Coursera, Inc. (NYSE:COUR - Get Free Report) traded down 5.1% during mid-day trading on Friday . The stock traded as low as $7.81 and last traded at $7.84. 345,079 shares were traded during mid-day trading, a decline of 85% from the average session volume of 2,293,681 shares. The stock had previously closed at $8.26.
Analyst Ratings Changes
A number of equities research analysts have recently commented on the stock. Scotiabank began coverage on shares of Coursera in a report on Thursday, December 5th. They set a "sector perform" rating and a $9.00 price target on the stock. Needham & Company LLC reduced their target price on Coursera from $15.00 to $11.00 and set a "buy" rating for the company in a report on Friday, October 25th. Telsey Advisory Group reaffirmed an "outperform" rating and set a $18.00 price target on shares of Coursera in a report on Monday, October 21st. The Goldman Sachs Group reduced their price objective on Coursera from $9.00 to $7.25 and set a "sell" rating for the company in a report on Friday, October 25th. Finally, JPMorgan Chase & Co. started coverage on shares of Coursera in a research note on Monday, November 25th. They set a "neutral" rating and a $8.00 target price on the stock. One research analyst has rated the stock with a sell rating, three have issued a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $10.52.
Read Our Latest Research Report on Coursera
Coursera Price Performance
The business has a 50-day simple moving average of $7.57 and a 200 day simple moving average of $7.63. The firm has a market cap of $1.31 billion, a PE ratio of -16.20 and a beta of 1.49.
Insider Activity at Coursera
In related news, SVP Alan B. Cardenas sold 6,102 shares of Coursera 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 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Andrew Y. Ng sold 6,221 shares of the company's stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $8.03, for a total value of $49,954.63. Following the completion of the transaction, the director now owns 7,297,671 shares of the company's stock, valued at $58,600,298.13. The trade was a 0.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 13,885 shares of company stock worth $102,815. 16.30% of the stock is owned by company insiders.
Institutional Investors Weigh In On Coursera
Several institutional investors and hedge funds have recently modified their holdings of the stock. Franklin Resources Inc. purchased a new position in Coursera during the third quarter valued at $1,651,000. Geode Capital Management LLC boosted its holdings in shares of Coursera by 7.3% during the 3rd quarter. Geode Capital Management LLC now owns 2,922,953 shares of the company's stock valued at $23,214,000 after purchasing an additional 199,050 shares during the last quarter. Barclays PLC grew its position in shares of Coursera by 24.4% during the third quarter. Barclays PLC now owns 962,122 shares of the company's stock valued at $7,640,000 after purchasing an additional 188,911 shares in the last quarter. XTX Topco Ltd increased its holdings in shares of Coursera by 19.0% in the third quarter. XTX Topco Ltd now owns 99,474 shares of the company's stock worth $790,000 after purchasing an additional 15,891 shares during the last quarter. Finally, Zacks Investment Management lifted its position in shares of Coursera by 9.6% in the third quarter. Zacks Investment Management now owns 83,448 shares of the company's stock worth $663,000 after buying an additional 7,334 shares in the last quarter. Institutional investors own 89.55% of the company's stock.
About Coursera
(
Get Free Report)
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.
Featured Stories
Before you consider Coursera, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Coursera wasn't on the list.
While Coursera currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Do you expect the global demand for energy to shrink?! If not, it's time to take a look at how energy stocks can play a part in your portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.