Coursera, Inc. (NYSE:COUR) Given Consensus Recommendation of "Moderate Buy" by Brokerages

Coursera, Inc. (NYSE:COUR - Get Free Report) has been given a consensus recommendation of "Moderate Buy" by the thirteen analysts that are currently covering the company, MarketBeat.com 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 brokerages that have covered the stock in the last year is $10.52.

COUR has been the subject of several recent research reports. The Goldman Sachs Group reduced their target price on shares of 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 price objective on Coursera from $10.00 to $9.00 and set an "outperform" rating for the company in a report on Friday, October 25th. JPMorgan Chase & Co. assumed coverage on Coursera in a report on Monday, November 25th. They set a "neutral" rating and a $8.00 target price on the stock. Telsey Advisory Group reissued an "outperform" rating and issued a $18.00 price target on shares of Coursera in a report on Monday, October 21st. Finally, Royal Bank of Canada lowered their price objective on Coursera from $18.00 to $10.00 and set an "outperform" rating on the stock in a research report on Friday, October 25th.

Insiders Place Their Bets

In related news, Director Andrew Y. Ng sold 6,221 shares of the stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $8.03, for a total value of $49,954.63. Following the completion of the transaction, the director now directly owns 7,297,671 shares in the company, valued at approximately $58,600,298.13. This represents a 0.09 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Alan B. Cardenas sold 6,102 shares of the firm's stock in a transaction on Monday, November 18th. The stock was sold at an average price of $6.83, for a total value of $41,676.66. Following the sale, the senior vice president now directly owns 194,082 shares of the company's stock, valued at approximately $1,325,580.06. This trade represents a 3.05 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 13,885 shares of company stock valued at $102,815 in the last three months. 16.30% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of COUR. Algert Global LLC grew its stake in shares of Coursera by 17.7% in the third quarter. Algert Global LLC now owns 475,496 shares of the company's stock valued at $3,775,000 after buying an additional 71,382 shares in the last quarter. Assenagon Asset Management S.A. grew its position in Coursera by 6.3% in the 3rd quarter. Assenagon Asset Management S.A. now owns 1,413,641 shares of the company's stock valued at $11,224,000 after acquiring an additional 83,369 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Coursera during the third quarter worth about $3,090,000. M&G Plc purchased a new position in shares of Coursera in the second quarter valued at approximately $5,048,000. Finally, Millennium Management LLC grew its holdings in shares of Coursera by 67.0% in the second quarter. Millennium Management LLC now owns 2,800,912 shares of the company's stock valued at $20,055,000 after purchasing an additional 1,123,397 shares in the last quarter. Hedge funds and other institutional investors own 89.55% of the company's stock.

Coursera Price Performance

NYSE COUR traded down $0.05 during trading on Wednesday, hitting $8.45. The company's stock had a trading volume of 1,899,701 shares, compared to its average volume of 2,304,608. Coursera has a fifty-two week low of $6.29 and a fifty-two week high of $21.26. The company has a market cap of $1.34 billion, a PE ratio of -16.57 and a beta of 1.49. The business's 50 day simple moving average is $7.55 and its 200-day simple moving average is $7.62.

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.