Needham & Company LLC Reaffirms Buy Rating for Coursera (NYSE:COUR)

Coursera (NYSE:COURGet Free Report)‘s stock had its “buy” rating restated by stock analysts at Needham & Company LLC in a research note issued to investors on Monday,Benzinga reports. They presently have a $11.00 price objective on the stock. Needham & Company LLC’s price objective suggests a potential upside of 15.12% from the stock’s current price.

A number of other analysts also recently issued reports on the company. Royal Bank of Canada cut their price objective on Coursera from $18.00 to $10.00 and set an “outperform” rating for the company in a research report on Friday, October 25th. Telsey Advisory Group restated an “outperform” rating and issued a $18.00 price objective on shares of Coursera in a report on Monday, October 21st. JPMorgan Chase & Co. began coverage on Coursera in a research report on Monday, November 25th. They issued a “neutral” rating and a $8.00 target price on the stock. Morgan Stanley dropped their price objective on Coursera from $15.00 to $10.00 and set an “overweight” rating for the company in a research note on Friday, October 25th. Finally, BMO Capital Markets decreased their target price on Coursera from $10.00 to $9.00 and set an “outperform” rating on the stock in a research note on Friday, October 25th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, Coursera currently has an average rating of “Moderate Buy” and an average price target of $10.27.

View Our Latest Research Report on COUR

Coursera Stock Performance

COUR stock opened at $9.56 on Monday. Coursera has a one year low of $6.29 and a one year high of $20.73. The firm has a market cap of $1.51 billion, a PE ratio of -18.74 and a beta of 1.44. The firm’s 50 day moving average price is $8.37 and its 200-day moving average price is $7.98.

Insider Transactions at Coursera

In related news, SVP Alan B. Cardenas sold 6,102 shares of the business’s stock in a transaction on Monday, November 18th. The shares were 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 of the company’s stock, valued at $1,325,580.06. The trade was a 3.05 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 16.30% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. FMR LLC increased its position in Coursera by 67.6% in the 3rd quarter. FMR LLC now owns 6,574 shares of the company’s stock valued at $52,000 after acquiring an additional 2,651 shares during the period. CWM LLC increased its holdings in shares of Coursera by 82.3% in the third quarter. CWM LLC now owns 7,128 shares of the company’s stock valued at $57,000 after purchasing an additional 3,217 shares during the period. Quarry LP lifted its holdings in shares of Coursera by 936.6% during the second 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. KBC Group NV grew its position in Coursera by 90.7% in the 4th quarter. KBC Group NV now owns 9,203 shares of the company’s stock valued at $78,000 after buying an additional 4,376 shares during the last quarter. Finally, Versor Investments LP acquired a new position in Coursera in the 3rd quarter valued at $106,000. Institutional investors and hedge funds own 89.55% of the company’s stock.

Coursera Company Profile

(Get Free Report)

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.

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Analyst Recommendations for Coursera (NYSE:COUR)

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