Coursera (NYSE:COUR) Trading Up 8.2% - Here's What Happened

Shares of Coursera, Inc. (NYSE:COUR - Get Free Report) traded up 8.2% on Monday . The stock traded as high as $9.23 and last traded at $9.36. 482,537 shares changed hands during mid-day trading, a decline of 58% from the average session volume of 1,142,917 shares. The stock had previously closed at $8.65.

Analyst Ratings Changes

COUR has been the topic of several research analyst reports. Needham & Company LLC restated a "buy" rating and set a $11.00 target price on shares of Coursera in a research report on Monday. JPMorgan Chase & Co. assumed coverage on shares of Coursera in a research report on Monday, November 25th. They set a "neutral" rating and a $8.00 price objective for the company. Cantor Fitzgerald reiterated an "overweight" rating and set a $10.00 target price on shares of Coursera in a research report on Thursday, December 5th. Telsey Advisory Group restated an "outperform" rating and issued a $18.00 price target on shares of Coursera in a report on Monday, October 21st. Finally, Scotiabank began coverage on shares of Coursera in a research note on Thursday, December 5th. They issued a "sector perform" rating and a $9.00 price target for the company. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have issued a buy rating to the company's stock. According to MarketBeat.com, Coursera presently has an average rating of "Moderate Buy" and a consensus price target of $10.52.

Coursera Price Performance

The company has a fifty day moving average of $8.32 and a 200-day moving average of $7.96. The firm has a market cap of $1.53 billion, a P/E ratio of -18.99 and a beta of 1.44.

Insiders Place Their Bets

In other Coursera news, SVP Alan B. Cardenas sold 6,102 shares of Coursera stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $6.83, for a total value of $41,676.66. Following the sale, the senior vice president now owns 194,082 shares of the company's stock, valued at approximately $1,325,580.06. The trade was a 3.05 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 16.30% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Coursera

Several large investors have recently modified their holdings of the stock. Dimensional Fund Advisors LP increased its position in Coursera by 0.6% in the second quarter. Dimensional Fund Advisors LP now owns 2,655,040 shares of the company's stock worth $19,007,000 after buying an additional 15,694 shares during the last quarter. Sei Investments Co. grew its stake in shares of Coursera by 85.9% during the 2nd quarter. Sei Investments Co. now owns 305,065 shares of the company's stock worth $2,184,000 after acquiring an additional 140,978 shares during the period. AQR Capital Management LLC increased its holdings in Coursera by 20.3% in the 2nd quarter. AQR Capital Management LLC now owns 174,976 shares of the company's stock worth $1,253,000 after acquiring an additional 29,528 shares during the last quarter. Millennium Management LLC raised its stake in Coursera by 67.0% in the 2nd quarter. Millennium Management LLC now owns 2,800,912 shares of the company's stock valued at $20,055,000 after acquiring an additional 1,123,397 shares during the period. Finally, The Manufacturers Life Insurance Company lifted its holdings in Coursera by 1.8% during the second quarter. The Manufacturers Life Insurance Company now owns 70,457 shares of the company's stock valued at $504,000 after purchasing an additional 1,276 shares during the last quarter. Hedge funds and other institutional investors own 89.55% of the company's stock.

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.