Coursera, Inc. (NYSE:COUR) Receives $10.13 Consensus Target Price from Brokerages

Coursera, Inc. (NYSE:COUR) has earned an average recommendation of “Moderate Buy” from the thirteen brokerages that are presently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and eight have given a buy recommendation to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $10.13.

COUR has been the subject of several recent analyst reports. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $10.00 price objective on shares of Coursera in a research report on Thursday, December 5th. Royal Bank of Canada reissued an “outperform” rating and issued a $10.00 price objective on shares of Coursera in a research note on Friday, January 31st. Scotiabank started coverage on Coursera in a research note on Thursday, December 5th. They set a “sector perform” rating and a $9.00 target price for the company. UBS Group lifted their price target on Coursera from $7.50 to $8.50 and gave the company a “neutral” rating in a research note on Friday, January 31st. Finally, Needham & Company LLC restated a “buy” rating and set a $11.00 price objective on shares of Coursera in a research report on Monday, January 27th.

Coursera Stock Performance

COUR opened at $7.26 on Friday. Coursera has a 52-week low of $6.29 and a 52-week high of $14.32. The firm has a market cap of $1.16 billion, a P/E ratio of -13.96 and a beta of 1.40. The business’s fifty day moving average is $7.96 and its 200-day moving average is $7.89.

Insider Buying and Selling at Coursera

In other Coursera news, SVP Alan B. Cardenas sold 5,613 shares of the business’s stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $8.26, for a total transaction of $46,363.38. Following the sale, the senior vice president now directly owns 180,413 shares of the company’s stock, valued at $1,490,211.38. The trade was a 3.02 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 15.90% of the company’s stock.

Hedge Funds Weigh In On Coursera

Several large investors have recently modified their holdings of the business. Norges Bank bought a new stake in shares of Coursera in the fourth quarter worth $17,010,000. Two Sigma Investments LP bought a new stake in shares of Coursera in the 4th quarter valued at about $8,710,000. Ameriprise Financial Inc. grew its position in shares of Coursera by 253.1% in the 4th quarter. Ameriprise Financial Inc. now owns 1,424,354 shares of the company’s stock valued at $12,107,000 after buying an additional 1,020,969 shares during the last quarter. BNP Paribas Financial Markets acquired a new stake in shares of Coursera in the fourth quarter valued at about $6,612,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Coursera by 61.6% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,647,619 shares of the company’s stock worth $13,082,000 after acquiring an additional 628,140 shares during the last quarter. Institutional investors own 89.55% of the company’s stock.

Coursera Company Profile

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.