Coursera (NYSE:COUR) Price Target Raised to $8.50

Coursera (NYSE:COUR) had its price objective raised by analysts at UBS Group from $7.50 to $8.50 in a research note issued on Friday,Benzinga reports. The firm currently has a “neutral” rating on the stock. UBS Group’s target price suggests a potential upside of 9.75% from the stock’s current price.

A number of other research analysts have also recently issued reports on the stock. Morgan Stanley dropped their target price on shares of Coursera from $15.00 to $10.00 and set an “overweight” rating for the company in a report on Friday, October 25th. Cantor Fitzgerald reissued an “overweight” rating and set a $10.00 price objective on shares of Coursera in a research note on Thursday, December 5th. Scotiabank started coverage on shares of Coursera in a research note on Thursday, December 5th. They set a “sector perform” rating and a $9.00 price objective for the company. JPMorgan Chase & Co. started coverage on shares of Coursera in a research note on Monday, November 25th. They set a “neutral” rating and a $8.00 price objective for the company. Finally, KeyCorp lowered their target price on shares of Coursera from $12.00 to $11.00 and set an “overweight” rating for the company in a research note on Friday, October 25th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $10.13.

Coursera Price Performance

Coursera stock traded down $0.72 during mid-day trading on Friday, reaching $7.75. The company had a trading volume of 2,002,858 shares, compared to its average volume of 1,634,017. Coursera has a 1 year low of $6.29 and a 1 year high of $20.56. The company has a market capitalization of $1.23 billion, a P/E ratio of -15.19 and a beta of 1.44. The stock’s 50-day simple moving average is $8.46 and its 200-day simple moving average is $7.99.

Insider Buying and Selling at Coursera

In related news, SVP Alan B. Cardenas sold 6,102 shares of Coursera stock in a transaction on Monday, November 18th. The shares were 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 in the company, valued at approximately $1,325,580.06. The trade was a 3.05 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 16.30% of the stock is owned by company insiders.

Hedge Funds Weigh In On Coursera

A number of institutional investors have recently added to or reduced their stakes in COUR. Dimensional Fund Advisors LP increased its position in shares of Coursera by 0.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,655,040 shares of the company’s stock worth $19,007,000 after purchasing an additional 15,694 shares during the last quarter. Sei Investments Co. increased its position in shares of Coursera by 85.9% in the 2nd quarter. Sei Investments Co. now owns 305,065 shares of the company’s stock worth $2,184,000 after purchasing an additional 140,978 shares during the last quarter. AQR Capital Management LLC grew its position in shares of Coursera by 20.3% during the 2nd quarter. AQR Capital Management LLC now owns 174,976 shares of the company’s stock valued at $1,253,000 after buying an additional 29,528 shares during the last quarter. Millennium Management LLC grew its position in shares of Coursera by 67.0% during the 2nd quarter. Millennium Management LLC now owns 2,800,912 shares of the company’s stock valued at $20,055,000 after buying an additional 1,123,397 shares during the last quarter. Finally, The Manufacturers Life Insurance Company grew its position in shares of Coursera by 1.8% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 70,457 shares of the company’s stock valued at $504,000 after buying an additional 1,276 shares during the last quarter. Institutional investors and hedge funds own 89.55% of the company’s stock.

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.