Coursera (NYSE:COUR) Stock Price Up 8.2% – Still a Buy?

Shares of Coursera, Inc. (NYSE:COUR) traded up 8.2% on Monday . The stock traded as high as $9.23 and last traded at $9.36. 482,537 shares changed hands during mid-day trading, a decline of 58% from the average session volume of 1,142,917 shares. The stock had previously closed at $8.65.

Analyst Upgrades and Downgrades

COUR has been the topic of several recent analyst reports. KeyCorp dropped their price objective on Coursera from $12.00 to $11.00 and set an “overweight” rating on the stock in a research report on Friday, October 25th. JPMorgan Chase & Co. initiated coverage on shares of Coursera in a report on Monday, November 25th. They set a “neutral” rating and a $8.00 price target on the stock. Scotiabank started coverage on shares of Coursera in a report on Thursday, December 5th. They set a “sector perform” rating and a $9.00 price objective for the company. BMO Capital Markets dropped their target price on shares of Coursera from $10.00 to $9.00 and set an “outperform” rating on the stock in a report on Friday, October 25th. Finally, Morgan Stanley decreased their target price on shares of Coursera from $15.00 to $10.00 and set an “overweight” rating for the company in a research note on Friday, October 25th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, Coursera has an average rating of “Moderate Buy” and an average price target of $10.27.

Coursera Stock Performance

The business’s 50-day moving average price is $8.37 and its 200-day moving average price is $7.98.

Insider Buying and Selling at Coursera

In related 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 transaction of $41,676.66. Following the transaction, the senior vice president now 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 16.30% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Coursera

Several large investors have recently made changes to their positions in the business. Dimensional Fund Advisors LP lifted its holdings in Coursera by 0.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,655,040 shares of the company’s stock worth $19,007,000 after purchasing an additional 15,694 shares in the last quarter. Sei Investments Co. boosted its position in shares of Coursera by 85.9% during the second quarter. Sei Investments Co. now owns 305,065 shares of the company’s stock worth $2,184,000 after acquiring an additional 140,978 shares during the last quarter. AQR Capital Management LLC grew its stake in Coursera by 20.3% during the second quarter. AQR Capital Management LLC now owns 174,976 shares of the company’s stock valued at $1,253,000 after acquiring an additional 29,528 shares in the last quarter. Millennium Management LLC increased its holdings in Coursera by 67.0% in the 2nd quarter. Millennium Management LLC now owns 2,800,912 shares of the company’s stock valued at $20,055,000 after acquiring an additional 1,123,397 shares during the last quarter. Finally, The Manufacturers Life Insurance Company lifted its stake in Coursera by 1.8% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 70,457 shares of the company’s stock worth $504,000 after purchasing an additional 1,276 shares in the last quarter. 89.55% of the stock is currently owned by hedge funds and other institutional investors.

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.