Coursera, Inc. (NYSE:COUR) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of Coursera, Inc. (NYSE:COUR) have earned an average rating of “Moderate Buy” from the thirteen ratings firms that are currently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell rating, four have given a hold rating and eight have assigned a buy rating to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $10.13.

COUR has been the topic of several recent research reports. Cantor Fitzgerald reissued an “overweight” rating and issued a $10.00 price objective on shares of Coursera in a research note on Thursday, December 5th. JPMorgan Chase & Co. initiated coverage on shares of Coursera in a research note on Monday, November 25th. They set a “neutral” rating and a $8.00 price target on the stock. Telsey Advisory Group reissued an “outperform” rating and set a $15.00 price target on shares of Coursera in a report on Tuesday, January 28th. UBS Group lifted their price objective on Coursera from $7.50 to $8.50 and gave the company a “neutral” rating in a report on Friday, January 31st. Finally, Needham & Company LLC reissued a “buy” rating and set a $11.00 target price on shares of Coursera in a research note on Monday, January 27th.

Insider Activity

In other news, SVP Alan B. Cardenas sold 5,613 shares of the business’s stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $8.26, for a total transaction of $46,363.38. Following the completion of the sale, the senior vice president now owns 180,413 shares in the company, valued at approximately $1,490,211.38. The trade was a 3.02 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 16.30% of the company’s stock.

Institutional Investors Weigh In On Coursera

Large investors have recently made changes to their positions in the business. Vanguard Group Inc. increased its holdings in Coursera by 3.8% in the 4th quarter. Vanguard Group Inc. now owns 12,147,159 shares of the company’s stock valued at $103,251,000 after purchasing an additional 440,948 shares in the last quarter. State Street Corp raised its holdings in shares of Coursera by 2.2% during the 3rd quarter. State Street Corp now owns 2,947,168 shares of the company’s stock valued at $23,401,000 after buying an additional 63,549 shares during the period. Geode Capital Management LLC lifted its position in Coursera by 7.3% during the 3rd quarter. Geode Capital Management LLC now owns 2,922,953 shares of the company’s stock worth $23,214,000 after acquiring an additional 199,050 shares in the last quarter. Invenomic Capital Management LP lifted its position in Coursera by 6.9% during the 3rd quarter. Invenomic Capital Management LP now owns 2,690,363 shares of the company’s stock worth $21,361,000 after acquiring an additional 172,585 shares in the last quarter. Finally, Norges Bank purchased a new position in Coursera in the 4th quarter worth approximately $17,010,000. Institutional investors and hedge funds own 89.55% of the company’s stock.

Coursera Price Performance

Shares of Coursera stock opened at $7.12 on Friday. The stock has a market capitalization of $1.14 billion, a price-to-earnings ratio of -13.68 and a beta of 1.40. The firm’s fifty day simple moving average is $8.03 and its 200-day simple moving average is $7.90. Coursera has a 12 month low of $6.29 and a 12 month high of $14.63.

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.