Coursera, Inc. (NYSE:COUR) Receives $10.13 Average PT from Analysts

Coursera, Inc. (NYSE:COUR) has been given a consensus recommendation of “Hold” by the thirteen research firms that are currently covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation, four have given a hold recommendation and seven have issued a buy recommendation on the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $9.83.

Several analysts have issued reports on COUR shares. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $10.00 target price on shares of Coursera in a research report on Thursday, December 5th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $10.00 price objective on shares of Coursera in a research report on Friday, January 31st. UBS Group boosted their target price on shares of Coursera from $7.50 to $8.50 and gave the stock a “neutral” rating in a report on Friday, January 31st. Scotiabank started coverage on shares of Coursera in a report on Thursday, December 5th. They issued a “sector perform” rating and a $9.00 price target on the stock. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and issued a $15.00 price objective on shares of Coursera in a research report on Tuesday, January 28th.

Coursera Stock Performance

Shares of COUR opened at $6.92 on Friday. The stock has a market capitalization of $1.11 billion, a PE ratio of -13.30 and a beta of 1.40. Coursera has a fifty-two week low of $6.29 and a fifty-two week high of $14.29. The company has a 50 day moving average price of $7.90 and a 200-day moving average price of $7.88.

Insider Buying and Selling at Coursera

In other Coursera news, SVP Alan B. Cardenas sold 5,613 shares of Coursera stock in a transaction that occurred on Wednesday, February 19th. The shares were 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 directly 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 legal filing with the SEC, which is accessible through the SEC website. Company insiders own 15.90% of the company’s stock.

Institutional Inflows and Outflows

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

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.