Coursera, Inc. (NYSE:COUR) Receives $10.13 Consensus Price Target from Brokerages

Coursera, Inc. (NYSE:COUR) has earned a consensus rating of “Moderate Buy” from the thirteen analysts that are currently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have given a buy rating to the company. The average 12-month price target among brokers that have covered the stock in the last year is $10.13.

Several analysts have recently weighed in on COUR shares. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $10.00 price objective on shares of Coursera in a report on Thursday, December 5th. 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. JPMorgan Chase & Co. assumed coverage on shares of Coursera in a report on Monday, November 25th. They issued a “neutral” rating and a $8.00 price target for the company. Royal Bank of Canada reissued an “outperform” rating and issued a $10.00 price target on shares of Coursera in a report on Friday, January 31st. Finally, Telsey Advisory Group reissued an “outperform” rating and issued a $15.00 price target on shares of Coursera in a report on Tuesday, January 28th.

Coursera Trading Up 0.1 %

NYSE COUR opened at $7.13 on Friday. The firm has a market cap of $1.14 billion, a price-to-earnings ratio of -13.70 and a beta of 1.40. The company has a 50 day moving average of $8.00 and a 200-day moving average of $7.89. Coursera has a 1-year low of $6.29 and a 1-year high of $14.32.

Insider Buying and Selling at Coursera

In related news, SVP Alan B. Cardenas sold 5,613 shares of the company’s stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $8.26, for a total value of $46,363.38. Following the completion of the sale, the senior vice president now owns 180,413 shares in the company, valued at $1,490,211.38. This represents a 3.02 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 16.30% of the company’s stock.

Institutional Trading of Coursera

Large investors have recently made changes to their positions in the company. Algert Global LLC increased its position in shares of Coursera by 17.7% in the 3rd quarter. Algert Global LLC now owns 475,496 shares of the company’s stock valued at $3,775,000 after buying an additional 71,382 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Coursera by 7.3% in the 3rd quarter. Geode Capital Management LLC now owns 2,922,953 shares of the company’s stock valued at $23,214,000 after buying an additional 199,050 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Coursera in the 3rd quarter valued at $3,090,000. Franklin Resources Inc. bought a new stake in shares of Coursera in the 3rd quarter valued at $1,651,000. Finally, SBI Securities Co. Ltd. bought a new stake in shares of Coursera in the 4th quarter valued at $35,000. Institutional investors own 89.55% of the company’s stock.

About Coursera

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.