Coursera (NYSE:COUR) Given New $8.50 Price Target at UBS Group

Coursera (NYSE:COUR) had its price target increased by UBS Group from $7.50 to $8.50 in a research report sent to investors on Friday morning,Benzinga reports. UBS Group currently has a neutral rating on the stock.

Several other analysts have also recently commented on the stock. Royal Bank of Canada restated an “outperform” rating and issued a $10.00 target price on shares of Coursera in a research note on Friday. 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. 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. Needham & Company LLC reissued a “buy” rating and issued a $11.00 price target on shares of Coursera in a report on Monday, January 27th. Finally, Scotiabank assumed coverage on Coursera in a report on Thursday, December 5th. They set a “sector perform” rating and a $9.00 price objective on the stock. One analyst has rated the stock with a sell rating, four have given a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $10.13.

Coursera Stock Down 8.9 %

Shares of NYSE COUR opened at $7.71 on Friday. The stock has a fifty day moving average price of $8.47 and a 200 day moving average price of $8.00. Coursera has a 1-year low of $6.29 and a 1-year high of $20.56.

Insider Activity at Coursera

In other Coursera news, SVP Alan B. Cardenas sold 6,102 shares of the firm’s 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 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 transaction was disclosed in a filing with the SEC, which is accessible through this link. 16.30% of the stock is owned by corporate insiders.

Institutional Trading of Coursera

A number of large investors have recently made changes to their positions in COUR. FMR LLC raised its stake 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 purchasing an additional 2,651 shares during the last quarter. CWM LLC grew its holdings in shares of Coursera by 82.3% during the third quarter. CWM LLC now owns 7,128 shares of the company’s stock worth $57,000 after buying an additional 3,217 shares in the last quarter. Quarry LP raised its position in shares of Coursera by 936.6% in the second quarter. Quarry LP now owns 10,356 shares of the company’s stock valued at $74,000 after buying an additional 9,357 shares during the last quarter. KBC Group NV lifted its stake in shares of Coursera by 90.7% during the fourth quarter. KBC Group NV now owns 9,203 shares of the company’s stock valued at $78,000 after buying an additional 4,376 shares during the period. Finally, Versor Investments LP acquired a new stake in Coursera during the third quarter worth approximately $106,000. Institutional investors and hedge funds 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.