Coursera, Inc. (NYSE:COUR) Given Consensus Rating of “Hold” by Analysts

Shares of Coursera, Inc. (NYSE:COUR) have earned an average rating of “Hold” from the thirteen brokerages that are currently covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and seven have given a buy rating to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $9.75.

Several research analysts have weighed in on the stock. Bank of America reaffirmed an “underperform” rating and set a $7.00 target price on shares of Coursera in a research note on Thursday, March 27th. Royal Bank of Canada reiterated an “outperform” rating and issued a $10.00 target price on shares of Coursera in a report on Friday, January 31st. JPMorgan Chase & Co. decreased their price target on Coursera from $8.00 to $7.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 8th. Needham & Company LLC reiterated a “buy” rating and issued a $11.00 price objective on shares of Coursera in a report on Monday, January 27th. Finally, UBS Group raised their target price on Coursera from $7.50 to $8.50 and gave the company a “neutral” rating in a report on Friday, January 31st.

Insider Activity

In related news, SVP Alan B. Cardenas sold 5,613 shares of the firm’s stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $8.26, for a total value of $46,363.38. Following the completion of the transaction, the senior vice president now directly owns 180,413 shares of the company’s stock, valued at $1,490,211.38. This trade represents a 3.02 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 16.30% of the company’s stock.

Institutional Trading of Coursera

Several large investors have recently bought and sold shares of the company. Norges Bank purchased a new stake in shares of Coursera in the 4th quarter worth about $17,010,000. Two Sigma Investments LP acquired a new position in Coursera during the fourth quarter worth about $8,710,000. Ameriprise Financial Inc. raised its position in Coursera by 253.1% during the fourth quarter. Ameriprise Financial Inc. now owns 1,424,354 shares of the company’s stock worth $12,107,000 after acquiring an additional 1,020,969 shares during the last quarter. BNP Paribas Financial Markets purchased a new stake in shares of Coursera in the fourth quarter valued at about $6,612,000. Finally, Senvest Management LLC grew its position in shares of Coursera by 89.0% in the fourth quarter. Senvest Management LLC now owns 1,214,798 shares of the company’s stock valued at $10,326,000 after purchasing an additional 571,992 shares during the last quarter. Institutional investors and hedge funds own 89.55% of the company’s stock.

Coursera Stock Up 0.9 %

Shares of Coursera stock opened at $6.85 on Tuesday. The firm has a market cap of $1.10 billion, a PE ratio of -13.17 and a beta of 1.42. Coursera has a 52 week low of $5.76 and a 52 week high of $13.11. The business’s fifty day simple moving average is $7.35 and its 200-day simple moving average is $7.75.

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.