Coursera, Inc. (NYSE:COUR) Given Average Rating of "Hold" by Analysts

Shares of Coursera, Inc. (NYSE:COUR - Get Free Report) have been assigned a consensus recommendation of "Hold" from the thirteen analysts that are presently covering the stock, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation, four have given a hold recommendation and seven have assigned a buy recommendation to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $9.67.

Several equities analysts have commented on the stock. Royal Bank of Canada reissued an "outperform" rating and set a $10.00 target price on shares of Coursera in a research report on Friday, January 31st. Bank of America reaffirmed an "underperform" rating and set a $7.00 price target on shares of Coursera in a research report on Thursday, March 27th. UBS Group boosted their price objective on Coursera from $7.50 to $8.50 and gave the stock a "neutral" rating in a research report on Friday, January 31st. Needham & Company LLC reaffirmed a "buy" rating and set a $11.00 target price on shares of Coursera in a research report on Monday, January 27th. Finally, Telsey Advisory Group reissued an "outperform" rating and issued a $15.00 price target on shares of Coursera in a report on Tuesday, January 28th.

Coursera Trading Up 4.1 %

Shares of COUR traded up $0.29 during trading hours on Tuesday, reaching $7.31. 1,518,573 shares of the stock traded hands, compared to its average volume of 2,338,818. Coursera has a 52 week low of $5.76 and a 52 week high of $12.37. The company has a market cap of $1.18 billion, a price-to-earnings ratio of -14.05 and a beta of 1.42. The stock has a fifty day simple moving average of $7.29 and a 200 day simple moving average of $7.73.

Insiders Place Their Bets

In other Coursera news, SVP Alan B. Cardenas sold 5,613 shares of the stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $8.26, for a total transaction of $46,363.38. Following the sale, the senior vice president now owns 180,413 shares in the company, valued at $1,490,211.38. This represents a 3.02 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 16.80% of the company's stock.

Institutional Trading of Coursera

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

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.