Coursera’s (COUR) “Overweight” Rating Reaffirmed at Cantor Fitzgerald

Cantor Fitzgerald restated their overweight rating on shares of Coursera (NYSE:COUR) in a research note published on Thursday morning,Benzinga reports. The firm currently has a $10.00 target price on the stock.

A number of other brokerages also recently issued reports on COUR. Telsey Advisory Group reissued an “outperform” rating and set a $18.00 price objective on shares of Coursera in a research report on Monday, October 21st. Royal Bank of Canada reduced their price target on 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 lowered their price objective on Coursera from $15.00 to $11.00 and set a “buy” rating on the stock in a research report on Friday, October 25th. KeyCorp reduced their target price on shares of Coursera from $12.00 to $11.00 and set an “overweight” rating for the company in a report on Friday, October 25th. Finally, Morgan Stanley lowered their price target on shares of Coursera from $15.00 to $10.00 and set an “overweight” rating on the stock in a report on Friday, October 25th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $10.52.

Coursera Trading Down 1.4 %

Shares of NYSE COUR opened at $8.25 on Thursday. Coursera has a 12-month low of $6.29 and a 12-month high of $21.26. The firm has a market capitalization of $1.31 billion, a price-to-earnings ratio of -16.17 and a beta of 1.49. The firm has a 50 day moving average of $7.50 and a 200 day moving average of $7.61.

Insider Activity at Coursera

In related news, Director Andrew Y. Ng sold 6,221 shares of the stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $8.03, for a total transaction of $49,954.63. Following the completion of the transaction, the director now directly owns 7,297,671 shares of the company’s stock, valued at approximately $58,600,298.13. This represents a 0.09 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Alan B. Cardenas sold 6,102 shares of Coursera stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $6.83, for a total value of $41,676.66. Following the completion of the sale, the senior vice president now directly owns 194,082 shares in the company, valued at approximately $1,325,580.06. The trade was a 3.05 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 13,885 shares of company stock valued at $102,815. Corporate insiders own 16.30% of the company’s stock.

Hedge Funds Weigh In On Coursera

Institutional investors and hedge funds have recently made changes to their positions in the business. CWM LLC lifted its holdings in shares of Coursera by 7,568.6% in the 2nd quarter. CWM LLC now owns 3,911 shares of the company’s stock valued at $28,000 after acquiring an additional 3,860 shares during the last quarter. FMR LLC raised its position in Coursera by 67.6% during the third 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. nVerses Capital LLC lifted its stake in shares of Coursera by 26.1% in the 2nd quarter. nVerses Capital LLC now owns 8,700 shares of the company’s stock valued at $62,000 after purchasing an additional 1,800 shares during the last quarter. LGT Group Foundation purchased a new position in shares of Coursera in the 2nd quarter worth approximately $73,000. Finally, Quarry LP boosted its holdings in shares of Coursera by 936.6% in the 2nd quarter. Quarry LP now owns 10,356 shares of the company’s stock worth $74,000 after purchasing an additional 9,357 shares during the period. 89.55% of the stock is owned by hedge funds and other institutional investors.

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.