Coursera (NYSE:COUR) Sees Large Volume Increase on Analyst Upgrade

Coursera, Inc. (NYSE:COUR) saw unusually-high trading volume on Monday after UBS Group raised their price target on the stock from $7.50 to $8.50. UBS Group currently has a neutral rating on the stock. Approximately 1,438,326 shares changed hands during mid-day trading, a decline of 15% from the previous session’s volume of 1,690,051 shares.The stock last traded at $7.82 and had previously closed at $7.71.

COUR has been the topic of a number of other reports. Telsey Advisory Group reiterated an “outperform” rating and set a $15.00 price target on shares of Coursera in a research note on Tuesday, January 28th. 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 report on Friday, October 25th. 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. The Goldman Sachs Group reduced 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. Finally, Morgan Stanley reduced their price objective on shares of Coursera from $15.00 to $10.00 and set an “overweight” rating for the company in a research report on Friday, October 25th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $10.13.

Insider Activity at Coursera

In other news, SVP Alan B. Cardenas sold 6,102 shares of the stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $6.83, for a total transaction of $41,676.66. Following the transaction, the senior vice president now directly owns 194,082 shares in the company, valued at $1,325,580.06. This represents a 3.05 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 15.90% of the company’s stock.

Institutional Trading of Coursera

Institutional investors and hedge funds have recently bought and sold shares of the business. Algert Global LLC boosted its position in shares of Coursera by 17.7% in the third quarter. Algert Global LLC now owns 475,496 shares of the company’s stock worth $3,775,000 after buying an additional 71,382 shares during the period. Assenagon Asset Management S.A. lifted its position in Coursera by 6.3% during the 3rd quarter. Assenagon Asset Management S.A. now owns 1,413,641 shares of the company’s stock worth $11,224,000 after acquiring an additional 83,369 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Coursera by 7.3% in the 3rd quarter. Geode Capital Management LLC now owns 2,922,953 shares of the company’s stock worth $23,214,000 after acquiring an additional 199,050 shares during the period. Connor Clark & Lunn Investment Management Ltd. purchased a new position in Coursera in the 3rd quarter worth approximately $3,090,000. Finally, Franklin Resources Inc. acquired a new stake in Coursera in the third quarter valued at approximately $1,651,000. Institutional investors and hedge funds own 89.55% of the company’s stock.

Coursera Stock Up 1.4 %

The business’s 50 day moving average price is $8.47 and its 200-day moving average price is $8.01. The company has a market cap of $1.24 billion, a PE ratio of -15.03 and a beta of 1.42.

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.