Morgan Stanley Has Lowered Expectations for Coursera (NYSE:COUR) Stock Price

Coursera (NYSE:COUR) had its price objective decreased by Morgan Stanley from $10.00 to $9.00 in a research report report published on Wednesday,Benzinga reports. Morgan Stanley currently has an overweight rating on the stock.

A number of other research firms have also recently commented on COUR. UBS Group lifted their price target on Coursera from $7.50 to $8.50 and gave the stock a “neutral” rating in a report on Friday, January 31st. Bank of America reissued an “underperform” rating and set a $7.00 target price on shares of Coursera in a report on Thursday, March 27th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $10.00 price target on shares of Coursera in a report on Friday, January 31st. JPMorgan Chase & Co. decreased their price objective on shares of Coursera from $8.00 to $7.00 and set a “neutral” rating on the stock in a report on Tuesday, April 8th. Finally, Needham & Company LLC restated a “buy” rating and set a $11.00 target price on shares of Coursera in a research note on Monday, January 27th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Coursera currently has an average rating of “Hold” and a consensus price target of $9.67.

Coursera Price Performance

Shares of COUR stock opened at $7.31 on Wednesday. The company has a fifty day moving average price of $7.29 and a two-hundred day moving average price of $7.73. Coursera has a one year low of $5.76 and a one year high of $12.37. The stock has a market cap of $1.18 billion, a P/E ratio of -14.05 and a beta of 1.42.

Insider Activity at Coursera

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

Institutional Investors Weigh In On Coursera

A number of large investors have recently bought and sold shares of COUR. State of Wyoming lifted its holdings in shares of Coursera by 959.1% during the 4th quarter. State of Wyoming now owns 3,887 shares of the company’s stock worth $33,000 after acquiring an additional 3,520 shares during the period. SBI Securities Co. Ltd. bought a new stake in Coursera during the fourth quarter worth $35,000. FMR LLC boosted its holdings in shares of Coursera by 67.6% in the 3rd 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. KBC Group NV increased its stake in shares of Coursera by 90.7% in the 4th quarter. KBC Group NV now owns 9,203 shares of the company’s stock valued at $78,000 after purchasing an additional 4,376 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC bought a new position in shares of Coursera in the 4th quarter valued at $86,000. 89.55% of the stock is currently owned by institutional investors and hedge funds.

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.