Waterfront Wealth Inc. Invests $577,000 in Coursera, Inc. (NYSE:COUR)

Waterfront Wealth Inc. bought a new stake in Coursera, Inc. (NYSE:COUR) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 80,629 shares of the company’s stock, valued at approximately $577,000. Waterfront Wealth Inc. owned approximately 0.05% of Coursera as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. nVerses Capital LLC grew its stake in Coursera by 26.1% in the 2nd quarter. nVerses Capital LLC now owns 8,700 shares of the company’s stock worth $62,000 after acquiring an additional 1,800 shares during the period. Panagora Asset Management Inc. acquired a new position in Coursera in the second quarter valued at $3,162,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Coursera by 15.4% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 25,243 shares of the company’s stock worth $181,000 after buying an additional 3,375 shares during the period. Bank of New York Mellon Corp boosted its stake in Coursera by 15.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 472,760 shares of the company’s stock worth $3,385,000 after buying an additional 62,312 shares during the last quarter. Finally, Assenagon Asset Management S.A. purchased a new stake in Coursera in the 2nd quarter valued at about $9,525,000. Hedge funds and other institutional investors own 89.55% of the company’s stock.

Insider Activity at Coursera

In related news, SVP Alan B. Cardenas sold 6,285 shares of the firm’s stock in a transaction on Monday, August 19th. The stock was sold at an average price of $8.27, for a total transaction of $51,976.95. Following the transaction, the senior vice president now directly owns 207,434 shares in the company, valued at $1,715,479.18. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, SVP Alan B. Cardenas sold 6,285 shares of the company’s stock in a transaction on Monday, August 19th. The stock was sold at an average price of $8.27, for a total transaction of $51,976.95. Following the completion of the transaction, the senior vice president now directly owns 207,434 shares in the company, valued at approximately $1,715,479.18. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Andrew Y. Ng sold 25,000 shares of the business’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $8.40, for a total transaction of $210,000.00. Following the transaction, the director now directly owns 7,203,892 shares of the company’s stock, valued at approximately $60,512,692.80. The disclosure for this sale can be found here. Insiders sold a total of 32,847 shares of company stock valued at $274,832 over the last three months. 16.30% of the stock is owned by insiders.

Coursera Stock Up 0.2 %

Shares of COUR opened at $8.10 on Monday. The firm has a market cap of $1.26 billion, a price-to-earnings ratio of -11.74 and a beta of 1.44. The business’s 50 day moving average is $7.79 and its two-hundred day moving average is $10.25. Coursera, Inc. has a 52-week low of $6.35 and a 52-week high of $21.26.

Coursera (NYSE:COUR) last posted its quarterly earnings data on Thursday, July 25th. The company reported $0.09 EPS for the quarter, beating analysts’ consensus estimates of $0.01 by $0.08. The firm had revenue of $170.30 million for the quarter, compared to the consensus estimate of $164.67 million. Coursera had a negative net margin of 14.35% and a negative return on equity of 13.92%. The firm’s revenue was up 10.8% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.20) EPS. On average, equities analysts expect that Coursera, Inc. will post -0.44 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

COUR has been the topic of several research analyst reports. The Goldman Sachs Group decreased their target price on shares of Coursera from $10.50 to $9.00 and set a “sell” rating on the stock in a research report on Friday, July 26th. Royal Bank of Canada reiterated an “outperform” rating and issued a $18.00 target price on shares of Coursera in a report on Friday, July 26th. Cantor Fitzgerald upgraded Coursera to a “strong-buy” rating in a report on Tuesday, August 13th. Telsey Advisory Group reiterated an “outperform” rating and set a $18.00 target price on shares of Coursera in a report on Monday, July 22nd. Finally, Needham & Company LLC restated a “buy” rating and issued a $15.00 price target on shares of Coursera in a report on Friday, July 26th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $15.10.

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.