Coursera, Inc. (NYSE:COUR) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Coursera, Inc. (NYSE:COUR) have been assigned a consensus rating of “Moderate Buy” from the thirteen research firms that are covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and nine have given a buy recommendation to the company. The average 1-year price target among analysts that have covered the stock in the last year is $10.52.

COUR has been the topic of several research reports. Bank of America started coverage on shares of Coursera in a report on Thursday, September 19th. They issued a “buy” rating and a $11.00 price target on the stock. Morgan Stanley reduced their target price on shares of Coursera from $15.00 to $10.00 and set an “overweight” rating for the company in a report on Friday, October 25th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $10.00 price target on shares of Coursera in a research report on Thursday, December 5th. Telsey Advisory Group reissued an “outperform” rating and issued a $18.00 price objective on shares of Coursera in a report on Monday, October 21st. Finally, Needham & Company LLC dropped their target price on Coursera from $15.00 to $11.00 and set a “buy” rating on the stock in a report on Friday, October 25th.

Coursera Stock Performance

Shares of COUR stock opened at $8.53 on Friday. Coursera has a fifty-two week low of $6.29 and a fifty-two week high of $20.73. The firm has a market capitalization of $1.35 billion, a PE ratio of -16.73 and a beta of 1.49. The stock’s 50-day simple moving average is $7.86 and its 200-day simple moving average is $7.77.

Insider Activity

In other news, SVP Alan B. Cardenas sold 6,102 shares of Coursera stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $6.83, for a total value of $41,676.66. Following the sale, the senior vice president now owns 194,082 shares in the company, valued at $1,325,580.06. This trade represents a 3.05 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 16.30% of the company’s stock.

Institutional Investors Weigh In On Coursera

Several large investors have recently bought and sold shares of COUR. Franklin Resources Inc. acquired a new position in Coursera in the 3rd quarter valued at $1,651,000. Geode Capital Management LLC lifted its stake in Coursera by 7.3% in the 3rd quarter. Geode Capital Management LLC now owns 2,922,953 shares of the company’s stock worth $23,214,000 after purchasing an additional 199,050 shares in the last quarter. Barclays PLC boosted its holdings in shares of Coursera by 24.4% during the 3rd quarter. Barclays PLC now owns 962,122 shares of the company’s stock worth $7,640,000 after purchasing an additional 188,911 shares during the last quarter. XTX Topco Ltd grew its position in shares of Coursera by 19.0% in the third quarter. XTX Topco Ltd now owns 99,474 shares of the company’s stock valued at $790,000 after purchasing an additional 15,891 shares in the last quarter. Finally, Zacks Investment Management increased its holdings in shares of Coursera by 9.6% in the third quarter. Zacks Investment Management now owns 83,448 shares of the company’s stock valued at $663,000 after purchasing an additional 7,334 shares during the last quarter. 89.55% of the stock is currently owned by hedge funds and other institutional investors.

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.