Coursera, Inc. (NYSE:COUR) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Coursera, Inc. (NYSE:COUR) have been assigned a consensus rating of “Moderate Buy” from the thirteen brokerages that are currently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and nine have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $10.52.

A number of research analysts recently commented on the stock. JPMorgan Chase & Co. assumed coverage on shares of Coursera in a research report on Monday, November 25th. They set a “neutral” rating and a $8.00 price objective on the stock. Scotiabank assumed coverage on shares of Coursera in a research report on Thursday, December 5th. They set a “sector perform” rating and a $9.00 price objective on the stock. Telsey Advisory Group reaffirmed an “outperform” rating and set a $18.00 price objective on shares of Coursera in a research report on Monday, October 21st. BMO Capital Markets decreased their target price on shares of Coursera from $10.00 to $9.00 and set an “outperform” rating for the company in a research report on Friday, October 25th. Finally, Royal Bank of Canada decreased their target price on shares of Coursera from $18.00 to $10.00 and set an “outperform” rating for the company in a research report on Friday, October 25th.

Coursera Stock Performance

Shares of COUR opened at $8.26 on Wednesday. The company’s 50 day moving average price is $7.57 and its 200 day moving average price is $7.63. Coursera has a 52 week low of $6.29 and a 52 week high of $21.26. The company has a market capitalization of $1.31 billion, a PE ratio of -16.20 and a beta of 1.49.

Insider Transactions at Coursera

In other news, Director Andrew Y. Ng sold 6,221 shares of the business’s stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $8.03, for a total value of $49,954.63. Following the completion of the sale, the director now directly owns 7,297,671 shares in the company, valued at approximately $58,600,298.13. The trade was a 0.09 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 transaction of $41,676.66. Following the completion of the sale, the senior vice president now owns 194,082 shares of the company’s stock, valued at $1,325,580.06. The trade was a 3.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 13,885 shares of company stock worth $102,815. 16.30% of the stock is owned by insiders.

Hedge Funds Weigh In On Coursera

Several large investors have recently bought and sold shares of the stock. Franklin Resources Inc. acquired a new position in Coursera during the 3rd quarter valued at $1,651,000. Geode Capital Management LLC raised its stake in Coursera by 7.3% during the 3rd quarter. Geode Capital Management LLC now owns 2,922,953 shares of the company’s stock valued at $23,214,000 after purchasing an additional 199,050 shares during the last quarter. Barclays PLC raised its stake in Coursera by 24.4% during the 3rd quarter. Barclays PLC now owns 962,122 shares of the company’s stock valued at $7,640,000 after purchasing an additional 188,911 shares during the last quarter. XTX Topco Ltd raised its stake in Coursera by 19.0% during the 3rd quarter. XTX Topco Ltd now owns 99,474 shares of the company’s stock valued at $790,000 after purchasing an additional 15,891 shares during the last quarter. Finally, Zacks Investment Management raised its stake in Coursera by 9.6% during the 3rd quarter. Zacks Investment Management now owns 83,448 shares of the company’s stock valued at $663,000 after purchasing an additional 7,334 shares during the last quarter. 89.55% of the stock is currently owned by institutional investors and hedge funds.

Coursera Company Profile

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.