Coursera (NYSE:COUR) Trading 10.5% Higher - Time to Buy?

Shares of Coursera, Inc. (NYSE:COUR - Get Free Report) were up 10.5% during mid-day trading on Friday . The stock traded as high as $8.89 and last traded at $8.85. Approximately 595,413 shares were traded during trading, a decline of 67% from the average daily volume of 1,802,088 shares. The stock had previously closed at $8.01.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on COUR shares. BMO Capital Markets reduced their target price on Coursera from $10.00 to $9.00 and set an "outperform" rating for the company in a research note on Friday, October 25th. Cantor Fitzgerald reiterated an "overweight" rating and set a $10.00 price objective on shares of Coursera in a research note on Thursday, December 5th. JPMorgan Chase & Co. began coverage on shares of Coursera in a research report on Monday, November 25th. They issued a "neutral" rating and a $8.00 target price for the company. Royal Bank of Canada reaffirmed an "outperform" rating and set a $10.00 price target on shares of Coursera in a research report on Friday, January 31st. Finally, Morgan Stanley decreased their price target on Coursera from $15.00 to $10.00 and set an "overweight" rating for the company in a research note on Friday, October 25th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $10.13.

Coursera Price Performance

The company has a fifty day moving average price of $8.44 and a 200 day moving average price of $7.98. The company has a market capitalization of $1.34 billion, a P/E ratio of -16.22 and a beta of 1.42.

Institutional Investors Weigh In On Coursera

Large investors have recently added to or reduced their stakes in the stock. Norges Bank bought a new position in shares of Coursera during the fourth quarter worth about $17,010,000. Two Sigma Investments LP acquired a new position in Coursera during the 4th quarter valued at about $8,710,000. Ameriprise Financial Inc. grew its position in Coursera by 253.1% in the 4th quarter. Ameriprise Financial Inc. now owns 1,424,354 shares of the company's stock worth $12,107,000 after purchasing an additional 1,020,969 shares during the last quarter. BNP Paribas Financial Markets bought a new position in Coursera in the 4th quarter worth about $6,612,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Coursera by 61.6% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,647,619 shares of the company's stock valued at $13,082,000 after purchasing an additional 628,140 shares during the period. 89.55% of the stock is owned by institutional investors and hedge funds.

Coursera Company Profile

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.