Coursera, Inc. (NYSE:COUR) Receives $10.93 Consensus Target Price from Analysts

Shares of Coursera, Inc. (NYSE:COUR) have been assigned an average rating of “Moderate Buy” from the eleven brokerages that are presently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have issued a buy rating on the company. The average 12 month target price among brokerages that have covered the stock in the last year is $10.93.

Several equities analysts have recently commented on COUR shares. Telsey Advisory Group restated an “outperform” rating and issued a $18.00 price objective on shares of Coursera in a report on Monday, October 21st. Bank of America initiated coverage on Coursera in a research note on Thursday, September 19th. They set a “buy” rating and a $11.00 price target on the stock. Cantor Fitzgerald dropped their price objective on Coursera from $22.00 to $10.00 and set an “overweight” rating for the company in a research note on Friday, October 25th. Morgan Stanley decreased their target price on Coursera from $15.00 to $10.00 and set an “overweight” rating on the stock in a research note on Friday, October 25th. Finally, Needham & Company LLC dropped their target price on Coursera from $15.00 to $11.00 and set a “buy” rating for the company in a research report on Friday, October 25th.

Insider Buying and Selling

In other Coursera news, Director Andrew Y. Ng sold 6,221 shares of the firm’s stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $8.03, for a total value of $49,954.63. Following the sale, the director now directly owns 7,297,671 shares in the company, valued at $58,600,298.13. This trade represents a 0.09 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 16.30% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Assenagon Asset Management S.A. increased its stake in Coursera by 6.3% in the third quarter. Assenagon Asset Management S.A. now owns 1,413,641 shares of the company’s stock valued at $11,224,000 after purchasing an additional 83,369 shares during the last quarter. M&G Plc purchased a new position in shares of Coursera in the 2nd quarter valued at $5,048,000. Acadian Asset Management LLC raised its stake in Coursera by 231.5% during the 1st quarter. Acadian Asset Management LLC now owns 465,869 shares of the company’s stock worth $6,528,000 after acquiring an additional 325,327 shares in the last quarter. Swiss National Bank lifted its position in Coursera by 2.0% in the first quarter. Swiss National Bank now owns 195,700 shares of the company’s stock valued at $2,744,000 after acquiring an additional 3,900 shares during the last quarter. Finally, Quadrature Capital Ltd purchased a new stake in Coursera in the first quarter valued at $635,000. Hedge funds and other institutional investors own 89.55% of the company’s stock.

Coursera Price Performance

NYSE COUR opened at $6.87 on Friday. The stock has a market capitalization of $1.09 billion, a P/E ratio of -13.47 and a beta of 1.44. The firm’s 50-day moving average is $7.53 and its two-hundred day moving average is $7.71. Coursera has a 12 month low of $6.29 and a 12 month high of $21.26.

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.