Coursera’s (COUR) Outperform Rating Reaffirmed at Telsey Advisory Group

Coursera (NYSE:COUR)‘s stock had its “outperform” rating restated by equities research analysts at Telsey Advisory Group in a research note issued to investors on Tuesday,Benzinga reports. They presently have a $15.00 price target on the stock. Telsey Advisory Group’s target price would indicate a potential upside of 54.88% from the stock’s current price.

A number of other research analysts also recently commented on the stock. BMO Capital Markets lowered their price target on shares of Coursera from $10.00 to $9.00 and set an “outperform” rating for the company in a report on Friday, October 25th. Needham & Company LLC reiterated a “buy” rating and set a $11.00 price target on shares of Coursera in a report on Monday. Cantor Fitzgerald restated an “overweight” rating and set a $10.00 target price on shares of Coursera in a research report on Thursday, December 5th. KeyCorp decreased their price target on Coursera from $12.00 to $11.00 and set an “overweight” rating for the company in a research note on Friday, October 25th. Finally, JPMorgan Chase & Co. began coverage on Coursera in a research note on Monday, November 25th. They issued a “neutral” rating and a $8.00 target price on the stock. One investment analyst has rated the stock with a sell rating, three have given a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $10.27.

Coursera Stock Up 12.0 %

Coursera stock opened at $9.69 on Tuesday. Coursera has a 52-week low of $6.29 and a 52-week high of $20.73. The firm’s fifty day moving average is $8.32 and its 200 day moving average is $7.96. The company has a market cap of $1.53 billion, a price-to-earnings ratio of -18.99 and a beta of 1.44.

Insider Buying and Selling at Coursera

In other Coursera news, SVP Alan B. Cardenas sold 6,102 shares of the firm’s stock in a transaction that occurred on 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 directly owns 194,082 shares of the company’s stock, valued at approximately $1,325,580.06. This trade represents a 3.05 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 16.30% of the stock is currently owned by company insiders.

Institutional Trading of Coursera

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Algert Global LLC boosted its holdings in Coursera by 17.7% in the third 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. Assenagon Asset Management S.A. lifted its holdings in Coursera by 6.3% in the third quarter. Assenagon Asset Management S.A. now owns 1,413,641 shares of the company’s stock valued at $11,224,000 after acquiring an additional 83,369 shares during the period. Geode Capital Management LLC boosted its position in Coursera by 7.3% in the 3rd quarter. Geode Capital Management LLC now owns 2,922,953 shares of the company’s stock worth $23,214,000 after purchasing an additional 199,050 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Coursera during the 3rd quarter worth approximately $3,090,000. Finally, Franklin Resources Inc. acquired a new position in shares of Coursera in the 3rd quarter valued at $1,651,000. Institutional investors and hedge funds own 89.55% of the company’s stock.

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.