Coursera (NYSE:COUR) Price Target Cut to $9.00 by Analysts at Morgan Stanley

Coursera (NYSE:COUR) had its target price reduced by Morgan Stanley from $10.00 to $9.00 in a report released on Wednesday,Benzinga reports. They currently have an overweight rating on the stock.

Several other research firms also recently weighed in on COUR. Telsey Advisory Group reissued an “outperform” rating and set a $15.00 price target on shares of Coursera in a research report on Tuesday, January 28th. Bank of America reissued an “underperform” rating and issued a $7.00 target price on shares of Coursera in a research note on Thursday, March 27th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $10.00 price target on shares of Coursera in a research note on Friday, January 31st. JPMorgan Chase & Co. cut their price objective on shares of Coursera from $8.00 to $7.00 and set a “neutral” rating for the company in a research report on Tuesday, April 8th. Finally, UBS Group upped their price objective on shares of Coursera from $7.50 to $8.50 and gave the company a “neutral” rating in a research note on Friday, January 31st. Two analysts have rated the stock with a sell rating, four have issued a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $9.67.

Coursera Stock Up 1.1 %

Shares of COUR stock opened at $7.05 on Wednesday. The stock has a market cap of $1.14 billion, a P/E ratio of -13.56 and a beta of 1.42. Coursera has a fifty-two week low of $5.76 and a fifty-two week high of $12.37. The business has a fifty day simple moving average of $7.32 and a 200-day simple moving average of $7.74.

Insiders Place Their Bets

In other Coursera news, SVP Alan B. Cardenas sold 5,613 shares of the business’s stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $8.26, for a total transaction of $46,363.38. Following the transaction, the senior vice president now owns 180,413 shares in the company, valued at $1,490,211.38. The trade was a 3.02 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 16.30% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Coursera

Hedge funds and other institutional investors have recently bought and sold shares of the stock. State of Wyoming lifted its position in shares of Coursera by 959.1% during the fourth quarter. State of Wyoming now owns 3,887 shares of the company’s stock worth $33,000 after purchasing an additional 3,520 shares in the last quarter. SBI Securities Co. Ltd. purchased a new stake in Coursera during the 4th quarter worth $35,000. FMR LLC lifted its holdings in Coursera by 67.6% in the 3rd quarter. FMR LLC now owns 6,574 shares of the company’s stock worth $52,000 after buying an additional 2,651 shares in the last quarter. KBC Group NV boosted its position in Coursera by 90.7% in the 4th quarter. KBC Group NV now owns 9,203 shares of the company’s stock valued at $78,000 after buying an additional 4,376 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Coursera during the fourth quarter valued at about $86,000. 89.55% of the stock is owned by institutional investors and hedge funds.

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.