Coursera, Inc. (NYSE:COUR) Receives Average Rating of "Moderate Buy" from Brokerages

Shares of Coursera, Inc. (NYSE:COUR - Get Free Report) have received an average rating of "Moderate Buy" from the eleven ratings firms that are currently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, one has given a hold recommendation and nine have given a buy recommendation to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $10.93.

A number of research firms have recently issued reports on COUR. Morgan Stanley reduced their price target on shares of Coursera from $15.00 to $10.00 and set an "overweight" rating for the company in a research report on Friday, October 25th. Bank of America initiated coverage on Coursera in a report on Thursday, September 19th. They set a "buy" rating and a $11.00 price objective for the company. Cantor Fitzgerald decreased their target price on Coursera from $22.00 to $10.00 and set an "overweight" rating on the stock in a research report on Friday, October 25th. Telsey Advisory Group restated an "outperform" rating and issued a $18.00 price target on shares of Coursera in a research report on Monday, October 21st. Finally, The Goldman Sachs Group decreased their price objective on shares of Coursera from $9.00 to $7.25 and set a "sell" rating on the stock in a research report on Friday, October 25th.

Coursera Price Performance

Shares of NYSE COUR traded down $0.15 during trading on Friday, hitting $6.93. 1,823,477 shares of the company were exchanged, compared to its average volume of 2,238,604. Coursera has a 1 year low of $6.29 and a 1 year high of $21.26. The company has a market cap of $1.10 billion, a price-to-earnings ratio of -13.59 and a beta of 1.44. The firm's fifty day moving average price is $7.54 and its 200 day moving average price is $7.74.

Insider Transactions at Coursera

In related news, Director Andrew Y. Ng sold 6,221 shares of the firm's stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $8.03, for a total value of $49,954.63. Following the sale, the director now directly owns 7,297,671 shares of the company's stock, valued at approximately $58,600,298.13. This trade represents a 0.09 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Alan B. Cardenas sold 6,285 shares of the business's stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $8.27, for a total transaction of $51,976.95. Following the completion of the sale, the senior vice president now owns 207,434 shares of the company's stock, valued at approximately $1,715,479.18. The trade was a 2.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 37,506 shares of company stock worth $311,932 over the last ninety days. 16.30% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Coursera

A number of hedge funds have recently made changes to their positions in COUR. CWM LLC lifted its stake in shares of Coursera by 7,568.6% in the 2nd quarter. CWM LLC now owns 3,911 shares of the company's stock valued at $28,000 after purchasing an additional 3,860 shares in the last quarter. Natixis purchased a new stake in Coursera during the first quarter worth approximately $35,000. FMR LLC increased its position in shares of Coursera by 67.6% in the third quarter. FMR LLC now owns 6,574 shares of the company's stock worth $52,000 after acquiring an additional 2,651 shares in the last quarter. Covestor Ltd raised its stake in shares of Coursera by 72.9% in the 1st quarter. Covestor Ltd now owns 4,378 shares of the company's stock valued at $61,000 after acquiring an additional 1,846 shares during the period. Finally, nVerses Capital LLC raised its stake in shares of Coursera by 26.1% in the 2nd quarter. nVerses Capital LLC now owns 8,700 shares of the company's stock valued at $62,000 after acquiring an additional 1,800 shares during the period. Institutional investors and hedge funds own 89.55% of the company's stock.

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.