Coursera, Inc. (NYSE:COUR) Receives $10.52 Average PT from Analysts

Shares of Coursera, Inc. (NYSE:COUR) have been assigned an average rating of “Moderate Buy” from the thirteen brokerages that are currently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and nine have issued a buy rating on the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $10.52.

A number of equities analysts recently issued reports on COUR shares. Bank of America began coverage on shares of Coursera in a research note on Thursday, September 19th. They issued a “buy” rating and a $11.00 price target on the stock. Needham & Company LLC cut their price target on shares of Coursera from $15.00 to $11.00 and set a “buy” rating on the stock in a report on Friday, October 25th. KeyCorp decreased their price objective 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. BMO Capital Markets cut their target price on Coursera from $10.00 to $9.00 and set an “outperform” rating on the stock in a research note on Friday, October 25th. Finally, Telsey Advisory Group restated an “outperform” rating and issued a $18.00 price target on shares of Coursera in a research note on Monday, October 21st.

Coursera Trading Down 3.0 %

Coursera stock opened at $8.30 on Friday. Coursera has a 12 month low of $6.29 and a 12 month high of $20.73. The business’s fifty day simple moving average is $8.01 and its two-hundred day simple moving average is $7.84. The company has a market capitalization of $1.31 billion, a price-to-earnings ratio of -16.27 and a beta of 1.44.

Insider Activity

In other news, SVP Alan B. Cardenas sold 6,102 shares of the company’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $6.83, for a total value of $41,676.66. Following the completion of the sale, 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 transaction was disclosed in a document filed with the SEC, which is available at this link. Insiders own 16.30% of the company’s stock.

Institutional Trading of Coursera

Several hedge funds have recently bought and sold shares of COUR. The Manufacturers Life Insurance Company lifted its position in shares of Coursera by 1.8% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 70,457 shares of the company’s stock valued at $504,000 after buying an additional 1,276 shares in 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 worth $108,000 after acquiring an additional 1,971 shares during the period. FMR LLC lifted its holdings in Coursera by 67.6% during the third quarter. FMR LLC now owns 6,574 shares of the company’s stock valued at $52,000 after purchasing an additional 2,651 shares in the last quarter. Harbor Capital Advisors Inc. boosted its position 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 purchasing an additional 2,658 shares during the period. Finally, CWM LLC increased its stake in shares of Coursera by 82.3% in the third quarter. CWM LLC now owns 7,128 shares of the company’s stock worth $57,000 after purchasing an additional 3,217 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.