Janney Montgomery Scott LLC Purchases 16,724 Shares of Coursera, Inc. (NYSE:COUR)

Janney Montgomery Scott LLC increased its position in Coursera, Inc. (NYSE:COUR) by 15.9% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 121,845 shares of the company’s stock after acquiring an additional 16,724 shares during the period. Janney Montgomery Scott LLC owned about 0.08% of Coursera worth $1,036,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in COUR. The Manufacturers Life Insurance Company raised its holdings in shares of Coursera by 1.8% during the second quarter. The Manufacturers Life Insurance Company now owns 70,457 shares of the company’s stock valued at $504,000 after purchasing an additional 1,276 shares during the last quarter. Pitcairn Co. raised its stake in Coursera by 16.9% during the 3rd quarter. Pitcairn Co. now owns 13,655 shares of the company’s stock valued at $108,000 after buying an additional 1,971 shares during the last quarter. FMR LLC lifted its holdings in shares of Coursera by 67.6% during the 3rd quarter. FMR LLC now owns 6,574 shares of the company’s stock valued at $52,000 after buying an additional 2,651 shares during the period. Harbor Capital Advisors Inc. grew its holdings in shares of Coursera by 11.2% in the third quarter. Harbor Capital Advisors Inc. now owns 26,424 shares of the company’s stock worth $210,000 after acquiring an additional 2,658 shares during the period. Finally, CWM LLC increased its position in 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 acquiring an additional 3,217 shares during the last quarter. 89.55% of the stock is owned by institutional investors.

Insider Activity 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 shares were sold at an average price of $6.83, for a total transaction 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 $1,325,580.06. This represents a 3.05 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 15.90% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms have recently commented on COUR. Scotiabank started coverage on shares of Coursera in a research report on Thursday, December 5th. They set a “sector perform” rating and a $9.00 price target for the company. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $10.00 target price on shares of Coursera in a report on Thursday, December 5th. UBS Group lifted their price target on shares of Coursera from $7.50 to $8.50 and gave the stock a “neutral” rating in a research note on Friday, January 31st. 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 objective for the company. Finally, Morgan Stanley decreased their target price on Coursera from $15.00 to $10.00 and set an “overweight” rating on the stock in a 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 assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $10.13.

Coursera Price Performance

Coursera stock opened at $7.69 on Thursday. Coursera, Inc. has a 1 year low of $6.29 and a 1 year high of $18.25. The firm’s 50 day moving average price is $8.46 and its 200-day moving average price is $8.01. The stock has a market cap of $1.22 billion, a P/E ratio of -14.78 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.