Brokerages Set Coursera, Inc. (NYSE:COUR) Price Target at $10.13

Coursera, Inc. (NYSE:COUR) has earned a consensus recommendation of “Moderate Buy” from the thirteen ratings firms that are covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, four have given a hold rating and eight have given a buy rating to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $10.13.

A number of research firms have issued reports on COUR. Needham & Company LLC reiterated a “buy” rating and set a $11.00 target price on shares of Coursera in a report on Monday, January 27th. Scotiabank assumed coverage on Coursera in a research report on Thursday, December 5th. They issued a “sector perform” rating and a $9.00 target price on the stock. Royal Bank of Canada reaffirmed an “outperform” rating and set a $10.00 price target on shares of Coursera in a research report on Friday, January 31st. Cantor Fitzgerald reiterated an “overweight” rating and issued a $10.00 price objective on shares of Coursera in a report on Thursday, December 5th. Finally, Telsey Advisory Group restated an “outperform” rating and set a $15.00 target price on shares of Coursera in a report on Tuesday, January 28th.

Insider Transactions at Coursera

In other news, SVP Alan B. Cardenas sold 5,613 shares of the stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $8.26, for a total value of $46,363.38. Following the transaction, the senior vice president now directly owns 180,413 shares of the company’s stock, valued at $1,490,211.38. This represents a 3.02 % decrease in their ownership of the stock. 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 corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Coursera by 1.8% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 101,948 shares of the company’s stock valued at $867,000 after buying an additional 1,785 shares in the last quarter. Pitcairn Co. grew its stake in shares of Coursera by 16.9% in the third quarter. Pitcairn Co. now owns 13,655 shares of the company’s stock valued at $108,000 after acquiring an additional 1,971 shares in the last quarter. Waterfront Wealth Inc. increased its position in Coursera by 1.7% during the fourth quarter. Waterfront Wealth Inc. now owns 156,411 shares of the company’s stock worth $1,329,000 after acquiring an additional 2,543 shares during the period. New York State Common Retirement Fund raised its stake in Coursera by 6.4% in the 4th quarter. New York State Common Retirement Fund now owns 42,368 shares of the company’s stock worth $360,000 after purchasing an additional 2,552 shares in the last quarter. Finally, FMR LLC boosted 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 purchasing an additional 2,651 shares during the period. Institutional investors and hedge funds own 89.55% of the company’s stock.

Coursera Stock Down 2.0 %

Shares of COUR stock opened at $7.26 on Friday. Coursera has a 12-month low of $6.29 and a 12-month high of $14.32. The firm has a fifty day moving average of $7.96 and a 200-day moving average of $7.89. The company has a market capitalization of $1.16 billion, a price-to-earnings ratio of -13.96 and a beta of 1.40.

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.