Coursera (NYSE:COUR - Get Free Report)'s stock had its "outperform" rating reaffirmed by equities researchers at Royal Bank of Canada in a report released on Friday,Benzinga reports. They presently have a $10.00 price target on the stock. Royal Bank of Canada's target price would suggest a potential upside of 26.02% from the company's current price.
Other research analysts have also issued reports about the stock. Cantor Fitzgerald restated an "overweight" rating and set a $10.00 price target on shares of Coursera in a research report on Thursday, December 5th. The Goldman Sachs Group decreased their target price on Coursera from $9.00 to $7.25 and set a "sell" rating on the stock in a research note on Friday, October 25th. Needham & Company LLC reissued a "buy" rating and set a $11.00 price objective on shares of Coursera in a report on Monday, January 27th. Scotiabank started coverage on shares of Coursera in a research note on Thursday, December 5th. They issued a "sector perform" rating and a $9.00 target price on the stock. Finally, Morgan Stanley cut their price target on shares of Coursera from $15.00 to $10.00 and set an "overweight" rating for the company in a research note on Friday, October 25th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $10.13.
Read Our Latest Research Report on Coursera
Coursera Stock Up 1.6 %
Coursera stock traded up $0.13 during midday trading on Friday, reaching $7.94. The stock had a trading volume of 2,571,800 shares, compared to its average volume of 1,895,454. The firm has a market capitalization of $1.26 billion, a PE ratio of -15.26 and a beta of 1.42. Coursera has a 12 month low of $6.29 and a 12 month high of $18.25. The firm's 50-day moving average price is $8.47 and its 200 day moving average price is $8.01.
Insider Activity
In other Coursera news, SVP Alan B. Cardenas sold 6,102 shares of the company's stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $6.83, for a total transaction of $41,676.66. Following the transaction, the senior vice president now owns 194,082 shares in the company, valued at approximately $1,325,580.06. This represents a 3.05 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 15.90% of the company's stock.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. The Manufacturers Life Insurance Company lifted its holdings in shares of Coursera by 1.8% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 70,457 shares of the company's stock valued at $504,000 after buying an additional 1,276 shares during the period. Pitcairn Co. grew its position in shares of Coursera by 16.9% during the third quarter. Pitcairn Co. now owns 13,655 shares of the company's stock worth $108,000 after purchasing an additional 1,971 shares in the last quarter. Waterfront Wealth Inc. boosted its position in shares of 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 acquiring an additional 2,543 shares during the last quarter. New York State Common Retirement Fund boosted its holdings in shares of Coursera by 6.4% during 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 last quarter. Finally, FMR LLC grew its holdings in 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 buying an additional 2,651 shares in the last quarter. Institutional investors own 89.55% of the company's stock.
Coursera Company Profile
(
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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.
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