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

Shares of Coursera, Inc. (NYSE:COUR) have earned an average recommendation of “Moderate Buy” from the thirteen research firms that are covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and eight have assigned a buy rating to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $10.13.

A number of equities research analysts have commented on COUR shares. Royal Bank of Canada reiterated an “outperform” rating and issued a $10.00 price target on shares of Coursera in a research report on Friday, January 31st. Telsey Advisory Group reiterated an “outperform” rating and issued a $15.00 price target on shares of Coursera in a report on Tuesday, January 28th. Needham & Company LLC restated a “buy” rating and set a $11.00 price target on shares of Coursera in a research note on Monday, January 27th. Scotiabank began coverage on Coursera in a research note on Thursday, December 5th. They issued a “sector perform” rating and a $9.00 price objective for the company. Finally, JPMorgan Chase & Co. initiated coverage on shares of Coursera in a research report on Monday, November 25th. They set a “neutral” rating and a $8.00 price target on the stock.

Coursera Trading Down 1.3 %

NYSE COUR opened at $7.12 on Friday. Coursera has a 1 year low of $6.29 and a 1 year high of $14.63. The firm’s 50 day simple moving average is $8.03 and its 200 day simple moving average is $7.90. The firm has a market capitalization of $1.14 billion, a price-to-earnings ratio of -13.68 and a beta of 1.40.

Insider Buying and Selling at Coursera

In other Coursera news, SVP Alan B. Cardenas sold 5,613 shares of Coursera stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $8.26, for a total transaction of $46,363.38. Following the completion of the sale, the senior vice president now directly owns 180,413 shares of the company’s stock, valued at $1,490,211.38. The trade was a 3.02 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 16.30% of the company’s stock.

Institutional Trading of Coursera

A number of institutional investors and hedge funds have recently added to or reduced their stakes in COUR. State of Wyoming increased its holdings in shares of Coursera by 959.1% in the fourth quarter. State of Wyoming now owns 3,887 shares of the company’s stock valued at $33,000 after purchasing an additional 3,520 shares during the last quarter. SBI Securities Co. Ltd. purchased a new stake in Coursera during the fourth quarter worth approximately $35,000. FMR LLC increased its stake in Coursera by 67.6% in the third 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. KBC Group NV increased its stake in Coursera by 90.7% in the fourth quarter. KBC Group NV now owns 9,203 shares of the company’s stock valued at $78,000 after purchasing an additional 4,376 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC purchased a new position in shares of Coursera in the 4th quarter valued at $86,000. Institutional investors and hedge funds 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.