Coursera (NYSE:COUR) Given "Outperform" Rating at Telsey Advisory Group

Telsey Advisory Group reaffirmed their outperform rating on shares of Coursera (NYSE:COUR - Free Report) in a research note published on Tuesday,Benzinga reports. The firm currently has a $12.00 price objective on the stock.

A number of other brokerages have also recently issued reports on COUR. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $10.00 target price on shares of Coursera in a report on Friday, January 31st. UBS Group upped their price objective on Coursera from $7.50 to $8.50 and gave the company a "neutral" rating in a research note on Friday, January 31st. Morgan Stanley cut their target price on shares of Coursera from $10.00 to $9.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 16th. Needham & Company LLC restated a "buy" rating and issued a $11.00 price target on shares of Coursera in a research report on Monday, January 27th. Finally, Bank of America reaffirmed an "underperform" rating and set a $7.00 price target on shares of Coursera in a research note on Thursday, March 27th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, Coursera has an average rating of "Hold" and a consensus price target of $9.52.

Coursera Trading Up 13.6 %

Coursera stock traded up $1.05 during mid-day trading on Tuesday, reaching $8.75. The company had a trading volume of 5,766,808 shares, compared to its average volume of 2,359,040. The business has a fifty day simple moving average of $7.22 and a 200 day simple moving average of $7.74. The company has a market cap of $1.41 billion, a P/E ratio of -16.83 and a beta of 1.42. Coursera has a fifty-two week low of $5.76 and a fifty-two week high of $12.20.

Insiders Place Their Bets

In other Coursera news, SVP Alan B. Cardenas sold 5,613 shares of the business's stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $8.26, for a total transaction of $46,363.38. Following the completion of the sale, the senior vice president now owns 180,413 shares in the company, valued at approximately $1,490,211.38. The trade was a 3.02 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 16.80% of the company's stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Geode Capital Management LLC raised its holdings in shares of Coursera by 7.3% in the 3rd quarter. Geode Capital Management LLC now owns 2,922,953 shares of the company's stock worth $23,214,000 after acquiring an additional 199,050 shares during the last quarter. Franklin Resources Inc. purchased a new stake in shares of Coursera in the third quarter worth approximately $1,651,000. Jump Financial LLC lifted its holdings in shares of Coursera by 582.9% in the fourth quarter. Jump Financial LLC now owns 213,753 shares of the company's stock valued at $1,817,000 after purchasing an additional 182,453 shares in the last quarter. SBI Securities Co. Ltd. purchased a new position in shares of Coursera during the fourth quarter valued at approximately $35,000. Finally, Sei Investments Co. grew its holdings in Coursera by 340.9% during the fourth quarter. Sei Investments Co. now owns 273,147 shares of the company's stock worth $2,322,000 after buying an additional 211,191 shares in the last quarter. 89.55% of the stock is 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.