Cantor Fitzgerald Reaffirms “Overweight” Rating for Coursera (NYSE:COUR)

Coursera (NYSE:COUR)‘s stock had its “overweight” rating reiterated by stock analysts at Cantor Fitzgerald in a research note issued on Thursday,Benzinga reports. They currently have a $10.00 target price on the stock. Cantor Fitzgerald’s target price indicates a potential upside of 21.29% from the stock’s previous close.

A number of other brokerages also recently commented on COUR. JPMorgan Chase & Co. initiated coverage on shares of Coursera in a research report on Monday, November 25th. They issued a “neutral” rating and a $8.00 price objective for the company. Royal Bank of Canada cut their price target on shares of Coursera from $18.00 to $10.00 and set an “outperform” rating for the company in a report on Friday, October 25th. Morgan Stanley decreased their price objective on shares of Coursera from $15.00 to $10.00 and set an “overweight” rating on the stock in a report on Friday, October 25th. Telsey Advisory Group reiterated an “outperform” rating and set a $18.00 price target on shares of Coursera in a research report on Monday, October 21st. Finally, BMO Capital Markets decreased their target price on Coursera from $10.00 to $9.00 and set an “outperform” rating on the stock in a research report on Friday, October 25th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $10.52.

Coursera Stock Down 1.5 %

NYSE COUR opened at $8.25 on Thursday. The business’s 50-day moving average price is $7.50 and its 200 day moving average price is $7.61. Coursera has a 52-week low of $6.29 and a 52-week high of $21.26. The firm has a market cap of $1.31 billion, a P/E ratio of -16.41 and a beta of 1.49.

Insider Buying and Selling at Coursera

In other news, SVP Alan B. Cardenas sold 6,102 shares of the company’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 directly owns 194,082 shares in the company, valued at $1,325,580.06. This represents a 3.05 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Andrew Y. Ng sold 6,221 shares of the firm’s stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $8.03, for a total value of $49,954.63. Following the completion of the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 13,885 shares of company stock worth $102,815. Corporate insiders own 16.30% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. CWM LLC boosted its stake in shares of Coursera by 7,568.6% in the second quarter. CWM LLC now owns 3,911 shares of the company’s stock valued at $28,000 after purchasing an additional 3,860 shares during the period. FMR LLC raised its position in shares of Coursera by 67.6% during 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 in the last quarter. nVerses Capital LLC boosted its holdings in Coursera by 26.1% in the second quarter. nVerses Capital LLC now owns 8,700 shares of the company’s stock worth $62,000 after purchasing an additional 1,800 shares during the period. LGT Group Foundation bought a new stake in Coursera during the second quarter valued at $73,000. Finally, Quarry LP increased its stake in Coursera by 936.6% during the second 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 last quarter. Hedge funds and other institutional investors own 89.55% of the company’s stock.

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.