Brokerages Set Coursera, Inc. (NYSE:COUR) Target Price at $10.93

Shares of Coursera, Inc. (NYSE:COUR) have been assigned a consensus recommendation of “Moderate Buy” from the eleven ratings firms that are currently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, one has issued a hold rating and nine have issued a buy rating on the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $10.93.

Several research firms recently commented on COUR. Royal Bank of Canada reduced their price target on shares of Coursera from $18.00 to $10.00 and set an “outperform” rating for the company in a research report on Friday, October 25th. Needham & Company LLC dropped their price objective on shares of Coursera from $15.00 to $11.00 and set a “buy” rating on the stock in a research note on Friday, October 25th. BMO Capital Markets decreased their target price on shares of Coursera from $10.00 to $9.00 and set an “outperform” rating for the company in a research note on Friday, October 25th. Telsey Advisory Group restated an “outperform” rating and issued a $18.00 price target on shares of Coursera in a research report on Monday, October 21st. Finally, Bank of America began coverage on Coursera in a research note on Thursday, September 19th. They set a “buy” rating and a $11.00 price objective for the company.

Insider Activity

In related news, Director Andrew Y. Ng sold 6,221 shares of the firm’s stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $8.03, for a total value of $49,954.63. Following the completion of the sale, the director now owns 7,297,671 shares in the company, valued at $58,600,298.13. This trade represents a 0.09 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 16.30% of the company’s stock.

Institutional Investors Weigh In On Coursera

Institutional investors and hedge funds have recently modified their holdings of the company. The Manufacturers Life Insurance Company raised its position in Coursera by 1.8% during the second quarter. The Manufacturers Life Insurance Company now owns 70,457 shares of the company’s stock worth $504,000 after acquiring an additional 1,276 shares during the last quarter. nVerses Capital LLC grew its holdings in Coursera by 26.1% during the 2nd quarter. nVerses Capital LLC now owns 8,700 shares of the company’s stock valued at $62,000 after buying an additional 1,800 shares during the last quarter. Covestor Ltd increased its position in Coursera by 72.9% during the first quarter. Covestor Ltd now owns 4,378 shares of the company’s stock worth $61,000 after buying an additional 1,846 shares in the last quarter. Pitcairn Co. increased its position in Coursera by 16.9% during the third quarter. Pitcairn Co. now owns 13,655 shares of the company’s stock worth $108,000 after buying an additional 1,971 shares in the last quarter. Finally, ProShare Advisors LLC raised its holdings in shares of Coursera by 10.3% in the first quarter. ProShare Advisors LLC now owns 23,787 shares of the company’s stock worth $333,000 after acquiring an additional 2,224 shares during the last quarter. Institutional investors and hedge funds own 89.55% of the company’s stock.

Coursera Trading Down 0.9 %

Shares of NYSE COUR opened at $6.87 on Friday. The stock has a market cap of $1.09 billion, a P/E ratio of -13.47 and a beta of 1.44. Coursera has a twelve month low of $6.29 and a twelve month high of $21.26. The stock has a 50 day moving average of $7.53 and a two-hundred day moving average of $7.71.

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.