Coursera, Inc. (NYSE:COUR) Receives $10.13 Consensus Target Price from Brokerages

Coursera, Inc. (NYSE:COUR) has received an average rating of “Moderate Buy” from the thirteen analysts that are currently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and eight have issued a buy recommendation on the company. The average 12-month price target among brokerages that have covered the stock in the last year is $10.13.

A number of equities research analysts recently issued reports on COUR shares. Royal Bank of Canada reissued an “outperform” rating and issued a $10.00 target price on shares of Coursera in a research report on Friday, January 31st. Scotiabank initiated coverage on Coursera in a report on Thursday, December 5th. They set a “sector perform” rating and a $9.00 price target for the company. Needham & Company LLC reissued a “buy” rating and issued a $11.00 price target on shares of Coursera in a research note on Monday, January 27th. Telsey Advisory Group restated an “outperform” rating and set a $15.00 target price on shares of Coursera in a research report on Tuesday, January 28th. Finally, JPMorgan Chase & Co. initiated coverage on Coursera in a report on Monday, November 25th. They issued a “neutral” rating and a $8.00 target price on the stock.

Coursera Stock Down 0.2 %

Coursera stock opened at $8.10 on Monday. Coursera has a 12-month low of $6.29 and a 12-month high of $16.42. The stock has a market cap of $1.28 billion, a price-to-earnings ratio of -15.58 and a beta of 1.42. The business’s 50-day simple moving average is $8.40 and its 200 day simple moving average is $7.99.

Insider Activity

In other news, SVP Alan B. Cardenas sold 5,613 shares of the business’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 value of $46,363.38. Following the completion of the transaction, the senior vice president now owns 180,413 shares of the company’s stock, valued at $1,490,211.38. The trade was a 3.02 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 15.90% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Mackenzie Financial Corp acquired a new stake in shares of Coursera during the fourth quarter worth $1,066,000. Cache Advisors LLC acquired a new stake in shares of Coursera in the 4th quarter worth about $151,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Coursera by 0.9% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,662,492 shares of the company’s stock worth $14,131,000 after acquiring an additional 14,873 shares during the period. Wexford Capital LP bought a new position in Coursera in the 4th quarter valued at about $103,000. Finally, Squarepoint Ops LLC grew its position in Coursera by 51.5% in the 4th quarter. Squarepoint Ops LLC now owns 154,730 shares of the company’s stock valued at $1,315,000 after buying an additional 52,621 shares in the last quarter. 89.55% of the stock is currently 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.