Analysts Set Coursera, Inc. (NYSE:COUR) Price Target at $23.15

Coursera, Inc. (NYSE:COURGet Rating) has been assigned a consensus rating of “Moderate Buy” from the fourteen ratings firms that are covering the firm, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $23.15.

Several analysts have recently issued reports on the stock. Truist Financial lowered their price objective on shares of Coursera from $20.00 to $17.00 in a research note on Thursday, October 27th. Raymond James lowered shares of Coursera from an “outperform” rating to a “market perform” rating in a report on Thursday, July 28th. The Goldman Sachs Group lowered shares of Coursera from a “buy” rating to a “neutral” rating and reduced their target price for the company from $23.00 to $14.00 in a report on Thursday, July 28th. DA Davidson cut their price objective on shares of Coursera from $29.00 to $16.00 in a report on Thursday, July 28th. Finally, Stifel Nicolaus lowered shares of Coursera from a “buy” rating to a “hold” rating and cut their price objective for the stock from $26.00 to $14.00 in a report on Thursday, July 28th.

Insider Buying and Selling at Coursera

In other Coursera news, SVP Mustafa S. Furniturewala sold 22,956 shares of the company’s stock in a transaction that occurred on Friday, October 7th. The shares were sold at an average price of $11.25, for a total value of $258,255.00. Following the transaction, the senior vice president now owns 373,218 shares in the company, valued at approximately $4,198,702.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, Director Andrew Y. Ng sold 40,000 shares of the firm’s stock in a transaction on Tuesday, October 4th. The shares were sold at an average price of $11.74, for a total value of $469,600.00. Following the transaction, the director now directly owns 7,300,398 shares in the company, valued at approximately $85,706,672.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Mustafa S. Furniturewala sold 22,956 shares of the stock in a transaction on Friday, October 7th. The shares were sold at an average price of $11.25, for a total transaction of $258,255.00. Following the completion of the sale, the senior vice president now directly owns 373,218 shares of the company’s stock, valued at $4,198,702.50. The disclosure for this sale can be found here. In the last quarter, insiders have sold 154,810 shares of company stock worth $1,889,437. 26.40% of the stock is currently owned by company insiders.

Institutional Trading of Coursera

A number of hedge funds have recently bought and sold shares of the stock. Teacher Retirement System of Texas lifted its holdings in shares of Coursera by 7.4% during the 1st quarter. Teacher Retirement System of Texas now owns 10,157 shares of the company’s stock worth $234,000 after acquiring an additional 697 shares during the period. FMR LLC lifted its holdings in Coursera by 187.5% during the 2nd quarter. FMR LLC now owns 2,366 shares of the company’s stock valued at $34,000 after purchasing an additional 1,543 shares during the last quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd lifted its holdings in Coursera by 5.5% during the 2nd quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 31,070 shares of the company’s stock valued at $441,000 after purchasing an additional 1,610 shares during the last quarter. Los Angeles Capital Management LLC lifted its holdings in Coursera by 13.2% during the 1st quarter. Los Angeles Capital Management LLC now owns 14,440 shares of the company’s stock valued at $333,000 after purchasing an additional 1,686 shares during the last quarter. Finally, Vontobel Holding Ltd. lifted its holdings in Coursera by 2.6% during the 1st quarter. Vontobel Holding Ltd. now owns 71,452 shares of the company’s stock valued at $1,623,000 after purchasing an additional 1,798 shares during the last quarter. 63.56% of the stock is owned by institutional investors.

Coursera Price Performance

The stock has a market cap of $1.99 billion, a PE ratio of -11.31 and a beta of 1.35. Coursera has a 12 month low of $9.81 and a 12 month high of $30.99. The stock has a 50 day moving average price of $12.15 and a 200 day moving average price of $13.74.

Coursera Company Profile

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Coursera, Inc operates an online educational content platform that connects learners, educators, organizations, and institutions. It offers online courses that include data science, business, computer science, information technology, health, social sciences, logic, project management, and digital marketing services; campus student plans; degree courses; and certification education.

Further Reading

Analyst Recommendations for Coursera (NYSE:COUR)

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