Coursera’s (COUR) “Outperform” Rating Reiterated at Royal Bank of Canada

Royal Bank of Canada reaffirmed their outperform rating on shares of Coursera (NYSE:COUR) in a report released on Friday morning,Benzinga reports. They currently have a $10.00 price target on the stock.

COUR has been the topic of several other research reports. The Goldman Sachs Group reduced their target price on shares of Coursera from $9.00 to $7.25 and set a “sell” rating on the stock in a research note on Friday, October 25th. BMO Capital Markets lowered their price objective on shares of Coursera from $10.00 to $9.00 and set an “outperform” rating on the stock in a report on Friday, October 25th. Cantor Fitzgerald restated an “overweight” rating and set a $10.00 target price on shares of Coursera in a report on Thursday, December 5th. Scotiabank assumed coverage on shares of Coursera in a research report on Thursday, December 5th. They set a “sector perform” rating and a $9.00 price objective for the company. Finally, KeyCorp reduced their target price on shares of Coursera from $12.00 to $11.00 and set an “overweight” 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 issued a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, Coursera presently has an average rating of “Moderate Buy” and an average target price of $10.13.

Coursera Stock Down 8.9 %

COUR stock opened at $7.71 on Friday. The firm has a 50 day moving average of $8.47 and a two-hundred day moving average of $8.00. The company has a market capitalization of $1.22 billion, a price-to-earnings ratio of -15.11 and a beta of 1.44. Coursera has a 12 month low of $6.29 and a 12 month high of $20.56.

Insider Buying and Selling at Coursera

In related news, SVP Alan B. Cardenas sold 6,102 shares of the company’s stock in a transaction 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 transaction, the senior vice president now owns 194,082 shares of the company’s stock, valued at approximately $1,325,580.06. This represents a 3.05 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 16.30% of the company’s stock.

Institutional Trading of Coursera

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. FMR LLC increased its position in shares of Coursera by 67.6% during the third quarter. FMR LLC now owns 6,574 shares of the company’s stock worth $52,000 after acquiring an additional 2,651 shares during the period. CWM LLC boosted its stake 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 purchasing an additional 3,217 shares in the last quarter. Quarry LP boosted its stake in shares of Coursera by 936.6% during the second quarter. Quarry LP now owns 10,356 shares of the company’s stock valued at $74,000 after purchasing an additional 9,357 shares in the last quarter. KBC Group NV boosted its stake 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 purchasing an additional 4,376 shares in the last quarter. Finally, Versor Investments LP bought a new position in shares of Coursera during the third quarter valued at approximately $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.