Coursera (NYSE:COUR) Given “Outperform” Rating at Telsey Advisory Group

Coursera (NYSE:COUR)‘s stock had its “outperform” rating reiterated by equities research analysts at Telsey Advisory Group in a report issued on Tuesday,Benzinga reports. They presently have a $15.00 target price on the stock. Telsey Advisory Group’s price objective would suggest a potential upside of 56.36% from the company’s current price.

COUR has been the subject of several other reports. Needham & Company LLC reaffirmed a “buy” rating and set a $11.00 price objective on shares of Coursera in a research note on Monday. Royal Bank of Canada decreased their price target on Coursera from $18.00 to $10.00 and set an “outperform” rating for the company in a report on Friday, October 25th. Scotiabank began coverage on shares of Coursera in a research note on Thursday, December 5th. They issued a “sector perform” rating and a $9.00 price objective on the stock. Cantor Fitzgerald restated an “overweight” rating and issued a $10.00 target price on shares of Coursera in a research note on Thursday, December 5th. Finally, KeyCorp dropped their price target on shares of Coursera from $12.00 to $11.00 and set an “overweight” rating on the stock in a research note on Friday, October 25th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, Coursera has a consensus rating of “Moderate Buy” and an average price target of $10.27.

Coursera Stock Performance

Shares of Coursera stock opened at $9.59 on Tuesday. The company’s fifty day moving average is $8.43 and its two-hundred day moving average is $7.99. Coursera has a 1 year low of $6.29 and a 1 year high of $20.72. The company has a market capitalization of $1.52 billion, a P/E ratio of -18.81 and a beta of 1.44.

Insider Buying and Selling at Coursera

In other Coursera news, SVP Alan B. Cardenas sold 6,102 shares of Coursera stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $6.83, for a total transaction of $41,676.66. Following the transaction, the senior vice president now directly owns 194,082 shares of the company’s stock, valued at $1,325,580.06. The trade was a 3.05 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 16.30% of the company’s stock.

Institutional Trading of Coursera

A number of institutional investors have recently added to or reduced their stakes in COUR. KBC Group NV lifted its stake in shares of Coursera by 90.7% during the fourth quarter. KBC Group NV now owns 9,203 shares of the company’s stock worth $78,000 after purchasing an additional 4,376 shares in the last quarter. Janney Montgomery Scott LLC lifted its position in Coursera by 15.9% during the 4th quarter. Janney Montgomery Scott LLC now owns 121,845 shares of the company’s stock worth $1,036,000 after acquiring an additional 16,724 shares in the last quarter. SG Americas Securities LLC boosted its holdings in Coursera by 66.1% in the 4th quarter. SG Americas Securities LLC now owns 87,209 shares of the company’s stock worth $741,000 after acquiring an additional 34,701 shares during the period. Diversified Trust Co purchased a new position in Coursera in the 4th quarter worth approximately $131,000. Finally, Franklin Resources Inc. acquired a new stake in Coursera in the third quarter valued at approximately $1,651,000. 89.55% of the stock is owned by hedge funds and other institutional investors.

About Coursera

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.