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

Coursera (NYSE:COUR - Get Free Report)'s stock had its "outperform" rating reiterated by investment analysts at Telsey Advisory Group in a report released on Tuesday,Benzinga reports. They currently have a $12.00 target price on the stock. Telsey Advisory Group's target price suggests a potential upside of 68.30% from the company's current price.

Several other brokerages also recently issued reports on COUR. Morgan Stanley cut their price target on shares of Coursera from $10.00 to $9.00 and set an "overweight" rating for the company in a report on Wednesday, April 16th. UBS Group lifted their target price on shares of Coursera from $7.50 to $8.50 and gave the company a "neutral" rating in a research note on Friday, January 31st. Bank of America restated an "underperform" rating and set a $7.00 price target on shares of Coursera in a research report on Thursday, March 27th. 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. Finally, JPMorgan Chase & Co. decreased their target price on Coursera from $8.00 to $7.00 and set a "neutral" rating on the stock in a report on Tuesday, April 8th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat, Coursera has an average rating of "Hold" and a consensus target price of $9.44.

Coursera Price Performance

Coursera stock opened at $7.13 on Tuesday. Coursera has a 52-week low of $5.76 and a 52-week high of $12.37. The stock has a fifty day moving average price of $7.28 and a two-hundred day moving average price of $7.73. The firm has a market capitalization of $1.15 billion, a P/E ratio of -13.71 and a beta of 1.42.

Insider Transactions at Coursera

In related news, SVP Alan B. Cardenas sold 5,613 shares of the company's stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $8.26, for a total value of $46,363.38. Following the completion of the sale, the senior vice president now owns 180,413 shares in the company, valued at approximately $1,490,211.38. This represents a 3.02 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 16.80% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Coursera

Institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. raised its position in shares of Coursera by 3.8% in the 4th quarter. Vanguard Group Inc. now owns 12,147,159 shares of the company's stock valued at $103,251,000 after acquiring an additional 440,948 shares during the period. Geode Capital Management LLC increased its stake in Coursera by 7.3% in the third 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 in the last quarter. Norges Bank acquired a new stake in Coursera in the fourth quarter worth $17,010,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Coursera by 0.9% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,662,492 shares of the company's stock worth $14,131,000 after purchasing an additional 14,873 shares in the last quarter. Finally, Ameriprise Financial Inc. grew its holdings in shares of Coursera by 253.1% in the 4th quarter. Ameriprise Financial Inc. now owns 1,424,354 shares of the company's stock valued at $12,107,000 after buying an additional 1,020,969 shares during the period. 89.55% of the stock is currently owned by institutional investors and hedge funds.

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.

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