Coursera, Inc. (NYSE:COUR) Receives $10.13 Average PT from Analysts

Shares of Coursera, Inc. (NYSE:COUR) have been given an average recommendation of “Moderate Buy” by the thirteen research firms that are covering the firm, MarketBeat reports. One analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and eight have given a buy recommendation to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $10.13.

Several equities analysts recently issued reports on COUR shares. Scotiabank initiated 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. Cantor Fitzgerald reissued an “overweight” rating and issued a $10.00 target price on shares of Coursera in a research note on Thursday, December 5th. UBS Group lifted their price target on shares of Coursera from $7.50 to $8.50 and gave the company a “neutral” rating in a research report on Friday, January 31st. Telsey Advisory Group restated an “outperform” rating and issued a $15.00 price target on shares of Coursera in a research note on Tuesday, January 28th. Finally, JPMorgan Chase & Co. started coverage on shares of Coursera in a research report on Monday, November 25th. They issued a “neutral” rating and a $8.00 price target for the company.

Coursera Trading Down 0.2 %

Shares of COUR opened at $8.10 on Monday. The stock has a fifty day moving average price of $8.40 and a 200-day moving average price of $7.99. Coursera has a 12 month low of $6.29 and a 12 month high of $16.42. The firm has a market cap of $1.28 billion, a PE ratio of -15.58 and a beta of 1.42.

Insiders Place Their Bets

In related news, SVP Alan B. Cardenas sold 5,613 shares of the company’s stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $8.26, for a total transaction of $46,363.38. Following the transaction, the senior vice president now owns 180,413 shares of the company’s stock, valued at approximately $1,490,211.38. This represents a 3.02 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 15.90% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Coursera

Large investors have recently bought and sold shares of the stock. CWM LLC increased its position in shares of Coursera by 82.3% in the third quarter. CWM LLC now owns 7,128 shares of the company’s stock worth $57,000 after acquiring an additional 3,217 shares in the last quarter. Creative Planning raised its position in shares of Coursera by 174.6% during the 3rd quarter. Creative Planning now owns 81,092 shares of the company’s stock worth $644,000 after buying an additional 51,564 shares in the last quarter. Assenagon Asset Management S.A. grew its stake in shares of Coursera by 6.3% in the 3rd quarter. Assenagon Asset Management S.A. now owns 1,413,641 shares of the company’s stock worth $11,224,000 after purchasing an additional 83,369 shares during the last quarter. Janney Montgomery Scott LLC acquired a new position in shares of Coursera in the 3rd quarter worth approximately $835,000. Finally, Harbor Capital Advisors Inc. increased its position in shares of Coursera by 11.2% in the third quarter. Harbor Capital Advisors Inc. now owns 26,424 shares of the company’s stock worth $210,000 after acquiring an additional 2,658 shares in the last quarter. Hedge funds and other 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.