Stock Traders Purchase High Volume of Call Options on Coursera (NYSE:COUR)

Coursera, Inc. (NYSE:COUR) was the target of some unusual options trading activity on Tuesday. Stock traders acquired 4,026 call options on the company. This represents an increase of approximately 374% compared to the average volume of 849 call options.

Analyst Ratings Changes

A number of research firms have recently commented on COUR. Royal Bank of Canada reissued an “outperform” rating and issued a $10.00 price target on shares of Coursera in a research report on Friday, January 31st. Bank of America reiterated an “underperform” rating and issued a $7.00 target price on shares of Coursera in a report on Thursday, March 27th. JPMorgan Chase & Co. decreased their price target on shares of Coursera from $8.00 to $7.00 and set a “neutral” rating for the company in a report on Tuesday. Needham & Company LLC reiterated a “buy” rating and issued a $11.00 price objective on shares of Coursera in a research note on Monday, January 27th. Finally, Telsey Advisory Group reissued an “outperform” rating and set a $15.00 price objective on shares of Coursera in a research report on Tuesday, January 28th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $9.75.

Coursera Trading Up 13.1 %

Shares of NYSE:COUR opened at $6.98 on Thursday. The business’s 50 day moving average is $7.42 and its 200-day moving average is $7.78. The firm has a market capitalization of $1.12 billion, a PE ratio of -13.42 and a beta of 1.42. Coursera has a 1-year low of $5.76 and a 1-year high of $13.39.

Insider Activity

In other news, SVP Alan B. Cardenas sold 5,613 shares of the stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $8.26, for a total transaction of $46,363.38. Following the transaction, the senior vice president now owns 180,413 shares of the company’s stock, valued at approximately $1,490,211.38. This represents a 3.02 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 16.30% of the stock is owned by insiders.

Institutional Investors Weigh In On Coursera

A number of institutional investors have recently bought and sold shares of COUR. State of Wyoming lifted its holdings in shares of Coursera by 959.1% during the 4th quarter. State of Wyoming now owns 3,887 shares of the company’s stock worth $33,000 after acquiring 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 boosted its holdings in Coursera by 67.6% during 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 in the last quarter. KBC Group NV boosted its holdings in Coursera by 90.7% during the fourth quarter. KBC Group NV now owns 9,203 shares of the company’s stock valued at $78,000 after purchasing an additional 4,376 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC bought a new stake in shares of Coursera in the 4th quarter valued at approximately $86,000. Institutional investors and hedge funds 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.