Coursera (NYSE:COUR) Raised to “Buy” at Wall Street Zen

Coursera (NYSE:COUR) was upgraded by stock analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a note issued to investors on Sunday.

Several other research firms have also issued reports on COUR. UBS Group reduced their target price on shares of Coursera from $11.00 to $9.00 and set a “neutral” rating for the company in a research note on Thursday, December 18th. Royal Bank Of Canada reduced their price objective on shares of Coursera from $13.00 to $11.00 and set an “outperform” rating for the company in a research report on Monday, January 5th. Telsey Advisory Group reiterated an “outperform” rating and issued a $14.00 price objective on shares of Coursera in a research note on Wednesday, December 17th. JPMorgan Chase & Co. upgraded Coursera from a “neutral” rating to an “overweight” rating and set a $12.00 target price on the stock in a research note on Wednesday, December 17th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating on shares of Coursera in a report on Wednesday, November 26th. Seven equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $12.27.

Coursera Stock Down 2.4%

Shares of NYSE:COUR opened at $6.34 on Friday. The business’s 50 day moving average is $7.51 and its 200 day moving average is $9.45. Coursera has a 12-month low of $5.76 and a 12-month high of $13.56. The stock has a market cap of $1.06 billion, a price-to-earnings ratio of -21.86 and a beta of 1.37.

Insider Activity at Coursera

In related news, SVP Alan B. Cardenas sold 8,078 shares of the firm’s stock in a transaction that occurred on Monday, December 15th. The shares were sold at an average price of $8.17, for a total value of $65,997.26. Following the completion of the transaction, the senior vice president directly owned 237,828 shares of the company’s stock, valued at approximately $1,943,054.76. This trade represents a 3.28% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 16.80% of the company’s stock.

Hedge Funds Weigh In On Coursera

A number of large investors have recently made changes to their positions in COUR. Nisa Investment Advisors LLC raised its stake in shares of Coursera by 102.9% during the 2nd quarter. Nisa Investment Advisors LLC now owns 3,652 shares of the company’s stock valued at $32,000 after purchasing an additional 1,852 shares during the period. Quarry LP grew its holdings in Coursera by 619.9% during the 3rd quarter. Quarry LP now owns 4,024 shares of the company’s stock valued at $47,000 after buying an additional 3,465 shares in the last quarter. Daiwa Securities Group Inc. increased its position in shares of Coursera by 163.7% during the second quarter. Daiwa Securities Group Inc. now owns 7,330 shares of the company’s stock valued at $64,000 after buying an additional 4,550 shares during the period. Savant Capital LLC purchased a new stake in shares of Coursera in the second quarter worth about $94,000. Finally, Oak Thistle LLC bought a new position in shares of Coursera in the fourth quarter valued at approximately $102,000. 89.55% of the stock is owned by institutional investors.

Coursera Company Profile

Coursera, Inc (NYSE:COUR) operates a leading online learning platform that delivers courses, specializations, professional certificates and fully accredited degree programs in collaboration with top universities and industry partners. Founded in 2012 by Stanford University professors Andrew Ng and Daphne Koller, Coursera’s mission is to provide universal access to world-class education and bridge skill gaps in a rapidly evolving job market.

The platform features more than 6,000 offerings created by over 275 academic institutions and corporate entities, spanning fields such as data science, business, technology, health care and the arts.