Coursera’s (COUR) “Buy” Rating Reiterated at Needham & Company LLC

Needham & Company LLC reiterated their buy rating on shares of Coursera (NYSE:COUR) in a report issued on Monday morning,Benzinga reports. They currently have a $11.00 target price on the stock.

Several other analysts also recently weighed in on the company. JPMorgan Chase & Co. assumed coverage on Coursera in a report on Monday, November 25th. They issued a “neutral” rating and a $8.00 price objective for the company. KeyCorp reduced their price target on shares of Coursera from $12.00 to $11.00 and set an “overweight” rating for the company in a report on Friday, October 25th. BMO Capital Markets dropped their price objective on shares of Coursera from $10.00 to $9.00 and set an “outperform” rating on the stock in a research note on Friday, October 25th. The Goldman Sachs Group reduced their price objective on shares of Coursera from $9.00 to $7.25 and set a “sell” rating for the company in a research note on Friday, October 25th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and set a $10.00 target price on shares of Coursera in a research report on Thursday, December 5th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, Coursera currently has a consensus rating of “Moderate Buy” and an average price target of $10.27.

Coursera Stock Up 0.3 %

COUR opened at $9.59 on Monday. Coursera has a 52 week low of $6.29 and a 52 week high of $20.72. The company has a market capitalization of $1.52 billion, a P/E ratio of -18.81 and a beta of 1.44. The stock’s fifty day moving average is $8.43 and its two-hundred day moving average is $7.99.

Insider Buying and Selling at Coursera

In other Coursera news, SVP Alan B. Cardenas sold 6,102 shares of the stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $6.83, for a total value of $41,676.66. Following the completion of the sale, the senior vice president now directly owns 194,082 shares in the company, valued at approximately $1,325,580.06. This trade represents a 3.05 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 16.30% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Coursera

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. State Street Corp raised its stake in Coursera by 2.2% in the third quarter. State Street Corp now owns 2,947,168 shares of the company’s stock valued at $23,401,000 after buying an additional 63,549 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Coursera by 7.3% in the third quarter. Geode Capital Management LLC now owns 2,922,953 shares of the company’s stock worth $23,214,000 after purchasing an additional 199,050 shares during the last quarter. Millennium Management LLC raised its stake in shares of Coursera by 67.0% in the second quarter. Millennium Management LLC now owns 2,800,912 shares of the company’s stock worth $20,055,000 after purchasing an additional 1,123,397 shares during the last quarter. Invenomic Capital Management LP raised its stake in shares of Coursera by 6.9% in the third quarter. Invenomic Capital Management LP now owns 2,690,363 shares of the company’s stock worth $21,361,000 after purchasing an additional 172,585 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of Coursera by 0.6% in the second quarter. Dimensional Fund Advisors LP now owns 2,655,040 shares of the company’s stock worth $19,007,000 after purchasing an additional 15,694 shares during the last quarter. 89.55% of the stock is currently owned by hedge funds and other institutional investors.

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.