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

Coursera, Inc. (NYSE:COUR) has been given an average recommendation of “Moderate Buy” by the thirteen brokerages that are currently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and eight have given a buy recommendation to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $10.13.

COUR has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. initiated coverage on Coursera in a research note on Monday, November 25th. They issued a “neutral” rating and a $8.00 price objective on the stock. Cantor Fitzgerald reiterated an “overweight” rating and set a $10.00 price target on shares of Coursera in a research report on Thursday, December 5th. KeyCorp lowered their price objective on shares of Coursera from $12.00 to $11.00 and set an “overweight” rating for the company in a research report on Friday, October 25th. BMO Capital Markets reduced their target price on shares of Coursera from $10.00 to $9.00 and set an “outperform” rating on the stock in a research report on Friday, October 25th. Finally, The Goldman Sachs Group lowered their price target on shares of Coursera from $9.00 to $7.25 and set a “sell” rating for the company in a report on Friday, October 25th.

Coursera Price Performance

Shares of COUR opened at $7.69 on Thursday. The company has a market capitalization of $1.22 billion, a P/E ratio of -14.78 and a beta of 1.42. Coursera has a one year low of $6.29 and a one year high of $18.25. The business’s 50 day simple moving average is $8.46 and its 200-day simple moving average is $8.01.

Insider Buying and Selling at Coursera

In other news, SVP Alan B. Cardenas sold 6,102 shares of the company’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $6.83, for a total value of $41,676.66. Following the completion of the sale, the senior vice president now directly owns 194,082 shares of the company’s stock, valued at $1,325,580.06. This represents a 3.05 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 15.90% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. FMR LLC raised its stake in shares of Coursera by 67.6% in the 3rd quarter. FMR LLC now owns 6,574 shares of the company’s stock valued at $52,000 after purchasing an additional 2,651 shares during the period. CWM LLC lifted its stake in Coursera by 82.3% in the 3rd quarter. CWM LLC now owns 7,128 shares of the company’s stock valued at $57,000 after acquiring an additional 3,217 shares in the last quarter. Quarry LP boosted its position in Coursera by 936.6% during the 2nd quarter. Quarry LP now owns 10,356 shares of the company’s stock worth $74,000 after acquiring an additional 9,357 shares during the last quarter. KBC Group NV grew its stake in shares of Coursera by 90.7% during the 4th quarter. KBC Group NV now owns 9,203 shares of the company’s stock worth $78,000 after acquiring an additional 4,376 shares in the last quarter. Finally, Versor Investments LP bought a new position in shares of Coursera during the 3rd quarter worth approximately $106,000. 89.55% of the stock is currently owned by 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.