KeyCorp Boosts Coursera (NYSE:COUR) Price Target to $24.00

Coursera (NYSE:COURFree Report) had its price objective boosted by KeyCorp from $22.00 to $24.00 in a research report sent to investors on Friday morning, Benzinga reports. They currently have an overweight rating on the stock.

A number of other equities analysts have also commented on COUR. Telsey Advisory Group boosted their price objective on shares of Coursera from $24.00 to $25.00 and gave the stock an outperform rating in a report on Friday. The Goldman Sachs Group lowered shares of Coursera from a neutral rating to a sell rating and cut their price objective for the stock from $18.00 to $14.00 in a report on Friday, January 19th. UBS Group boosted their price objective on shares of Coursera from $15.00 to $19.00 and gave the stock a neutral rating in a report on Friday, October 27th. Needham & Company LLC boosted their price objective on shares of Coursera from $21.00 to $23.00 and gave the stock a buy rating in a report on Friday. Finally, Cantor Fitzgerald boosted their price objective on shares of Coursera from $22.00 to $26.00 and gave the stock an overweight rating in a report on Friday. One research analyst has rated the stock with a sell rating, two have issued a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and an average target price of $22.82.

View Our Latest Stock Report on COUR

Coursera Price Performance

Coursera stock opened at $17.62 on Friday. Coursera has a 12-month low of $9.91 and a 12-month high of $21.26. The company has a market capitalization of $2.69 billion, a price-to-earnings ratio of -22.88 and a beta of 1.62. The firm’s fifty day moving average price is $19.63 and its 200 day moving average price is $18.23.

Insider Activity

In other news, CEO Jeffrey Nacey Maggioncalda sold 50,000 shares of the company’s stock in a transaction dated Thursday, November 9th. The shares were sold at an average price of $18.65, for a total value of $932,500.00. Following the sale, the chief executive officer now owns 2,646,854 shares in the company, valued at approximately $49,363,827.10. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, COO Shravan Goli sold 2,500 shares of the business’s stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of $19.71, for a total transaction of $49,275.00. Following the completion of the sale, the chief operating officer now owns 881,404 shares of the company’s stock, valued at approximately $17,372,472.84. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Jeffrey Nacey Maggioncalda sold 50,000 shares of the business’s stock in a transaction dated Thursday, November 9th. The shares were sold at an average price of $18.65, for a total transaction of $932,500.00. Following the sale, the chief executive officer now directly owns 2,646,854 shares of the company’s stock, valued at approximately $49,363,827.10. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,248,990 shares of company stock worth $24,812,399. 16.30% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Coursera

Institutional investors have recently modified their holdings of the business. Point72 Hong Kong Ltd bought a new stake in shares of Coursera during the 2nd quarter valued at about $31,000. FMR LLC lifted its stake in shares of Coursera by 187.5% in the 2nd quarter. FMR LLC now owns 2,366 shares of the company’s stock worth $34,000 after acquiring an additional 1,543 shares during the period. DekaBank Deutsche Girozentrale acquired a new stake in shares of Coursera in the 3rd quarter worth approximately $38,000. Point72 Middle East FZE acquired a new stake in shares of Coursera in the 4th quarter worth approximately $46,000. Finally, Daiwa Securities Group Inc. lifted its stake in shares of Coursera by 108.2% in the 2nd quarter. Daiwa Securities Group Inc. now owns 4,810 shares of the company’s stock worth $63,000 after acquiring an additional 2,500 shares during the period. Institutional investors own 64.36% of the company’s stock.

Coursera Company Profile

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Coursera, Inc operates an online educational content platform that connects learners, educators, organizations, and institutions. It offers online courses that include data science, business, computer science, physical science and engineering, language learning, information technology, health, social sciences, math and logic, project management, and arts and humanities; campus student plans; degree courses; and certification education.

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Analyst Recommendations for Coursera (NYSE:COUR)

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