Coursera (NYSE:COUR) Trading Up 7.5% – Should You Buy?

Coursera, Inc. (NYSE:COUR) shares shot up 7.5% during trading on Wednesday . The company traded as high as $8.35 and last traded at $8.35. 1,376,193 shares were traded during trading, a decline of 40% from the average session volume of 2,295,121 shares. The stock had previously closed at $7.77.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on COUR shares. JPMorgan Chase & Co. began coverage on Coursera in a research report on Monday. They issued a “neutral” rating and a $8.00 price objective on the stock. Royal Bank of Canada cut their price target on shares of Coursera from $18.00 to $10.00 and set an “outperform” rating on the stock in a report on Friday, October 25th. BMO Capital Markets decreased their price objective on shares of Coursera from $10.00 to $9.00 and set an “outperform” rating for the company in a report on Friday, October 25th. Cantor Fitzgerald dropped their target price on shares of Coursera from $22.00 to $10.00 and set an “overweight” rating on the stock in a research note on Friday, October 25th. Finally, Bank of America started coverage on shares of Coursera in a research note on Thursday, September 19th. They set a “buy” rating and a $11.00 price target for the company. One research analyst has rated the stock with a sell rating, two have given a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $10.66.

Coursera Stock Up 5.5 %

The company’s fifty day moving average is $7.47 and its 200 day moving average is $7.63.

Insider Transactions at Coursera

In related news, Director Andrew Y. Ng sold 6,221 shares of the company’s stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $8.03, for a total transaction of $49,954.63. Following the sale, the director now owns 7,297,671 shares of the company’s stock, valued at approximately $58,600,298.13. This represents a 0.09 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Alan B. Cardenas sold 6,102 shares of the firm’s stock in a transaction on Monday, November 18th. The shares were 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. The trade was a 3.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 13,885 shares of company stock valued at $102,815 over the last three months. Company insiders own 16.30% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Franklin Resources Inc. purchased a new position in Coursera during the third quarter worth about $1,651,000. Geode Capital Management LLC boosted its position in shares of Coursera by 7.3% during the 3rd quarter. Geode Capital Management LLC now owns 2,922,953 shares of the company’s stock valued at $23,214,000 after acquiring an additional 199,050 shares during the last quarter. Barclays PLC grew its holdings in shares of Coursera by 24.4% during the third quarter. Barclays PLC now owns 962,122 shares of the company’s stock worth $7,640,000 after purchasing an additional 188,911 shares in the last quarter. XTX Topco Ltd increased its position in shares of Coursera by 19.0% in the third quarter. XTX Topco Ltd now owns 99,474 shares of the company’s stock worth $790,000 after purchasing an additional 15,891 shares during the last quarter. Finally, Zacks Investment Management raised its stake in Coursera by 9.6% in the third quarter. Zacks Investment Management now owns 83,448 shares of the company’s stock valued at $663,000 after purchasing an additional 7,334 shares in the last quarter. Institutional investors own 89.55% of the company’s stock.

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.