Coursera, Inc. (NYSE:COUR) Receives $10.27 Consensus PT from Analysts

Coursera, Inc. (NYSE:COUR) has been assigned a consensus rating of “Moderate Buy” from the thirteen brokerages that are presently covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have issued a buy rating on the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $10.13.

Several equities research analysts have recently commented on COUR shares. Royal Bank of Canada restated an “outperform” rating and issued a $10.00 price target on shares of Coursera in a report on Friday. Needham & Company LLC restated a “buy” rating and issued a $11.00 price target on shares of Coursera in a report on Monday, January 27th. Morgan Stanley reduced their price target on shares of Coursera from $15.00 to $10.00 and set an “overweight” rating for the company in a report on Friday, October 25th. 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. Finally, Telsey Advisory Group restated an “outperform” rating and issued a $15.00 price target on shares of Coursera in a report on Tuesday, January 28th.

Insiders Place Their Bets

In other news, SVP Alan B. Cardenas sold 6,102 shares of the company’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $6.83, for a total value of $41,676.66. Following the sale, the senior vice president now directly owns 194,082 shares of the company’s stock, valued at $1,325,580.06. This represents a 3.05 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 15.90% of the stock is owned by insiders.

Institutional Trading of Coursera

Several large investors have recently made changes to their positions in the business. FMR LLC lifted its stake in shares of Coursera by 67.6% in the 3rd quarter. FMR LLC now owns 6,574 shares of the company’s stock valued at $52,000 after purchasing an additional 2,651 shares during the period. CWM LLC lifted its stake in shares of Coursera by 82.3% in the 3rd quarter. CWM LLC now owns 7,128 shares of the company’s stock valued at $57,000 after purchasing an additional 3,217 shares during the period. Quarry LP lifted its stake in shares of Coursera by 936.6% in the 2nd quarter. Quarry LP now owns 10,356 shares of the company’s stock valued at $74,000 after purchasing an additional 9,357 shares during the period. KBC Group NV lifted its stake in shares of Coursera by 90.7% in the 4th quarter. KBC Group NV now owns 9,203 shares of the company’s stock valued at $78,000 after purchasing an additional 4,376 shares during the period. Finally, Versor Investments LP acquired a new position in shares of Coursera in the 3rd quarter valued at $106,000. 89.55% of the stock is owned by hedge funds and other institutional investors.

Coursera Price Performance

Shares of COUR opened at $7.82 on Thursday. Coursera has a 1-year low of $6.29 and a 1-year high of $18.25. The company has a 50-day moving average of $8.47 and a 200 day moving average of $8.01. The firm has a market capitalization of $1.24 billion, a price-to-earnings ratio of -15.03 and a beta of 1.42.

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.