Coursera (NYSE:COUR) Price Target Lowered to $9.00 at BMO Capital Markets

Coursera (NYSE:COUR) had its target price decreased by BMO Capital Markets from $10.00 to $9.00 in a report published on Friday, Benzinga reports. BMO Capital Markets currently has an outperform rating on the stock.

A number of other equities analysts also recently weighed in on COUR. Royal Bank of Canada reaffirmed an “outperform” rating and set a $18.00 price target on shares of Coursera in a research note on Friday, July 26th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $18.00 target price on shares of Coursera in a research report on Monday, October 21st. Needham & Company LLC lowered their price target on Coursera from $15.00 to $11.00 and set a “buy” rating for the company in a research report on Friday. The Goldman Sachs Group dropped their price target on Coursera from $10.50 to $9.00 and set a “sell” rating for the company in a research note on Friday, July 26th. Finally, Cantor Fitzgerald raised Coursera to a “strong-buy” rating in a research note on Tuesday, August 13th. One research analyst has rated the stock with a sell rating, one has given a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $10.93.

Coursera Price Performance

NYSE COUR opened at $7.24 on Friday. The company has a 50-day moving average of $7.78 and a 200-day moving average of $8.18. Coursera has a 12 month low of $6.29 and a 12 month high of $21.26. The company has a market cap of $1.13 billion, a P/E ratio of -10.49 and a beta of 1.42.

Insider Activity

In related news, Director Andrew Y. Ng sold 6,221 shares of the business’s stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $8.03, for a total transaction of $49,954.63. Following the transaction, the director now directly owns 7,297,671 shares of the company’s stock, valued at approximately $58,600,298.13. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, Director Andrew Y. Ng sold 6,221 shares of the firm’s stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $8.03, for a total transaction of $49,954.63. Following the completion of the sale, the director now directly owns 7,297,671 shares of the company’s stock, valued at approximately $58,600,298.13. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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 stock was sold at an average price of $8.40, for a total transaction of $210,000.00. Following the completion of the transaction, the director now owns 7,203,892 shares in the company, valued at $60,512,692.80. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 39,068 shares of company stock worth $324,787. 16.30% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Assenagon Asset Management S.A. raised its position in shares of Coursera by 6.3% in the 3rd quarter. Assenagon Asset Management S.A. now owns 1,413,641 shares of the company’s stock valued at $11,224,000 after purchasing an additional 83,369 shares in the last quarter. Aspiriant LLC bought a new stake in shares of Coursera in the third quarter worth $333,000. nVerses Capital LLC raised its holdings in Coursera by 77.0% in the third quarter. nVerses Capital LLC now owns 15,400 shares of the company’s stock valued at $122,000 after acquiring an additional 6,700 shares in the last quarter. Creative Planning boosted its stake in Coursera by 174.6% during the 3rd quarter. Creative Planning now owns 81,092 shares of the company’s stock valued at $644,000 after acquiring an additional 51,564 shares during the last quarter. Finally, Inspire Investing LLC acquired a new position in Coursera during the 3rd quarter worth $413,000. Hedge funds and other institutional investors own 89.55% of the company’s stock.

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.