Coursera, Inc. (NYSE:COUR) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of Coursera, Inc. (NYSE:COUR) have been assigned an average rating of “Moderate Buy” from the thirteen analysts that are presently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and eight have issued a buy rating on the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $10.13.

A number of equities analysts recently commented on the company. The Goldman Sachs Group reduced their price target on Coursera from $9.00 to $7.25 and set a “sell” rating for the company in a report on Friday, October 25th. BMO Capital Markets decreased their target price on Coursera from $10.00 to $9.00 and set an “outperform” rating on the stock in a report on Friday, October 25th. Needham & Company LLC restated a “buy” rating and issued a $11.00 price target on shares of Coursera in a research note on Monday, January 27th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $10.00 price objective on shares of Coursera in a research report on Friday, January 31st. Finally, Scotiabank initiated coverage on shares of Coursera in a research report on Thursday, December 5th. They issued a “sector perform” rating and a $9.00 price objective on the stock.

Coursera Stock Down 3.2 %

Shares of Coursera stock opened at $7.69 on Thursday. Coursera has a 12-month low of $6.29 and a 12-month high of $18.25. The stock has a market cap of $1.22 billion, a P/E ratio of -14.78 and a beta of 1.42. The business’s 50 day moving average is $8.46 and its 200-day moving average is $8.01.

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 dated Monday, November 18th. The shares were sold at an average price of $6.83, for a total value of $41,676.66. Following the transaction, the senior vice president now directly owns 194,082 shares of the company’s stock, valued at $1,325,580.06. This trade represents a 3.05 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 15.90% of the company’s stock.

Institutional Trading of Coursera

A number of institutional investors and hedge funds have recently made changes to their positions in COUR. Algert Global LLC lifted its stake in Coursera by 17.7% during the third quarter. Algert Global LLC now owns 475,496 shares of the company’s stock worth $3,775,000 after purchasing an additional 71,382 shares during the last quarter. Assenagon Asset Management S.A. boosted its stake 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 buying an additional 83,369 shares in the last quarter. Geode Capital Management LLC grew its position in Coursera by 7.3% in the third quarter. Geode Capital Management LLC now owns 2,922,953 shares of the company’s stock valued at $23,214,000 after acquiring an additional 199,050 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new position in Coursera during the third quarter worth about $3,090,000. Finally, Franklin Resources Inc. bought a new stake in shares of Coursera during the 3rd quarter valued at approximately $1,651,000. 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.