Analysts Set Coursera, Inc. (NYSE:COUR) PT at $10.13

Coursera, Inc. (NYSE:COUR - Get Free Report) has received an average recommendation of "Moderate Buy" from the thirteen brokerages that are presently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have issued a buy rating on the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $10.13.

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

Coursera Price Performance

Shares of NYSE COUR traded up $0.29 during mid-day trading on Friday, reaching $7.42. 1,494,583 shares of the company's stock were exchanged, compared to its average volume of 2,285,129. The firm has a 50-day moving average price of $8.00 and a two-hundred day moving average price of $7.89. The firm has a market capitalization of $1.19 billion, a price-to-earnings ratio of -14.26 and a beta of 1.40. Coursera has a 52 week low of $6.29 and a 52 week high of $14.32.

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Insider Buying and Selling at Coursera

In related news, SVP Alan B. Cardenas sold 5,613 shares of the company's stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $8.26, for a total value of $46,363.38. Following the transaction, the senior vice president now directly owns 180,413 shares in the company, valued at approximately $1,490,211.38. This represents 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 accessible through the SEC website. Insiders own 16.30% of the company's stock.

Institutional Investors Weigh In On Coursera

Several hedge funds have recently bought and sold shares of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Coursera by 1.8% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 101,948 shares of the company's stock valued at $867,000 after buying an additional 1,785 shares in the last quarter. Pitcairn Co. raised its position in Coursera by 16.9% during the third quarter. Pitcairn Co. now owns 13,655 shares of the company's stock valued at $108,000 after purchasing an additional 1,971 shares in the last quarter. Waterfront Wealth Inc. lifted its stake in Coursera by 1.7% during the fourth quarter. Waterfront Wealth Inc. now owns 156,411 shares of the company's stock worth $1,329,000 after purchasing an additional 2,543 shares during the last quarter. New York State Common Retirement Fund lifted its stake in Coursera by 6.4% during the fourth quarter. New York State Common Retirement Fund now owns 42,368 shares of the company's stock worth $360,000 after purchasing an additional 2,552 shares during the last quarter. Finally, FMR LLC boosted its holdings in shares of Coursera by 67.6% in the 3rd quarter. FMR LLC now owns 6,574 shares of the company's stock worth $52,000 after purchasing an additional 2,651 shares in the last quarter. 89.55% of the stock is currently owned by institutional investors.

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.