Coursera (NYSE:COUR) Shares Up 8.2% - Should You Buy?

Coursera, Inc. (NYSE:COUR - Get Free Report)'s share price traded up 8.2% during mid-day trading on Monday . The stock traded as high as $9.23 and last traded at $9.36. 482,537 shares were traded during mid-day trading, a decline of 58% from the average session volume of 1,142,917 shares. The stock had previously closed at $8.65.

Analyst Ratings Changes

COUR has been the topic of a number of research reports. UBS Group boosted their target price on shares of Coursera from $7.50 to $8.50 and gave the stock a "neutral" rating in a research report on Friday. Telsey Advisory Group restated an "outperform" rating and set a $15.00 price objective on shares of Coursera in a report on Tuesday. The Goldman Sachs Group reduced their target price on shares of Coursera from $9.00 to $7.25 and set a "sell" rating for the company in a research note on Friday, October 25th. Royal Bank of Canada restated an "outperform" rating and set a $10.00 price target on shares of Coursera in a research note on Friday. Finally, Needham & Company LLC reiterated a "buy" rating and issued a $11.00 price objective on shares of Coursera in a research report on Monday, January 27th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and nine have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $10.13.

Coursera Stock Down 8.9 %

The stock has a fifty day simple moving average of $8.47 and a 200-day simple moving average of $8.00. The company has a market capitalization of $1.22 billion, a P/E ratio of -15.11 and a beta of 1.44.

Insider Buying and Selling at Coursera

In related news, SVP Alan B. Cardenas sold 6,102 shares of the firm'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 completion of the sale, the senior vice president now directly owns 194,082 shares of the company's stock, valued at $1,325,580.06. This trade represents a 3.05 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 16.30% of the company's stock.

Institutional Trading of Coursera

Several large investors have recently made changes to their positions in the business. New York State Common Retirement Fund grew its stake in shares of Coursera by 6.4% during the fourth 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. New York State Teachers Retirement System bought a new position in Coursera in the 4th quarter valued at $107,000. KBC Group NV boosted its position in Coursera by 90.7% in the 4th quarter. KBC Group NV now owns 9,203 shares of the company's stock valued at $78,000 after buying an additional 4,376 shares during the last quarter. Janney Montgomery Scott LLC increased its stake in shares of Coursera by 15.9% in the 4th quarter. Janney Montgomery Scott LLC now owns 121,845 shares of the company's stock valued at $1,036,000 after buying an additional 16,724 shares during the period. Finally, SG Americas Securities LLC raised its position in shares of Coursera by 66.1% during the fourth quarter. SG Americas Securities LLC now owns 87,209 shares of the company's stock worth $741,000 after acquiring an additional 34,701 shares during the last quarter. 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.