Analysts Set Coursera, Inc. (NYSE:COUR) Target Price at $10.52

Coursera, Inc. (NYSE:COUR) has received an average rating of “Moderate Buy” from the thirteen brokerages that are covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have assigned a buy rating to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $10.52.

Several research analysts have issued reports on the company. Morgan Stanley dropped their target price on Coursera from $15.00 to $10.00 and set an “overweight” rating on the stock in a research report on Friday, October 25th. Bank of America started coverage on shares of Coursera in a research note on Thursday, September 19th. They issued a “buy” rating and a $11.00 price objective on the stock. KeyCorp cut their target price on shares of Coursera from $12.00 to $11.00 and set an “overweight” rating for the company in a research report on Friday, October 25th. BMO Capital Markets reduced their target price 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. Finally, Scotiabank began coverage on shares of Coursera in a research note on Thursday, December 5th. They set a “sector perform” rating and a $9.00 price target on the stock.

Coursera Price Performance

COUR stock opened at $8.85 on Wednesday. Coursera has a 1 year low of $6.29 and a 1 year high of $20.73. The company has a market cap of $1.40 billion, a P/E ratio of -17.35 and a beta of 1.49. The stock’s fifty day moving average price is $7.62 and its 200-day moving average price is $7.64.

Insider Buying and Selling

In related news, SVP Alan B. Cardenas sold 6,102 shares of Coursera 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 sale, the senior vice president now 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 15.90% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Coursera

A number of institutional investors have recently added to or reduced their stakes in the stock. CWM LLC lifted its holdings in shares of Coursera by 7,568.6% in the second quarter. CWM LLC now owns 3,911 shares of the company’s stock worth $28,000 after buying an additional 3,860 shares in the last quarter. FMR LLC increased its holdings in Coursera by 67.6% in the 3rd quarter. FMR LLC now owns 6,574 shares of the company’s stock valued at $52,000 after acquiring an additional 2,651 shares during the last quarter. nVerses Capital LLC lifted its stake in Coursera by 26.1% in the 2nd quarter. nVerses Capital LLC now owns 8,700 shares of the company’s stock worth $62,000 after purchasing an additional 1,800 shares in the last quarter. LGT Group Foundation purchased a new stake in Coursera in the 2nd quarter worth $73,000. Finally, Quarry LP boosted its holdings in shares of Coursera by 936.6% during the 2nd quarter. Quarry LP now owns 10,356 shares of the company’s stock valued at $74,000 after purchasing an additional 9,357 shares during the last quarter. 89.55% of the stock is owned by hedge funds and other 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.