Brokerages Set Coursera, Inc. (NYSE:COUR) Target Price at $10.13

Coursera, Inc. (NYSE:COUR) has earned an average recommendation of “Moderate Buy” from the thirteen brokerages that are presently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and eight have assigned a buy recommendation to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $10.13.

Several equities research analysts have recently issued reports on the company. JPMorgan Chase & Co. assumed coverage on Coursera in a research report on Monday, November 25th. They issued a “neutral” rating and a $8.00 price target on the stock. Needham & Company LLC reaffirmed a “buy” rating and issued a $11.00 price target on shares of Coursera in a research report on Monday, January 27th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $10.00 price target on shares of Coursera in a research report on Thursday, December 5th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $15.00 price target on shares of Coursera in a research report on Tuesday, January 28th. Finally, UBS Group raised their price target on Coursera from $7.50 to $8.50 and gave the company a “neutral” rating in a research report on Friday, January 31st.

Coursera Price Performance

Coursera stock opened at $7.13 on Friday. The company has a market capitalization of $1.14 billion, a price-to-earnings ratio of -13.70 and a beta of 1.40. Coursera has a one year low of $6.29 and a one year high of $14.32. The company’s fifty day moving average price is $8.00 and its two-hundred day moving average price is $7.89.

Insider Activity at Coursera

In other Coursera news, SVP Alan B. Cardenas sold 5,613 shares of the firm’s stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $8.26, for a total transaction of $46,363.38. Following the completion of the transaction, the senior vice president now owns 180,413 shares in the company, valued at $1,490,211.38. This trade represents a 3.02 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 16.30% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in COUR. State of Wyoming lifted its stake in Coursera by 959.1% during the fourth quarter. State of Wyoming now owns 3,887 shares of the company’s stock worth $33,000 after purchasing an additional 3,520 shares during the period. SBI Securities Co. Ltd. bought a new position in Coursera during the fourth quarter worth about $35,000. FMR LLC lifted its stake in Coursera by 67.6% during the third quarter. FMR LLC now owns 6,574 shares of the company’s stock worth $52,000 after purchasing an additional 2,651 shares during the period. KBC Group NV lifted its stake in 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 during the period. Finally, Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Coursera during the fourth quarter worth approximately $86,000. 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.