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

Shares of Coursera, Inc. (NYSE:COUR - Get Free Report) have earned a consensus recommendation of "Moderate Buy" from the thirteen research firms that are presently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and nine have issued a buy recommendation on the company. The average twelve-month price target among analysts that have covered the stock in the last year is $10.27.

COUR has been the topic of several research reports. JPMorgan Chase & Co. initiated coverage on shares of Coursera in a research note on Monday, November 25th. They issued a "neutral" rating and a $8.00 price target on the stock. Telsey Advisory Group reaffirmed an "outperform" rating and set a $15.00 price objective on shares of Coursera in a research note on Tuesday. Morgan Stanley dropped their target price on shares of Coursera from $15.00 to $10.00 and set an "overweight" rating for the company in a report on Friday, October 25th. Cantor Fitzgerald restated an "overweight" rating and issued a $10.00 target price on shares of Coursera in a report on Thursday, December 5th. Finally, Needham & Company LLC restated a "buy" rating and set a $11.00 price target on shares of Coursera in a research note on Monday.

Insider Transactions at Coursera

In related news, SVP Alan B. Cardenas sold 6,102 shares of the firm's stock in a transaction that occurred 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 completion of the transaction, the senior vice president now owns 194,082 shares in the company, valued at $1,325,580.06. This trade represents a 3.05 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 16.30% of the company's stock.

Hedge Funds Weigh In On Coursera

A number of large investors have recently modified their holdings of COUR. State Street Corp grew its position in Coursera by 2.2% during the third quarter. State Street Corp now owns 2,947,168 shares of the company's stock valued at $23,401,000 after acquiring an additional 63,549 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Coursera by 7.3% in the 3rd quarter. Geode Capital Management LLC now owns 2,922,953 shares of the company's stock worth $23,214,000 after purchasing an additional 199,050 shares during the period. Millennium Management LLC lifted its position in shares of Coursera by 67.0% during the 2nd quarter. Millennium Management LLC now owns 2,800,912 shares of the company's stock valued at $20,055,000 after buying an additional 1,123,397 shares in the last quarter. Invenomic Capital Management LP lifted its holdings in Coursera by 6.9% in the 3rd quarter. Invenomic Capital Management LP now owns 2,690,363 shares of the company's stock worth $21,361,000 after purchasing an additional 172,585 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in Coursera by 0.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,655,040 shares of the company's stock valued at $19,007,000 after buying an additional 15,694 shares in the last quarter. 89.55% of the stock is currently owned by institutional investors.

Coursera Trading Down 11.5 %

Shares of COUR stock traded down $1.10 during mid-day trading on Thursday, reaching $8.48. The stock had a trading volume of 4,490,996 shares, compared to its average volume of 1,620,359. The firm has a market cap of $1.34 billion, a price-to-earnings ratio of -16.63 and a beta of 1.44. The business's fifty day moving average is $8.43 and its 200-day moving average is $7.99. Coursera has a 1-year low of $6.29 and a 1-year high of $20.56.

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.