Morgan Stanley Lowers Coursera (NYSE:COUR) Price Target to $9.00

Coursera (NYSE:COUR - Get Free Report) had its price target dropped by stock analysts at Morgan Stanley from $10.00 to $9.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage presently has an "overweight" rating on the stock. Morgan Stanley's target price points to a potential upside of 26.23% from the company's previous close.

COUR has been the subject of several other reports. JPMorgan Chase & Co. cut their price target on Coursera from $8.00 to $7.00 and set a "neutral" rating for the company in a research note on Tuesday, April 8th. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $15.00 price objective on shares of Coursera in a research note on Tuesday, January 28th. UBS Group lifted their target price on shares of Coursera from $7.50 to $8.50 and gave the stock a "neutral" rating in a research report on Friday, January 31st. 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. Finally, Bank of America restated an "underperform" rating and issued a $7.00 price objective on shares of Coursera in a report on Thursday, March 27th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, Coursera has a consensus rating of "Hold" and an average price target of $9.67.

Coursera Price Performance

Coursera stock traded down $0.18 during midday trading on Wednesday, hitting $7.13. The company's stock had a trading volume of 1,858,619 shares, compared to its average volume of 2,336,897. The company has a market cap of $1.15 billion, a price-to-earnings ratio of -13.71 and a beta of 1.42. Coursera has a 1-year low of $5.76 and a 1-year high of $12.37. The company has a 50-day moving average price of $7.29 and a two-hundred day moving average price of $7.73.

Insider Transactions at Coursera

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

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in COUR. Vanguard Group Inc. increased its holdings in shares of Coursera by 3.8% during the fourth quarter. Vanguard Group Inc. now owns 12,147,159 shares of the company's stock valued at $103,251,000 after acquiring an additional 440,948 shares in the last quarter. State Street Corp grew its position in Coursera by 2.2% in the 3rd quarter. State Street Corp now owns 2,947,168 shares of the company's stock valued at $23,401,000 after purchasing an additional 63,549 shares during the period. Geode Capital Management LLC increased its stake in Coursera by 7.3% during the 3rd quarter. Geode Capital Management LLC now owns 2,922,953 shares of the company's stock valued at $23,214,000 after purchasing an additional 199,050 shares in the last quarter. Norges Bank acquired a new position in Coursera during the fourth quarter worth $17,010,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Coursera by 0.9% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,662,492 shares of the company's stock valued at $14,131,000 after buying an additional 14,873 shares in the last quarter. 89.55% of the stock is owned by institutional investors and hedge funds.

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.