Telsey Advisory Group Reiterates "Outperform" Rating for Coursera (NYSE:COUR)

Coursera (NYSE:COUR - Get Free Report)'s stock had its "outperform" rating restated by equities research analysts at Telsey Advisory Group in a report released on Tuesday,Benzinga reports. They currently have a $15.00 price target on the stock. Telsey Advisory Group's price target indicates a potential upside of 93.92% from the stock's current price.

Several other brokerages have also recently issued reports on COUR. Scotiabank started coverage on shares of Coursera in a research note on Thursday, December 5th. They set a "sector perform" rating and a $9.00 price objective for the company. Morgan Stanley dropped their target price on shares of Coursera from $15.00 to $10.00 and set an "overweight" rating for the company in a research report on Friday, October 25th. Needham & Company LLC reaffirmed a "buy" rating and set a $11.00 price target on shares of Coursera in a research report on Monday. JPMorgan Chase & Co. assumed coverage on shares of Coursera in a research note on Monday, November 25th. They issued a "neutral" rating and a $8.00 target price on the stock. Finally, Cantor Fitzgerald reaffirmed an "overweight" rating and set a $10.00 price target on shares of Coursera in a research report on Thursday, December 5th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and nine have issued a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $10.13.

Coursera Stock Performance

Coursera stock traded down $0.73 during trading on Tuesday, hitting $7.74. The company's stock had a trading volume of 2,388,001 shares, compared to its average volume of 1,653,671. The stock's fifty day moving average is $8.46 and its 200 day moving average is $7.99. Coursera has a 1-year low of $6.29 and a 1-year high of $20.56. The stock has a market capitalization of $1.23 billion, a price-to-earnings ratio of -15.20 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 business'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 completion of the transaction, the senior vice president now owns 194,082 shares in the company, valued at $1,325,580.06. The trade was a 3.05 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 16.30% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Coursera

A number of hedge funds have recently added to or reduced their stakes in the stock. FMR LLC increased its holdings in shares of Coursera by 67.6% during 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 raised its stake in Coursera by 82.3% during 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. Quarry LP boosted its position in Coursera by 936.6% during the 2nd quarter. Quarry LP now owns 10,356 shares of the company's stock worth $74,000 after acquiring an additional 9,357 shares during the period. KBC Group NV grew its stake in Coursera by 90.7% during the 4th quarter. KBC Group NV now owns 9,203 shares of the company's stock valued at $78,000 after acquiring an additional 4,376 shares in the last quarter. Finally, Versor Investments LP purchased a new stake in Coursera in the 3rd quarter worth approximately $106,000. 89.55% of the stock is currently owned by institutional investors.

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.