Analysts Set Coursera, Inc. (NYSE:COUR) Target Price at $10.52

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

COUR has been the subject of several research analyst reports. Telsey Advisory Group restated an “outperform” rating and set a $18.00 price target on shares of Coursera in a research note on Monday, October 21st. Morgan Stanley cut their target price on shares of Coursera from $15.00 to $10.00 and set an “overweight” rating on the stock in a research note on Friday, October 25th. The Goldman Sachs Group dropped their price objective on shares of Coursera from $9.00 to $7.25 and set a “sell” rating on the stock in a report on Friday, October 25th. BMO Capital Markets reduced their price objective on shares of Coursera from $10.00 to $9.00 and set an “outperform” rating for the company in a research note on Friday, October 25th. Finally, JPMorgan Chase & Co. began coverage on Coursera in a report on Monday, November 25th. They issued a “neutral” rating and a $8.00 target price for the company.

Coursera Stock Performance

NYSE:COUR opened at $8.26 on Wednesday. The firm has a 50-day moving average price of $7.57 and a two-hundred day moving average price of $7.63. The company has a market capitalization of $1.31 billion, a P/E ratio of -16.20 and a beta of 1.49. Coursera has a twelve month low of $6.29 and a twelve month high of $21.26.

Insider Buying and Selling

In other Coursera 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 value of $49,954.63. Following the sale, the director now directly owns 7,297,671 shares in the company, valued at $58,600,298.13. This trade represents a 0.09 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Alan B. Cardenas sold 6,102 shares of the company’s stock in a transaction dated 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. This represents a 3.05 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 13,885 shares of company stock worth $102,815 in the last quarter. 16.30% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Coursera

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. CWM LLC lifted its holdings in shares of Coursera by 7,568.6% during the 2nd quarter. CWM LLC now owns 3,911 shares of the company’s stock worth $28,000 after acquiring an additional 3,860 shares during the period. FMR LLC grew its stake in shares of Coursera by 67.6% in the 3rd 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 period. nVerses Capital LLC raised its holdings in shares of 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 buying an additional 1,800 shares in the last quarter. LGT Group Foundation bought a new stake in Coursera in the second quarter valued at $73,000. Finally, Quarry LP raised its stake in Coursera by 936.6% during the second quarter. Quarry LP now owns 10,356 shares of the company’s stock worth $74,000 after acquiring an additional 9,357 shares in the last quarter. 89.55% of the stock is currently owned by 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.