Coursera (NYSE:COUR) Now Covered by Analysts at Scotiabank

Stock analysts at Scotiabank assumed coverage on shares of Coursera (NYSE:COUR) in a research report issued on Thursday, Marketbeat Ratings reports. The firm set a “sector perform” rating and a $9.00 price target on the stock. Scotiabank’s target price suggests a potential upside of 9.16% from the company’s previous close.

COUR has been the subject of a number of other reports. Telsey Advisory Group reissued an “outperform” rating and issued a $18.00 target price on shares of Coursera in a research report on Monday, October 21st. BMO Capital Markets decreased their price objective on Coursera from $10.00 to $9.00 and set an “outperform” rating for the company in a report on Friday, October 25th. JPMorgan Chase & Co. assumed coverage on shares of Coursera in a research report on Monday, November 25th. They set a “neutral” rating and a $8.00 target price on the stock. Morgan Stanley reduced their price target on shares of Coursera from $15.00 to $10.00 and set an “overweight” rating for the company in a research report on Friday, October 25th. Finally, Royal Bank of Canada lowered their price objective on shares of Coursera from $18.00 to $10.00 and set an “outperform” rating on the stock in a research report on Friday, October 25th. One analyst has rated the stock with a sell rating, three have given a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $10.52.

Coursera Trading Down 1.5 %

Shares of Coursera stock opened at $8.25 on Thursday. Coursera has a 12-month low of $6.29 and a 12-month high of $21.26. The stock has a market cap of $1.31 billion, a price-to-earnings ratio of -16.41 and a beta of 1.49. The company has a fifty day simple moving average of $7.50 and a 200-day simple moving average of $7.61.

Insider Transactions at Coursera

In other Coursera news, Director Andrew Y. Ng sold 6,221 shares of the business’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 sale, the director now directly owns 7,297,671 shares in the company, valued at approximately $58,600,298.13. The trade was a 0.09 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Alan B. Cardenas sold 6,102 shares of the company’s stock in a transaction on Monday, November 18th. The stock was 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 in the company, valued at approximately $1,325,580.06. This trade represents a 3.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 13,885 shares of company stock worth $102,815 over the last ninety days. 16.30% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Coursera

Institutional investors have recently modified their holdings of the company. CWM LLC increased its stake in Coursera by 7,568.6% in the 2nd quarter. CWM LLC now owns 3,911 shares of the company’s stock valued at $28,000 after purchasing an additional 3,860 shares in the last quarter. FMR LLC grew its holdings in Coursera by 67.6% in the third quarter. FMR LLC now owns 6,574 shares of the company’s stock valued at $52,000 after purchasing an additional 2,651 shares during the last quarter. nVerses Capital LLC increased its position in shares of Coursera by 26.1% in the second quarter. nVerses Capital LLC now owns 8,700 shares of the company’s stock valued at $62,000 after buying an additional 1,800 shares in the last quarter. LGT Group Foundation acquired a new position in shares of Coursera during the 2nd quarter worth $73,000. Finally, Quarry LP boosted its position in shares of Coursera by 936.6% in the 2nd quarter. Quarry LP now owns 10,356 shares of the company’s stock worth $74,000 after buying an additional 9,357 shares in the last quarter. Hedge funds and other institutional investors own 89.55% of the company’s stock.

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.