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

by · The Cerbat Gem

Coursera, Inc. (NYSE:COUR – Get Free Report) has received an average rating of “Moderate Buy” from the thirteen brokerages that are currently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and nine have given a buy recommendation to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $10.52.

Several equities research analysts have recently issued reports on COUR shares. Morgan Stanley lowered their price objective on shares of Coursera from $15.00 to $10.00 and set an “overweight” rating for the company in a research report on Friday, October 25th. Scotiabank assumed coverage on Coursera in a research note on Thursday, December 5th. They issued a “sector perform” rating and a $9.00 price target on the stock. The Goldman Sachs Group cut their price target on Coursera from $9.00 to $7.25 and set a “sell” rating on the stock in a report on Friday, October 25th. Bank of America assumed coverage on Coursera in a research report on Thursday, September 19th. They issued a “buy” rating and a $11.00 target price on the stock. Finally, Needham & Company LLC reduced their price target on Coursera from $15.00 to $11.00 and set a “buy” rating for the company in a research report on Friday, October 25th.

Read Our Latest Analysis on Coursera

Coursera Stock Performance

Shares of COUR opened at $8.56 on Friday. The stock has a 50 day simple moving average of $7.99 and a 200 day simple moving average of $7.81. Coursera has a 52-week low of $6.29 and a 52-week high of $20.73. The firm has a market capitalization of $1.36 billion, a PE ratio of -16.78 and a beta of 1.44.

Insider Transactions at Coursera

In other 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 completion of the transaction, the senior vice president now directly 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 sale 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 hedge funds and other institutional investors have recently added to or reduced their stakes in COUR. Algert Global LLC lifted its stake in shares of Coursera by 17.7% during the 3rd quarter. Algert Global LLC now owns 475,496 shares of the company’s stock worth $3,775,000 after buying an additional 71,382 shares during the last quarter. Assenagon Asset Management S.A. lifted its position in Coursera by 6.3% during the third quarter. Assenagon Asset Management S.A. now owns 1,413,641 shares of the company’s stock worth $11,224,000 after acquiring an additional 83,369 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Coursera during the third quarter worth approximately $3,090,000. Geode Capital Management LLC boosted its holdings in shares of Coursera by 7.3% during the third 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 during the period. Finally, Franklin Resources Inc. acquired a new position in shares of Coursera in the third quarter valued at approximately $1,651,000. 89.55% of the stock is owned by institutional investors.

Coursera Company Profile

(Get Free Report

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.

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