Coursera (NYSE:COUR) Price Target Raised to $8.50

Coursera (NYSE:COUR) had its price target upped by UBS Group from $7.50 to $8.50 in a research report issued on Friday,Benzinga reports. The firm presently has a “neutral” rating on the stock. UBS Group’s target price indicates a potential upside of 9.75% from the company’s previous close.

Several other research firms have also commented on COUR. BMO Capital Markets cut their price objective on Coursera from $10.00 to $9.00 and set an “outperform” rating for the company in a research note on Friday, October 25th. Needham & Company LLC reiterated a “buy” rating and set a $11.00 price objective on shares of Coursera in a research note on Monday. Royal Bank of Canada reiterated an “outperform” rating and set a $10.00 price objective on shares of Coursera in a research note on Friday. Telsey Advisory Group reiterated an “outperform” rating and set a $15.00 price objective on shares of Coursera in a research note on Tuesday. Finally, Morgan Stanley cut their price objective on Coursera from $15.00 to $10.00 and set an “overweight” rating for the company in a research note on Friday, October 25th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $10.13.

Coursera Stock Performance

Shares of Coursera stock traded down $0.72 on Friday, hitting $7.75. The company’s stock had a trading volume of 2,002,858 shares, compared to its average volume of 1,634,017. Coursera has a 1 year low of $6.29 and a 1 year high of $20.56. The firm has a fifty day moving average price of $8.46 and a 200-day moving average price of $7.99. The company has a market capitalization of $1.23 billion, a price-to-earnings ratio of -15.19 and a beta of 1.44.

Insider Transactions at Coursera

In related news, SVP Alan B. Cardenas sold 6,102 shares of the stock in a transaction on Monday, November 18th. The stock was sold at an average price of $6.83, for a total value of $41,676.66. Following the transaction, the senior vice president now owns 194,082 shares of the company’s stock, valued at $1,325,580.06. This represents a 3.05 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 16.30% of the company’s stock.

Hedge Funds Weigh In On Coursera

Several large investors have recently bought and sold shares of COUR. FMR LLC boosted its stake in shares of Coursera by 67.6% during the third quarter. FMR LLC now owns 6,574 shares of the company’s stock worth $52,000 after buying an additional 2,651 shares during the period. CWM LLC lifted its position in Coursera by 82.3% in the third quarter. CWM LLC now owns 7,128 shares of the company’s stock valued at $57,000 after purchasing an additional 3,217 shares during the period. Quarry LP lifted its position in Coursera by 936.6% in the second quarter. Quarry LP now owns 10,356 shares of the company’s stock valued at $74,000 after purchasing an additional 9,357 shares during the period. KBC Group NV lifted its position in Coursera by 90.7% in the fourth quarter. KBC Group NV now owns 9,203 shares of the company’s stock valued at $78,000 after purchasing an additional 4,376 shares during the period. Finally, Versor Investments LP acquired a new stake in Coursera in the third quarter valued at about $106,000. Hedge funds and other 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.