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

Shares of Coursera, Inc. (NYSE:COUR) have received a consensus recommendation of “Moderate Buy” from the thirteen ratings firms that are presently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and nine have issued a buy rating on the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $10.52.

A number of research analysts have weighed in on the company. JPMorgan Chase & Co. started coverage on Coursera in a report on Monday, November 25th. They set a “neutral” rating and a $8.00 target price on the stock. Needham & Company LLC reduced their price objective on shares of Coursera from $15.00 to $11.00 and set a “buy” rating for the company in a research note on Friday, October 25th. Morgan Stanley decreased their price target on Coursera from $15.00 to $10.00 and set an “overweight” rating for the company in a research note on Friday, October 25th. Telsey Advisory Group restated an “outperform” rating and set a $18.00 price objective on shares of Coursera in a research report on Monday, October 21st. Finally, Cantor Fitzgerald reissued an “overweight” rating and issued a $10.00 target price on shares of Coursera in a research report on Thursday, December 5th.

Insider Activity

In other news, 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 transaction of $49,954.63. Following the completion of the transaction, the director now owns 7,297,671 shares in the company, valued at $58,600,298.13. This trade represents a 0.09 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Alan B. Cardenas sold 6,102 shares of the stock in a transaction that occurred 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 transaction, the senior vice president now owns 194,082 shares of the company’s stock, valued at $1,325,580.06. This represents a 3.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 13,885 shares of company stock worth $102,815 over the last ninety days. Corporate insiders own 16.30% of the company’s stock.

Hedge Funds Weigh In On Coursera

Several large investors have recently modified their holdings of the stock. State Street Corp boosted its holdings in Coursera by 2.2% during the 3rd quarter. State Street Corp now owns 2,947,168 shares of the company’s stock valued at $23,401,000 after acquiring an additional 63,549 shares during the period. Geode Capital Management LLC raised its stake in shares of Coursera by 7.3% during the 3rd quarter. Geode Capital Management LLC now owns 2,922,953 shares of the company’s stock worth $23,214,000 after acquiring an additional 199,050 shares in the last quarter. Millennium Management LLC lifted its holdings in shares of Coursera by 67.0% during the 2nd quarter. Millennium Management LLC now owns 2,800,912 shares of the company’s stock valued at $20,055,000 after purchasing an additional 1,123,397 shares during the last quarter. Invenomic Capital Management LP boosted its holdings in 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 acquiring an additional 172,585 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its position in Coursera by 0.6% during the 2nd 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. Institutional investors own 89.55% of the company’s stock.

Coursera Stock Performance

Shares of COUR stock opened at $8.50 on Wednesday. The business’s 50 day moving average price is $7.53 and its 200-day moving average price is $7.61. The firm has a market cap of $1.35 billion, a P/E ratio of -16.66 and a beta of 1.49. Coursera has a fifty-two week low of $6.29 and a fifty-two week high of $21.26.

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.