Coursera, Inc. (NYSE:COUR) Receives $10.52 Average Price Target from Analysts

Shares of Coursera, Inc. (NYSE:COUR) have been assigned a consensus recommendation of “Moderate Buy” from the thirteen ratings firms that are covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and nine have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $10.52.

COUR has been the topic of several recent analyst reports. Scotiabank started coverage on shares of Coursera in a research report on Thursday, December 5th. They set a “sector perform” rating and a $9.00 price objective on the stock. The Goldman Sachs Group decreased their price target on shares of Coursera from $9.00 to $7.25 and set a “sell” rating on the stock in a research note on Friday, October 25th. Royal Bank of Canada cut their price objective on Coursera from $18.00 to $10.00 and set an “outperform” rating for the company in a research report on Friday, October 25th. JPMorgan Chase & Co. started coverage on Coursera in a research report on Monday, November 25th. They issued a “neutral” rating and a $8.00 target price on the stock. Finally, BMO Capital Markets cut their price target on Coursera from $10.00 to $9.00 and set an “outperform” rating for the company in a report on Friday, October 25th.

Insider Activity

In other news, SVP Alan B. Cardenas sold 6,102 shares of the stock in a transaction on Monday, November 18th. The shares were sold at an average price of $6.83, for a total value 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 represents a 3.05 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 16.30% of the company’s stock.

Hedge Funds Weigh In On Coursera

A number of large investors have recently made changes to their positions in the company. Millennium Management LLC lifted its stake in Coursera by 67.0% in the second quarter. Millennium Management LLC now owns 2,800,912 shares of the company’s stock worth $20,055,000 after purchasing an additional 1,123,397 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Coursera by 61.6% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,647,619 shares of the company’s stock worth $13,082,000 after acquiring an additional 628,140 shares during the last quarter. Senvest Management LLC boosted its holdings in Coursera by 994.7% during the 3rd quarter. Senvest Management LLC now owns 642,806 shares of the company’s stock valued at $5,104,000 after acquiring an additional 584,085 shares during the period. Acadian Asset Management LLC grew its position in Coursera by 101.9% in the 2nd quarter. Acadian Asset Management LLC now owns 940,592 shares of the company’s stock valued at $6,731,000 after acquiring an additional 474,723 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Coursera in the third quarter worth $3,090,000. 89.55% of the stock is owned by hedge funds and other institutional investors.

Coursera Trading Down 3.0 %

Shares of COUR opened at $8.30 on Friday. The business’s 50 day moving average is $8.01 and its 200 day moving average is $7.84. Coursera has a 12-month low of $6.29 and a 12-month high of $20.73. The company has a market capitalization of $1.31 billion, a PE ratio of -16.27 and a beta of 1.44.

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.