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

Shares of Coursera, Inc. (NYSE:COUR) have received an average rating of “Moderate Buy” from the eleven brokerages that are presently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have given a buy rating to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $10.93.

Several research analysts have weighed in on the company. Royal Bank of Canada lowered their price objective on Coursera from $18.00 to $10.00 and set an “outperform” rating on the stock in a research report 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 report on Friday, October 25th. Cantor Fitzgerald decreased their target price on Coursera from $22.00 to $10.00 and set an “overweight” rating on the stock in a research report on Friday, October 25th. Bank of America initiated coverage on shares of Coursera in a research note on Thursday, September 19th. They set a “buy” rating and a $11.00 price target for the company. Finally, BMO Capital Markets decreased their target price on shares of Coursera from $10.00 to $9.00 and set an “outperform” rating for the company in a research report on Friday, October 25th.

Insider Activity at Coursera

In related news, SVP Alan B. Cardenas sold 6,285 shares of Coursera stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $8.27, for a total transaction of $51,976.95. Following the completion of the transaction, the senior vice president now directly owns 207,434 shares of the company’s stock, valued at $1,715,479.18. This trade represents a 2.94 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Andrew Y. Ng sold 25,000 shares of Coursera stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $8.40, for a total transaction of $210,000.00. Following the completion of the transaction, the director now directly owns 7,203,892 shares of the company’s stock, valued at $60,512,692.80. This trade represents a 0.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 37,506 shares of company stock valued at $311,932. Insiders own 16.30% of the company’s stock.

Institutional Trading of Coursera

Several large investors have recently added to or reduced their stakes in the business. Swiss National Bank lifted its holdings in shares of Coursera by 2.0% in the first quarter. Swiss National Bank now owns 195,700 shares of the company’s stock worth $2,744,000 after buying an additional 3,900 shares in the last quarter. Sei Investments Co. raised its position in shares of Coursera by 146.2% in the 1st quarter. Sei Investments Co. now owns 164,087 shares of the company’s stock valued at $2,300,000 after purchasing an additional 97,448 shares during the last quarter. Russell Investments Group Ltd. raised its position in shares of Coursera by 14.2% in the 1st quarter. Russell Investments Group Ltd. now owns 278,789 shares of the company’s stock valued at $3,909,000 after purchasing an additional 34,652 shares during the last quarter. ProShare Advisors LLC increased its holdings in Coursera by 10.3% in the 1st quarter. ProShare Advisors LLC now owns 23,787 shares of the company’s stock worth $333,000 after buying an additional 2,224 shares during the period. Finally, Vanguard Group Inc. increased its holdings in Coursera by 2.3% in the 1st quarter. Vanguard Group Inc. now owns 11,405,792 shares of the company’s stock worth $159,909,000 after buying an additional 254,108 shares during the period. 89.55% of the stock is currently owned by institutional investors.

Coursera Price Performance

Shares of Coursera stock opened at $6.94 on Friday. The business has a fifty day simple moving average of $7.54 and a two-hundred day simple moving average of $7.76. Coursera has a 1 year low of $6.29 and a 1 year high of $21.26. The company has a market capitalization of $1.10 billion, a price-to-earnings ratio of -13.60 and a beta of 1.44.

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.