Coursera, Inc. (NYSE:COUR) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of Coursera, Inc. (NYSE:COUR) have been assigned a consensus recommendation of “Moderate Buy” from the thirteen ratings firms that are currently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and nine have issued a buy recommendation on the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $10.52.

A number of research firms recently issued reports on COUR. Scotiabank started coverage on shares of Coursera in a research note on Thursday, December 5th. They issued a “sector perform” rating and a $9.00 price target on the stock. Bank of America started coverage on Coursera in a research note on Thursday, September 19th. They set a “buy” rating and a $11.00 price objective on the stock. Cantor Fitzgerald restated an “overweight” rating and set a $10.00 price target on shares of Coursera in a report on Thursday, December 5th. JPMorgan Chase & Co. began coverage on shares of Coursera in a report on Monday, November 25th. They issued a “neutral” rating and a $8.00 price objective on the stock. Finally, BMO Capital Markets decreased their price target on Coursera from $10.00 to $9.00 and set an “outperform” rating on the stock in a research note on Friday, October 25th.

Coursera Trading Down 0.8 %

Coursera stock opened at $8.50 on Wednesday. The firm has a market cap of $1.35 billion, a PE ratio of -16.66 and a beta of 1.49. The stock’s 50 day simple moving average is $7.53 and its two-hundred day simple moving average is $7.61. Coursera has a 12 month low of $6.29 and a 12 month high of $21.26.

Insiders Place Their Bets

In other Coursera news, 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 transaction of $41,676.66. Following the transaction, the senior vice president now 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 transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Andrew Y. Ng sold 6,221 shares of the stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $8.03, for a total transaction of $49,954.63. Following the sale, the director now owns 7,297,671 shares of the company’s stock, valued at $58,600,298.13. This trade represents a 0.09 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 13,885 shares of company stock valued at $102,815 in the last ninety days. Insiders own 16.30% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. CWM LLC grew its holdings in Coursera by 7,568.6% during the second quarter. CWM LLC now owns 3,911 shares of the company’s stock worth $28,000 after acquiring an additional 3,860 shares during the period. FMR LLC lifted its stake in shares of 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 buying an additional 2,651 shares during the period. nVerses Capital LLC grew its position in shares of Coursera by 26.1% in the second 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 period. LGT Group Foundation purchased a new stake in Coursera in the 2nd quarter valued at about $73,000. Finally, Quarry LP increased its position in 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 last quarter. 89.55% of the stock is owned by hedge funds and other institutional investors.

About Coursera

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.