Brokerages Set Coursera, Inc. (NYSE:COUR) Target Price at $10.13

Coursera, Inc. (NYSE:COUR) has been given an average recommendation of “Hold” by the thirteen analysts that are presently covering the firm, MarketBeat reports. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and seven have given a buy rating to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $9.83.

Several brokerages have recently issued reports on COUR. Telsey Advisory Group reiterated an “outperform” rating and issued a $15.00 target price on shares of Coursera in a research report on Tuesday, January 28th. Cantor Fitzgerald reissued an “overweight” rating and set a $10.00 target price on shares of Coursera in a report on Thursday, December 5th. Needham & Company LLC reaffirmed a “buy” rating and issued a $11.00 price target on shares of Coursera in a research note on Monday, January 27th. Royal Bank of Canada reissued an “outperform” rating and issued a $10.00 price objective on shares of Coursera in a research note on Friday, January 31st. Finally, UBS Group raised their price objective on Coursera from $7.50 to $8.50 and gave the company a “neutral” rating in a report on Friday, January 31st.

Coursera Price Performance

Shares of NYSE:COUR opened at $6.92 on Friday. The firm has a market capitalization of $1.11 billion, a price-to-earnings ratio of -13.30 and a beta of 1.40. The business’s 50 day moving average price is $7.90 and its 200-day moving average price is $7.88. Coursera has a 1 year low of $6.29 and a 1 year high of $14.29.

Insider Buying and Selling at Coursera

In other news, SVP Alan B. Cardenas sold 5,613 shares of the firm’s stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $8.26, for a total transaction 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 trade represents a 3.02 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 15.90% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Algert Global LLC lifted its stake in shares of Coursera by 17.7% in the 3rd quarter. Algert Global LLC now owns 475,496 shares of the company’s stock valued at $3,775,000 after purchasing an additional 71,382 shares during the last quarter. Geode Capital Management LLC raised 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 valued at $23,214,000 after buying an additional 199,050 shares during the period. Connor Clark & Lunn Investment Management Ltd. acquired a new position in Coursera in the third quarter valued at about $3,090,000. Franklin Resources Inc. purchased a new position in Coursera during the third quarter worth about $1,651,000. Finally, SBI Securities Co. Ltd. acquired a new stake in shares of Coursera during the fourth quarter valued at about $35,000. 89.55% of the stock is currently owned by hedge funds and other institutional investors.

About Coursera

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.