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

Coursera, Inc. (NYSE:COUR - Get Free Report) has earned a consensus recommendation of "Moderate Buy" from the thirteen ratings firms that are presently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have given a buy rating to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $10.52.

COUR has been the topic of several recent analyst reports. Telsey Advisory Group restated an "outperform" rating and issued a $18.00 price objective on shares of Coursera in a report on Monday, October 21st. Scotiabank started coverage on Coursera in a research report on Thursday, December 5th. They set a "sector perform" rating and a $9.00 price target for the company. KeyCorp dropped their price objective on Coursera from $12.00 to $11.00 and set an "overweight" rating for the company in a research note on Friday, October 25th. BMO Capital Markets decreased their target price on Coursera from $10.00 to $9.00 and set an "outperform" rating on the stock in a research note on Friday, October 25th. Finally, Needham & Company LLC dropped their target price on Coursera from $15.00 to $11.00 and set a "buy" rating for the company in a research report on Friday, October 25th.

Coursera Trading Up 0.6 %

NYSE COUR traded up $0.05 during trading hours on Friday, reaching $8.53. The company had a trading volume of 794,253 shares, compared to its average volume of 937,626. Coursera has a 1-year low of $6.29 and a 1-year high of $20.73. The stock has a market capitalization of $1.35 billion, a P/E ratio of -16.73 and a beta of 1.49. The stock has a 50-day moving average of $7.86 and a 200 day moving average of $7.78.

Insider Buying and Selling at Coursera

In other news, SVP Alan B. Cardenas sold 6,102 shares of the firm's stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $6.83, for a total transaction of $41,676.66. Following the sale, the senior vice president now 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 16.30% of the company's stock.

Hedge Funds Weigh In On Coursera

Hedge funds have recently added to or reduced their stakes in the stock. 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 valued at $52,000 after buying an additional 2,651 shares in the last quarter. CWM LLC boosted its stake in Coursera by 82.3% in the third quarter. CWM LLC now owns 7,128 shares of the company's stock valued at $57,000 after acquiring an additional 3,217 shares in the last quarter. LGT Group Foundation purchased a new position in shares of Coursera during the second quarter worth about $73,000. Quarry LP increased its position in shares of Coursera by 936.6% during the second quarter. Quarry LP now owns 10,356 shares of the company's stock worth $74,000 after purchasing an additional 9,357 shares in the last quarter. Finally, Versor Investments LP acquired a new stake in shares of Coursera in the 3rd quarter valued at about $106,000. 89.55% of the stock is currently owned by hedge funds and other 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.