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

Coursera, Inc. (NYSE:COUR) has received a consensus recommendation of “Moderate Buy” from the thirteen ratings firms that are covering the firm, MarketBeat reports. One analyst has rated the stock with a sell rating, three have issued a hold rating and nine have assigned a buy rating to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $10.52.

Several equities analysts recently issued reports on the stock. Bank of America assumed coverage on shares of Coursera in a report on Thursday, September 19th. They set a “buy” rating and a $11.00 price target for the company. KeyCorp cut their target price on shares of Coursera from $12.00 to $11.00 and set an “overweight” rating for the company in a research note on Friday, October 25th. The Goldman Sachs Group decreased their price target on Coursera from $9.00 to $7.25 and set a “sell” rating on the stock in a research report on Friday, October 25th. JPMorgan Chase & Co. initiated coverage on Coursera in a research report on Monday, November 25th. They issued a “neutral” rating and a $8.00 price objective for the company. Finally, Telsey Advisory Group restated an “outperform” rating and set a $18.00 target price on shares of Coursera in a report on Monday, October 21st.

Insiders Place Their Bets

In other news, SVP Alan B. Cardenas sold 6,102 shares of the firm’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 transaction, the senior vice president now directly owns 194,082 shares in the company, valued at $1,325,580.06. This trade represents a 3.05 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 16.30% of the company’s stock.

Hedge Funds Weigh In On Coursera

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. FMR LLC increased 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 acquiring an additional 2,651 shares during the last quarter. CWM LLC increased its stake in Coursera by 82.3% in the third quarter. CWM LLC now owns 7,128 shares of the company’s stock valued at $57,000 after purchasing an additional 3,217 shares in the last quarter. LGT Group Foundation acquired a new stake in Coursera in the second quarter worth $73,000. Quarry LP boosted its position in shares of Coursera by 936.6% during the second quarter. Quarry LP now owns 10,356 shares of the company’s stock worth $74,000 after purchasing an additional 9,357 shares in the last quarter. Finally, Versor Investments LP acquired a new position in shares of Coursera in the 3rd quarter valued at $106,000. Institutional investors own 89.55% of the company’s stock.

Coursera Price Performance

Coursera stock opened at $8.56 on Friday. The firm has a market capitalization of $1.36 billion, a P/E ratio of -16.78 and a beta of 1.44. The stock has a fifty day moving average price of $7.99 and a two-hundred day moving average price of $7.81. Coursera has a 52-week low of $6.29 and a 52-week high of $20.73.

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.