Coursera (NYSE:COUR) Price Target Cut to $9.00 by Analysts at Morgan Stanley

Coursera (NYSE:COUR - Get Free Report) had its target price lowered by Morgan Stanley from $10.00 to $9.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage currently has an "overweight" rating on the stock. Morgan Stanley's price target would suggest a potential upside of 23.20% from the company's current price.

COUR has been the subject of a number of other research reports. UBS Group increased their target price on shares of Coursera from $7.50 to $8.50 and gave the stock a "neutral" rating in a report on Friday, January 31st. Royal Bank of Canada reissued an "outperform" rating and issued a $10.00 price objective on shares of Coursera in a research note on Friday, January 31st. Needham & Company LLC reaffirmed a "buy" rating and set a $11.00 target price on shares of Coursera in a research note on Monday, January 27th. Bank of America reiterated an "underperform" rating and set a $7.00 price target on shares of Coursera in a report on Thursday, March 27th. Finally, Telsey Advisory Group reissued an "outperform" rating and set a $15.00 price objective on shares of Coursera in a report on Tuesday, January 28th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $9.67.

Coursera Stock Up 4.1 %

Shares of COUR stock traded up $0.29 during trading hours on Wednesday, reaching $7.31. The company's stock had a trading volume of 1,518,573 shares, compared to its average volume of 2,338,818. Coursera has a fifty-two week low of $5.76 and a fifty-two week high of $12.37. The company has a market capitalization of $1.18 billion, a price-to-earnings ratio of -14.05 and a beta of 1.42. The firm's 50 day simple moving average is $7.29 and its 200-day simple moving average is $7.73.

Insider Activity

In other news, SVP Alan B. Cardenas sold 5,613 shares of the company's stock in a transaction 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 sale, the senior vice president now directly owns 180,413 shares of the company's stock, valued at approximately $1,490,211.38. This represents a 3.02 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 16.30% of the company's stock.

Institutional Trading of Coursera

Several hedge funds have recently modified their holdings of COUR. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Coursera by 1.8% in the fourth 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. Waterfront Wealth Inc. boosted its position in Coursera by 1.7% in 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 grew its stake in Coursera by 6.4% in the 4th quarter. New York State Common Retirement Fund now owns 42,368 shares of the company's stock valued at $360,000 after purchasing an additional 2,552 shares during the period. FMR LLC increased its position in shares of Coursera by 67.6% during the 3rd quarter. FMR LLC now owns 6,574 shares of the company's stock valued at $52,000 after purchasing an additional 2,651 shares during the last quarter. Finally, Swiss National Bank raised its stake in shares of Coursera by 1.2% during the 4th quarter. Swiss National Bank now owns 262,300 shares of the company's stock worth $2,230,000 after purchasing an additional 3,100 shares during the period. Institutional investors 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.