Coursera (NYSE:COUR) Sees Unusually-High Trading Volume on Analyst Upgrade

Coursera, Inc. (NYSE:COUR - Get Free Report) shares saw an uptick in trading volume on Monday after UBS Group raised their price target on the stock from $7.50 to $8.50. UBS Group currently has a neutral rating on the stock. 1,438,326 shares were traded during trading, a decline of 15% from the previous session's volume of 1,690,051 shares.The stock last traded at $7.82 and had previously closed at $7.71.

A number of other analysts have also issued reports on the company. The Goldman Sachs Group dropped their target price on Coursera from $9.00 to $7.25 and set a "sell" rating on the stock in a research report on Friday, October 25th. Morgan Stanley cut their price objective on Coursera from $15.00 to $10.00 and set an "overweight" rating for the company in a research report on Friday, October 25th. BMO Capital Markets dropped their target price on Coursera from $10.00 to $9.00 and set an "outperform" rating on the stock in a report on Friday, October 25th. Needham & Company LLC restated a "buy" rating and set a $11.00 price target on shares of Coursera in a research note on Monday, January 27th. Finally, Royal Bank of Canada reissued an "outperform" rating and set a $10.00 target price on shares of Coursera in a research report on Friday, January 31st. One research analyst has rated the stock with a sell rating, four have issued a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, Coursera has a consensus rating of "Moderate Buy" and a consensus target price of $10.13.

Insider Buying and Selling at Coursera

In other news, SVP Alan B. Cardenas sold 6,102 shares of the company's stock in a transaction 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 of the company's stock, valued at $1,325,580.06. This represents a 3.05 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 15.90% of the company's stock.

Hedge Funds Weigh In On Coursera

Several large investors have recently bought and sold shares of COUR. SBI Securities Co. Ltd. acquired a new stake in shares of Coursera during the fourth quarter worth about $35,000. FMR LLC raised its position in shares of Coursera by 67.6% in the third 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 period. CWM LLC boosted its stake in Coursera by 82.3% in the 3rd quarter. CWM LLC now owns 7,128 shares of the company's stock valued at $57,000 after purchasing an additional 3,217 shares during the period. KBC Group NV increased its holdings in shares of Coursera by 90.7% during the fourth quarter. KBC Group NV now owns 9,203 shares of the company's stock worth $78,000 after purchasing an additional 4,376 shares during the period. Finally, Versor Investments LP acquired a new stake in Coursera during the third quarter worth about $106,000. 89.55% of the stock is currently owned by institutional investors and hedge funds.

Coursera Stock Performance

The business has a fifty day moving average price of $8.45 and a 200 day moving average price of $8.01. The company has a market cap of $1.22 billion, a price-to-earnings ratio of -14.76 and a beta of 1.42.

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.