Coursera (NYSE:COUR) Price Target Raised to $8.50

Coursera (NYSE:COUR) had its price target boosted by UBS Group from $7.50 to $8.50 in a report released on Friday,Benzinga reports. The brokerage currently has a neutral rating on the stock.

Other research analysts have also recently issued reports about the company. JPMorgan Chase & Co. assumed coverage on Coursera in a report on Monday, November 25th. They set a “neutral” rating and a $8.00 price objective for the company. KeyCorp lowered their target price on Coursera from $12.00 to $11.00 and set an “overweight” rating for the company in a research note on Friday, October 25th. Telsey Advisory Group reiterated an “outperform” rating and issued a $15.00 price objective on shares of Coursera in a research report on Tuesday, January 28th. Morgan Stanley lowered their price objective on Coursera from $15.00 to $10.00 and set an “overweight” rating for the company in a research report on Friday, October 25th. Finally, The Goldman Sachs Group decreased their target price on Coursera from $9.00 to $7.25 and set a “sell” rating for the company in a research report on Friday, October 25th. One research analyst has rated the stock with a sell rating, four have given a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $10.13.

Coursera Price Performance

Shares of COUR stock opened at $7.71 on Friday. The stock has a market cap of $1.22 billion, a P/E ratio of -15.11 and a beta of 1.44. Coursera has a one year low of $6.29 and a one year high of $20.56. The stock has a fifty day moving average price of $8.47 and a 200 day moving average price of $8.00.

Insider Activity

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 stock was 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 owns 194,082 shares of the company’s stock, valued at approximately $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 SEC, which is accessible through this hyperlink. Insiders own 16.30% of the company’s stock.

Institutional Investors Weigh In On Coursera

Several hedge funds and other institutional investors have recently modified their holdings of the company. New York State Common Retirement Fund increased its holdings in shares of Coursera by 6.4% during the fourth quarter. New York State Common Retirement Fund now owns 42,368 shares of the company’s stock valued at $360,000 after acquiring an additional 2,552 shares in the last quarter. New York State Teachers Retirement System purchased a new position in shares of Coursera during the fourth quarter valued at approximately $107,000. KBC Group NV boosted its position in shares of Coursera by 90.7% during the fourth quarter. KBC Group NV now owns 9,203 shares of the company’s stock valued at $78,000 after buying an additional 4,376 shares during the last quarter. Janney Montgomery Scott LLC boosted its position in shares of Coursera by 15.9% during the fourth quarter. Janney Montgomery Scott LLC now owns 121,845 shares of the company’s stock valued at $1,036,000 after buying an additional 16,724 shares during the last quarter. Finally, SG Americas Securities LLC boosted its position in shares of Coursera by 66.1% during the fourth quarter. SG Americas Securities LLC now owns 87,209 shares of the company’s stock valued at $741,000 after buying an additional 34,701 shares during the last quarter. Institutional investors own 89.55% of the company’s stock.

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.