Has $280,000 Stock Position in Coursera, Inc. (NYSE:COUR)

DnB Asset Management AS grew its stake in shares of Coursera, Inc. (NYSE:COURGet Rating) by 12.4% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 19,745 shares of the company’s stock after purchasing an additional 2,186 shares during the quarter. DnB Asset Management AS’s holdings in Coursera were worth $280,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the stock. Raymond James & Associates grew its holdings in Coursera by 78.4% in the 4th quarter. Raymond James & Associates now owns 15,960 shares of the company’s stock valued at $390,000 after buying an additional 7,015 shares in the last quarter. Teacher Retirement System of Texas acquired a new stake in Coursera during the fourth quarter worth approximately $231,000. JPMorgan Chase & Co. grew its stake in Coursera by 61.4% during the fourth quarter. JPMorgan Chase & Co. now owns 726,270 shares of the company’s stock worth $17,752,000 after purchasing an additional 276,352 shares during the period. Rhumbline Advisers grew its stake in Coursera by 23.7% during the fourth quarter. Rhumbline Advisers now owns 100,244 shares of the company’s stock worth $2,450,000 after purchasing an additional 19,192 shares during the period. Finally, Allianz Asset Management GmbH acquired a new stake in Coursera in the fourth quarter valued at approximately $233,000. Institutional investors and hedge funds own 63.56% of the company’s stock.

Coursera Stock Down 4.4 %

Coursera stock opened at $10.10 on Friday. The company has a market capitalization of $1.47 billion, a P/E ratio of -8.56 and a beta of 1.34. Coursera, Inc. has a twelve month low of $10.05 and a twelve month high of $37.75. The stock’s 50 day moving average is $13.13 and its 200 day moving average is $16.30.

Coursera (NYSE:COURGet Rating) last released its quarterly earnings data on Wednesday, July 27th. The company reported ($0.34) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.31) by ($0.03). The business had revenue of $124.80 million during the quarter, compared to the consensus estimate of $130.90 million. Coursera had a negative net margin of 35.70% and a negative return on equity of 22.81%. The business’s revenue was up 22.2% compared to the same quarter last year. During the same period last year, the company posted ($0.35) earnings per share. As a group, equities analysts expect that Coursera, Inc. will post -1.09 EPS for the current year.

Insider Buying and Selling

In other news, Director Andrew Y. Ng sold 40,000 shares of the firm’s stock in a transaction dated Tuesday, September 13th. The stock was sold at an average price of $12.12, for a total transaction of $484,800.00. Following the completion of the transaction, the director now owns 7,350,398 shares in the company, valued at $89,086,823.76. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, Director Andrew Y. Ng sold 40,000 shares of the firm’s stock in a transaction dated Tuesday, September 13th. The stock was sold at an average price of $12.12, for a total transaction of $484,800.00. Following the completion of the transaction, the director now owns 7,350,398 shares in the company, valued at $89,086,823.76. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Shravan Goli sold 34,100 shares of the firm’s stock in a transaction dated Thursday, July 7th. The shares were sold at an average price of $15.78, for a total value of $538,098.00. Following the transaction, the insider now owns 257,033 shares of the company’s stock, valued at approximately $4,055,980.74. The disclosure for this sale can be found here. In the last three months, insiders have sold 160,548 shares of company stock valued at $2,311,786.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on COUR shares. Raymond James lowered Coursera from an “outperform” rating to a “market perform” rating in a report on Thursday, July 28th. Truist Financial dropped their target price on Coursera from $35.00 to $20.00 in a report on Thursday, July 28th. DA Davidson dropped their target price on Coursera from $29.00 to $16.00 in a report on Thursday, July 28th. Citigroup dropped their target price on Coursera from $45.00 to $40.00 in a report on Thursday, July 28th. Finally, Needham & Company LLC dropped their target price on Coursera from $32.00 to $19.00 and set a “buy” rating on the stock in a report on Thursday, July 28th. Four analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $25.38.

Coursera Company Profile

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Coursera, Inc operates an online educational content platform that connects learners, educators, organizations, and institutions. It offers online courses that include data science, business, computer science, information technology, health, social sciences, logic, project management, and digital marketing services; campus student plans; degree courses; and certification education.

Further Reading

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Institutional Ownership by Quarter for Coursera (NYSE:COUR)

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