Franklin Resources Inc. purchased a new stake in Coursera, Inc. (NYSE:COUR - Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 218,101 shares of the company's stock, valued at approximately $1,651,000. Franklin Resources Inc. owned 0.14% of Coursera at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also made changes to their positions in COUR. FMR LLC lifted its holdings in Coursera by 67.6% in the third quarter. FMR LLC now owns 6,574 shares of the company's stock worth $52,000 after purchasing an additional 2,651 shares during the period. CWM LLC boosted its holdings in shares of Coursera by 82.3% in the third quarter. CWM LLC now owns 7,128 shares of the company's stock valued at $57,000 after acquiring an additional 3,217 shares in the last quarter. nVerses Capital LLC increased its stake in shares of Coursera by 26.1% during the second quarter. nVerses Capital LLC now owns 8,700 shares of the company's stock valued at $62,000 after acquiring an additional 1,800 shares during the period. LGT Group Foundation bought a new stake in Coursera during the second quarter worth approximately $73,000. Finally, Quarry LP raised its holdings in Coursera by 936.6% during the second quarter. Quarry LP now owns 10,356 shares of the company's stock worth $74,000 after purchasing an additional 9,357 shares in the last quarter. 89.55% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several research firms have recently weighed in on COUR. The Goldman Sachs Group reduced their price objective on shares of Coursera from $9.00 to $7.25 and set a "sell" rating for the company in a research report on Friday, October 25th. KeyCorp reduced their target price on shares of Coursera from $12.00 to $11.00 and set an "overweight" rating for the company in a report on Friday, October 25th. Needham & Company LLC decreased their price target on shares of Coursera from $15.00 to $11.00 and set a "buy" rating on the stock in a research report on Friday, October 25th. Cantor Fitzgerald reiterated an "overweight" rating and set a $10.00 price objective on shares of Coursera in a research report on Thursday, December 5th. Finally, JPMorgan Chase & Co. started coverage on Coursera in a report on Monday, November 25th. They issued a "neutral" rating and a $8.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, Coursera presently has a consensus rating of "Moderate Buy" and an average price target of $10.52.
Read Our Latest Stock Analysis on COUR
Insider Activity
In other Coursera news, SVP Alan B. Cardenas sold 6,102 shares of Coursera 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 transaction, the senior vice president now directly 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 16.30% of the stock is owned by company insiders.
Coursera Stock Down 1.2 %
Shares of COUR stock traded down $0.10 during mid-day trading on Friday, reaching $8.39. The stock had a trading volume of 1,767,229 shares, compared to its average volume of 2,296,650. Coursera, Inc. has a one year low of $6.29 and a one year high of $20.73. The firm has a market cap of $1.33 billion, a PE ratio of -16.45 and a beta of 1.49. The firm's 50 day simple moving average is $7.76 and its 200 day simple moving average is $7.70.
Coursera Company Profile
(
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.
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