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

Coursera, Inc. (NYSE:COUR) has received a consensus rating of “Moderate Buy” from the thirteen brokerages that are currently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, three have given a hold rating and nine have given a buy rating to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $10.52.

A number of brokerages have recently issued reports on COUR. The Goldman Sachs Group lowered their target price 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. Telsey Advisory Group reissued an “outperform” rating and issued a $18.00 price objective on shares of Coursera in a research report on Monday, October 21st. KeyCorp reduced their target price on shares of Coursera from $12.00 to $11.00 and set an “overweight” rating on the stock in a research report on Friday, October 25th. Bank of America initiated coverage on Coursera in a report on Thursday, September 19th. They issued a “buy” rating and a $11.00 price target for the company. Finally, Scotiabank started coverage on Coursera in a report on Thursday, December 5th. They set a “sector perform” rating and a $9.00 price objective on the stock.

Insider Buying and Selling at Coursera

In other Coursera news, SVP Alan B. Cardenas sold 6,102 shares of the firm’s 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 completion of the sale, 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 16.30% of the company’s stock.

Institutional Trading of Coursera

Several hedge funds and other institutional investors have recently made changes to their positions in the business. The Manufacturers Life Insurance Company increased its position in Coursera by 1.8% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 70,457 shares of the company’s stock valued at $504,000 after buying an additional 1,276 shares in the last quarter. Pitcairn Co. raised its position in shares of Coursera by 16.9% in the 3rd quarter. Pitcairn Co. now owns 13,655 shares of the company’s stock valued at $108,000 after purchasing an additional 1,971 shares during the last quarter. FMR LLC raised its position 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 last quarter. Harbor Capital Advisors Inc. grew its position in Coursera by 11.2% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 26,424 shares of the company’s stock worth $210,000 after purchasing an additional 2,658 shares during the last quarter. Finally, CWM LLC grew its position in Coursera by 82.3% during the 3rd quarter. CWM LLC now owns 7,128 shares of the company’s stock worth $57,000 after purchasing an additional 3,217 shares during the last quarter. Hedge funds and other institutional investors own 89.55% of the company’s stock.

Coursera Stock Performance

Shares of COUR stock opened at $8.53 on Friday. The stock has a 50 day moving average price of $7.86 and a 200 day moving average price of $7.77. The firm has a market capitalization of $1.35 billion, a P/E ratio of -16.73 and a beta of 1.49. Coursera has a 52-week low of $6.29 and a 52-week high of $20.73.

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.