Brokerages Set Coursera, Inc. (NYSE:COUR) Price Target at $10.52

Shares of Coursera, Inc. (NYSE:COUR) have been assigned an average rating of “Moderate Buy” from the thirteen ratings firms that are currently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and nine have issued a buy recommendation on the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $10.52.

A number of research firms recently weighed in on COUR. The Goldman Sachs Group decreased their target price on shares of Coursera from $9.00 to $7.25 and set a “sell” rating for the company in a research report on Friday, October 25th. JPMorgan Chase & Co. assumed coverage on Coursera in a report on Monday, November 25th. They set a “neutral” rating and a $8.00 price target for the company. BMO Capital Markets decreased their price target on shares of Coursera from $10.00 to $9.00 and set an “outperform” rating on the stock in a research note on Friday, October 25th. Telsey Advisory Group restated an “outperform” rating and issued a $18.00 price target on shares of Coursera in a research note on Monday, October 21st. Finally, Needham & Company LLC lowered their price objective on Coursera from $15.00 to $11.00 and set a “buy” rating on the stock in a research report on Friday, October 25th.

Coursera Stock Down 1.5 %

Shares of COUR opened at $8.58 on Friday. Coursera has a twelve month low of $6.29 and a twelve month high of $20.73. The stock has a market capitalization of $1.36 billion, a P/E ratio of -16.82 and a beta of 1.44. The company has a 50 day moving average of $7.92 and a 200-day moving average of $7.80.

Insider Transactions at Coursera

In other news, SVP Alan B. Cardenas sold 6,102 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $6.83, for a total value of $41,676.66. Following the sale, the senior vice president now directly owns 194,082 shares in the company, valued at approximately $1,325,580.06. This trade represents a 3.05 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 16.30% of the stock is owned by insiders.

Hedge Funds Weigh In On Coursera

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp boosted its stake in shares of Coursera by 15.2% during the second quarter. Bank of New York Mellon Corp now owns 472,760 shares of the company’s stock valued at $3,385,000 after purchasing an additional 62,312 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Coursera by 15.4% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 25,243 shares of the company’s stock valued at $181,000 after buying an additional 3,375 shares during the last quarter. Rhumbline Advisers boosted its position in Coursera by 4.9% during the 2nd quarter. Rhumbline Advisers now owns 193,843 shares of the company’s stock worth $1,388,000 after buying an additional 9,069 shares during the period. Victory Capital Management Inc. grew its holdings in Coursera by 150.7% during the 2nd quarter. Victory Capital Management Inc. now owns 38,756 shares of the company’s stock worth $277,000 after acquiring an additional 23,294 shares during the last quarter. Finally, Arizona State Retirement System increased its position in Coursera by 37.4% in the 2nd quarter. Arizona State Retirement System now owns 37,436 shares of the company’s stock valued at $268,000 after acquiring an additional 10,186 shares during the period. 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.