Needham & Company LLC Reiterates Buy Rating for Coursera (NYSE:COUR)

Coursera (NYSE:COUR)‘s stock had its “buy” rating reiterated by equities researchers at Needham & Company LLC in a research note issued to investors on Monday,Benzinga reports. They currently have a $11.00 target price on the stock. Needham & Company LLC’s price objective suggests a potential upside of 27.24% from the stock’s previous close.

A number of other equities research analysts have also issued reports on the company. Royal Bank of Canada lowered their target price on Coursera from $18.00 to $10.00 and set an “outperform” rating for the company in a research note on Friday, October 25th. BMO Capital Markets cut their price target on Coursera from $10.00 to $9.00 and set an “outperform” rating on the stock in a research note on Friday, October 25th. Morgan Stanley lowered their price objective on Coursera from $15.00 to $10.00 and set an “overweight” rating for the company in a research note on Friday, October 25th. Cantor Fitzgerald reiterated an “overweight” rating and set a $10.00 target price on shares of Coursera in a research note on Thursday, December 5th. Finally, KeyCorp decreased their price target on shares of Coursera from $12.00 to $11.00 and set an “overweight” rating for the company in a research report on Friday, October 25th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $10.52.

Coursera Price Performance

Coursera stock opened at $8.65 on Monday. The company has a market cap of $1.37 billion, a price-to-earnings ratio of -16.95 and a beta of 1.44. Coursera has a 12 month low of $6.29 and a 12 month high of $20.73. The stock’s 50-day moving average is $8.26 and its 200-day moving average is $7.94.

Insider Activity

In other news, SVP Alan B. Cardenas sold 6,102 shares of the business’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $6.83, for a total value of $41,676.66. Following the sale, the senior vice president now owns 194,082 shares of the company’s stock, valued at approximately $1,325,580.06. The trade was a 3.05 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 16.30% of the company’s stock.

Hedge Funds Weigh In On Coursera

Several hedge funds have recently made changes to their positions in the business. Dimensional Fund Advisors LP lifted its holdings in shares of Coursera by 0.6% during the second quarter. Dimensional Fund Advisors LP now owns 2,655,040 shares of the company’s stock valued at $19,007,000 after purchasing an additional 15,694 shares during the last quarter. Sei Investments Co. raised its holdings in shares of Coursera by 85.9% during the second quarter. Sei Investments Co. now owns 305,065 shares of the company’s stock valued at $2,184,000 after acquiring an additional 140,978 shares during the period. AQR Capital Management LLC raised its holdings in shares of Coursera by 20.3% during the second quarter. AQR Capital Management LLC now owns 174,976 shares of the company’s stock valued at $1,253,000 after acquiring an additional 29,528 shares during the period. Millennium Management LLC lifted its position in shares of Coursera by 67.0% in the 2nd quarter. Millennium Management LLC now owns 2,800,912 shares of the company’s stock valued at $20,055,000 after acquiring an additional 1,123,397 shares in the last quarter. Finally, The Manufacturers Life Insurance Company boosted its stake in Coursera by 1.8% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 70,457 shares of the company’s stock worth $504,000 after purchasing an additional 1,276 shares during the period. 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.