Coursera's (COUR) Buy Rating Reiterated at Needham & Company LLC

Coursera (NYSE:COUR - Get Free Report)'s stock had its "buy" rating reiterated by equities researchers at Needham & Company LLC in a research report issued on Monday,Benzinga reports. They currently have a $11.00 price target on the stock. Needham & Company LLC's price objective suggests a potential upside of 41.99% from the company's current price.

COUR has been the subject of a number of other research reports. Royal Bank of Canada reduced their price target on Coursera from $18.00 to $10.00 and set an "outperform" rating for the company in a report on Friday, October 25th. BMO Capital Markets dropped their price target on shares of Coursera from $10.00 to $9.00 and set an "outperform" rating on the stock in a research note on Friday, October 25th. KeyCorp reduced their price objective on shares of Coursera from $12.00 to $11.00 and set an "overweight" rating for the company in a research report on Friday, October 25th. Telsey Advisory Group reiterated an "outperform" rating and issued a $18.00 target price on shares of Coursera in a research report on Monday, October 21st. Finally, JPMorgan Chase & Co. initiated coverage on Coursera in a report on Monday, November 25th. They issued a "neutral" rating and a $8.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and nine have issued a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $10.13.

Coursera Stock Performance

NYSE COUR traded down $0.71 on Monday, reaching $7.75. 2,548,420 shares of the company's stock traded hands, compared to its average volume of 1,660,029. Coursera has a fifty-two week low of $6.29 and a fifty-two week high of $20.56. The firm has a market cap of $1.23 billion, a price-to-earnings ratio of -15.23 and a beta of 1.44. The stock has a 50 day moving average price of $8.46 and a 200-day moving average price of $7.99.

Insider Activity

In other 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 of the company's stock, valued at approximately $1,325,580.06. This trade represents a 3.05 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed 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 the stock. FMR LLC increased its holdings in Coursera by 67.6% during 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 during the period. CWM LLC grew its position in shares of Coursera by 82.3% during the third quarter. CWM LLC now owns 7,128 shares of the company's stock worth $57,000 after buying an additional 3,217 shares in the last quarter. Quarry LP increased its stake 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 buying an additional 9,357 shares during the period. KBC Group NV raised its holdings in Coursera by 90.7% in the fourth quarter. KBC Group NV now owns 9,203 shares of the company's stock valued at $78,000 after acquiring an additional 4,376 shares in the last quarter. Finally, Versor Investments LP acquired a new position in Coursera during the 3rd quarter worth approximately $106,000. 89.55% of the stock is currently owned by institutional investors and hedge funds.

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.