Coursera’s (COUR) “Outperform” Rating Reiterated at Telsey Advisory Group

Telsey Advisory Group reaffirmed their outperform rating on shares of Coursera (NYSE:COUR) in a research report report published on Tuesday,Benzinga reports. They currently have a $15.00 price objective on the stock.

Other equities research analysts also recently issued reports about the company. Royal Bank of Canada cut their price target on Coursera from $18.00 to $10.00 and set an “outperform” rating for the company in a research note on Friday, October 25th. JPMorgan Chase & Co. initiated coverage on shares of Coursera in a research report on Monday, November 25th. They set a “neutral” rating and a $8.00 target price for the company. KeyCorp decreased their price target on shares of Coursera from $12.00 to $11.00 and set an “overweight” rating on the stock in a research report on Friday, October 25th. Needham & Company LLC reissued a “buy” rating and set a $11.00 price objective on shares of Coursera in a research report on Monday. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $10.00 target price on shares of Coursera in a report on Thursday, December 5th. One analyst has rated the stock with a sell rating, three have given a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $10.27.

Coursera Price Performance

COUR stock opened at $8.48 on Tuesday. Coursera has a 1 year low of $6.29 and a 1 year high of $20.56. The company has a market cap of $1.34 billion, a P/E ratio of -16.63 and a beta of 1.44. The stock’s fifty day moving average price is $8.46 and its 200-day moving average price is $7.99.

Insider Buying and Selling

In other Coursera news, SVP Alan B. Cardenas sold 6,102 shares of Coursera stock in a transaction on Monday, November 18th. The shares were sold at an average price of $6.83, for a total value of $41,676.66. Following the sale, the senior vice president now directly owns 194,082 shares in the company, valued at approximately $1,325,580.06. The trade was a 3.05 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 16.30% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. FMR LLC boosted its stake 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 buying an additional 2,651 shares during the last quarter. CWM LLC raised its holdings in shares of Coursera by 82.3% during the 3rd quarter. CWM LLC now owns 7,128 shares of the company’s stock worth $57,000 after acquiring an additional 3,217 shares in the last quarter. Quarry LP boosted its position in shares of Coursera by 936.6% during the 2nd quarter. Quarry LP now owns 10,356 shares of the company’s stock valued at $74,000 after acquiring an additional 9,357 shares during the last quarter. KBC Group NV grew its holdings in shares of Coursera by 90.7% in the fourth 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 in the last quarter. Finally, Versor Investments LP purchased a new stake in Coursera during the third quarter valued at $106,000. Hedge funds and other 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.