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

Shares of Coursera, Inc. (NYSE:COUR) have received an average recommendation of “Moderate Buy” from the thirteen brokerages that are currently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and eight have given a buy rating to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $10.13.

Several research analysts have issued reports on the company. Scotiabank assumed coverage on Coursera in a report on Thursday, December 5th. They set a “sector perform” rating and a $9.00 price objective on the stock. JPMorgan Chase & Co. assumed coverage on Coursera in a report on Monday, November 25th. They set a “neutral” rating and a $8.00 price objective on the stock. UBS Group upped their price objective on Coursera from $7.50 to $8.50 and gave the stock a “neutral” rating in a report on Friday, January 31st. Royal Bank of Canada reaffirmed an “outperform” rating and set a $10.00 price objective on shares of Coursera in a report on Friday, January 31st. Finally, Needham & Company LLC reissued a “buy” rating and issued a $11.00 price target on shares of Coursera in a research note on Monday, January 27th.

Coursera Stock Performance

NYSE:COUR opened at $8.04 on Monday. The stock’s fifty day moving average price is $8.43 and its two-hundred day moving average price is $7.99. Coursera has a 52-week low of $6.29 and a 52-week high of $16.74. The company has a market cap of $1.27 billion, a price-to-earnings ratio of -15.45 and a beta of 1.42.

Insider Activity at Coursera

In related news, SVP Alan B. Cardenas sold 5,613 shares of the company’s stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $8.26, for a total value of $46,363.38. Following the completion of the sale, the senior vice president now owns 180,413 shares in the company, valued at $1,490,211.38. This represents a 3.02 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 16.30% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Coursera

A number of large investors have recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Coursera by 1.8% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 101,948 shares of the company’s stock worth $867,000 after purchasing an additional 1,785 shares in the last quarter. Pitcairn Co. increased its holdings in Coursera by 16.9% during the 3rd quarter. Pitcairn Co. now owns 13,655 shares of the company’s stock worth $108,000 after purchasing an additional 1,971 shares in the last quarter. Waterfront Wealth Inc. increased its holdings in Coursera by 1.7% during the 4th quarter. Waterfront Wealth Inc. now owns 156,411 shares of the company’s stock worth $1,329,000 after purchasing an additional 2,543 shares in the last quarter. New York State Common Retirement Fund increased its holdings in Coursera by 6.4% during the 4th quarter. New York State Common Retirement Fund now owns 42,368 shares of the company’s stock worth $360,000 after purchasing an additional 2,552 shares in the last quarter. Finally, FMR LLC increased its holdings 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 in the last quarter. Institutional investors 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.