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

Shares of Coursera, Inc. (NYSE:COUR) have been given a consensus recommendation of “Moderate Buy” by the thirteen analysts that are presently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have given a buy rating to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $10.27.

Several brokerages recently weighed in on COUR. Needham & Company LLC restated a “buy” rating and issued a $11.00 price target on shares of Coursera in a research report on Monday. Telsey Advisory Group restated an “outperform” rating and issued a $15.00 target price on shares of Coursera in a report on Tuesday. Morgan Stanley lowered their price target on shares of Coursera from $15.00 to $10.00 and set an “overweight” rating for the company in a report on Friday, October 25th. Royal Bank of Canada dropped their price target on Coursera from $18.00 to $10.00 and set an “outperform” rating for the company in a research report on Friday, October 25th. Finally, JPMorgan Chase & Co. started coverage on shares of Coursera in a research report on Monday, November 25th. They set a “neutral” rating and a $8.00 price objective on the stock.

Coursera Price Performance

NYSE:COUR opened at $9.59 on Thursday. The company has a market cap of $1.52 billion, a price-to-earnings ratio of -18.81 and a beta of 1.44. Coursera has a 1 year low of $6.29 and a 1 year high of $20.72. The stock’s 50 day simple moving average is $8.43 and its two-hundred day simple moving average is $7.99.

Insider Transactions at Coursera

In other Coursera news, SVP Alan B. Cardenas sold 6,102 shares of the stock in a transaction dated 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 directly owns 194,082 shares in the company, valued at approximately $1,325,580.06. This trade represents a 3.05 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 16.30% of the company’s stock.

Hedge Funds Weigh In On Coursera

Several hedge funds and other institutional investors have recently modified their holdings of COUR. FMR LLC grew its position in Coursera by 67.6% during the 3rd quarter. FMR LLC now owns 6,574 shares of the company’s stock worth $52,000 after purchasing an additional 2,651 shares during the last quarter. CWM LLC grew its holdings in shares of Coursera by 82.3% during the third quarter. CWM LLC now owns 7,128 shares of the company’s stock valued at $57,000 after buying an additional 3,217 shares during the last quarter. Quarry LP increased its position in shares of Coursera by 936.6% in the 2nd quarter. Quarry LP now owns 10,356 shares of the company’s stock valued at $74,000 after acquiring an additional 9,357 shares during the period. KBC Group NV raised its stake in Coursera by 90.7% in the 4th quarter. KBC Group NV now owns 9,203 shares of the company’s stock worth $78,000 after acquiring an additional 4,376 shares during the last quarter. Finally, Versor Investments LP acquired a new stake in Coursera during the 3rd quarter worth about $106,000. 89.55% of the stock is owned by hedge funds and other institutional investors.

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.