Coursera (NYSE:COUR) Sees Large Volume Increase – Time to Buy?

Shares of Coursera, Inc. (NYSE:COUR) saw unusually-high trading volume on Monday . Approximately 8,975,964 shares traded hands during trading, an increase of 294% from the previous session’s volume of 2,277,034 shares.The stock last traded at $7.38 and had previously closed at $7.11.

Analyst Ratings Changes

COUR has been the subject of a number of research analyst reports. KeyCorp reduced their target price on Coursera from $12.00 to $11.00 and set an “overweight” rating for the company in a report on Friday, October 25th. Telsey Advisory Group reiterated an “outperform” rating and issued a $18.00 price objective on shares of Coursera in a report on Monday, October 21st. Royal Bank of Canada lowered their price objective on shares of Coursera from $18.00 to $10.00 and set an “outperform” rating on the stock in a research report on Friday, October 25th. Needham & Company LLC reduced their price objective on Coursera from $15.00 to $11.00 and set a “buy” rating for the company in a research report on Friday, October 25th. Finally, Morgan Stanley lowered their target price on Coursera from $15.00 to $10.00 and set an “overweight” rating on the stock in a report on Friday, October 25th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $10.66.

Coursera Stock Performance

The company has a 50 day moving average of $7.46 and a two-hundred day moving average of $7.62. The stock has a market capitalization of $1.30 billion, a PE ratio of -16.08 and a beta of 1.44.

Insider Buying and Selling

In other news, SVP Alan B. Cardenas sold 6,102 shares of the stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $6.83, for a total transaction of $41,676.66. Following the transaction, the senior vice president now owns 194,082 shares in the company, valued at $1,325,580.06. This trade represents a 3.05 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Andrew Y. Ng sold 6,221 shares of Coursera stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $8.03, for a total transaction of $49,954.63. Following the completion of the sale, the director now owns 7,297,671 shares in the company, valued at approximately $58,600,298.13. This trade represents a 0.09 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 13,885 shares of company stock valued at $102,815 over the last quarter. 15.90% of the stock is currently owned by company insiders.

Institutional Trading of Coursera

Hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. boosted its position in shares of Coursera by 2.3% during the 1st quarter. Vanguard Group Inc. now owns 11,405,792 shares of the company’s stock worth $159,909,000 after purchasing an additional 254,108 shares during the period. Quadrature Capital Ltd acquired a new stake in shares of Coursera during the first quarter worth about $635,000. Price T Rowe Associates Inc. MD boosted its stake in shares of Coursera by 7.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 73,605 shares of the company’s stock valued at $1,032,000 after purchasing an additional 5,180 shares during the period. Teachers Retirement System of The State of Kentucky boosted its stake in shares of Coursera by 4.0% in the first quarter. Teachers Retirement System of The State of Kentucky now owns 317,776 shares of the company’s stock valued at $4,455,000 after purchasing an additional 12,238 shares during the period. Finally, Quent Capital LLC grew its holdings in shares of Coursera by 25.0% in the second quarter. Quent Capital LLC now owns 25,000 shares of the company’s stock valued at $179,000 after purchasing an additional 5,000 shares in the last quarter. 89.55% of the stock is owned by institutional investors and hedge funds.

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.