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

Shares of Coursera, Inc. (NYSE:COUR) have been assigned an average rating of “Moderate Buy” from the thirteen brokerages that are covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and eight have assigned a buy rating to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $10.13.

Several equities analysts have weighed in on COUR shares. UBS Group lifted their target price on Coursera from $7.50 to $8.50 and gave the company a “neutral” rating in a research report on Friday, January 31st. Needham & Company LLC reaffirmed a “buy” rating and issued a $11.00 target price on shares of Coursera in a research report on Monday, January 27th. Scotiabank began coverage on Coursera in a research report on Thursday, December 5th. They issued a “sector perform” rating and a $9.00 target price for the company. Cantor Fitzgerald reiterated an “overweight” rating and issued a $10.00 price objective on shares of Coursera in a research note on Thursday, December 5th. Finally, Telsey Advisory Group reiterated an “outperform” rating and issued a $15.00 price objective on shares of Coursera in a research note on Tuesday, January 28th.

Insider Buying and Selling

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

Institutional Investors Weigh In On Coursera

Institutional investors have recently added to or reduced their stakes in the business. State of Wyoming lifted its stake in Coursera by 959.1% in the fourth quarter. State of Wyoming now owns 3,887 shares of the company’s stock valued at $33,000 after buying an additional 3,520 shares during the last quarter. SBI Securities Co. Ltd. purchased a new stake in Coursera in the fourth quarter valued at approximately $35,000. FMR LLC lifted its stake in Coursera by 67.6% in 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 lifted its stake in Coursera by 82.3% in the third quarter. CWM LLC now owns 7,128 shares of the company’s stock valued at $57,000 after buying an additional 3,217 shares during the last quarter. Finally, KBC Group NV lifted its stake in 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 buying an additional 4,376 shares during the last quarter. Hedge funds and other institutional investors own 89.55% of the company’s stock.

Coursera Price Performance

NYSE COUR opened at $7.92 on Monday. The company has a market cap of $1.27 billion, a P/E ratio of -15.23 and a beta of 1.42. The stock has a 50-day moving average of $8.38 and a two-hundred day moving average of $7.99. Coursera has a 1-year low of $6.29 and a 1-year high of $16.18.

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.