Coursera (NYSE:COUR) Shares Up 8.2% – Here’s What Happened

Shares of Coursera, Inc. (NYSE:COUR) shot up 8.2% on Monday . The stock traded as high as $9.23 and last traded at $9.36. 482,537 shares were traded during mid-day trading, a decline of 58% from the average session volume of 1,142,917 shares. The stock had previously closed at $8.65.

Analyst Ratings Changes

A number of research firms have recently weighed in on COUR. The Goldman Sachs Group dropped their price objective on Coursera from $9.00 to $7.25 and set a “sell” rating for the company in a research note on Friday, October 25th. 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 target on the stock. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $10.00 price objective on shares of Coursera in a research note on Thursday, December 5th. Royal Bank of Canada cut their target price on Coursera from $18.00 to $10.00 and set an “outperform” rating on the stock in a research note on Friday, October 25th. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and set a $15.00 price target on shares of Coursera in a research report on Tuesday. One analyst has rated the stock with a sell rating, three have issued a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, Coursera currently has a consensus rating of “Moderate Buy” and a consensus price target of $10.27.

Coursera Price Performance

The firm has a 50-day moving average price of $8.37 and a 200-day moving average price of $7.98.

Insiders Place Their Bets

In related news, SVP Alan B. Cardenas sold 6,102 shares of the business’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $6.83, for a total transaction of $41,676.66. Following the sale, 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 legal filing with the SEC, which is available at this link. 16.30% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Coursera

A number of institutional investors and hedge funds have recently made changes to their positions in the business. FMR LLC boosted its stake in Coursera by 67.6% in the 3rd quarter. FMR LLC now owns 6,574 shares of the company’s stock worth $52,000 after purchasing an additional 2,651 shares in the last quarter. CWM LLC raised its holdings in Coursera by 82.3% in the third quarter. CWM LLC now owns 7,128 shares of the company’s stock worth $57,000 after buying an additional 3,217 shares during the last quarter. KBC Group NV lifted its stake in shares of Coursera by 90.7% in the fourth quarter. KBC Group NV now owns 9,203 shares of the company’s stock worth $78,000 after buying an additional 4,376 shares in the last quarter. Quarry LP grew its holdings in shares of Coursera by 936.6% during the second quarter. Quarry LP now owns 10,356 shares of the company’s stock valued at $74,000 after buying an additional 9,357 shares during the last quarter. Finally, Versor Investments LP bought a new stake in shares of Coursera during the third quarter valued at approximately $106,000. Institutional investors 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.