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

Telsey Advisory Group reiterated their outperform rating on shares of Coursera (NYSE:COUR) in a research note issued to investors on Tuesday morning,Benzinga reports. They currently have a $15.00 price objective on the stock.

Several other analysts also recently weighed in on COUR. Scotiabank started coverage on Coursera in a research report on Thursday, December 5th. They set a “sector perform” rating and a $9.00 target price for the company. Cantor Fitzgerald reiterated an “overweight” rating and set a $10.00 price objective on shares of Coursera in a report on Thursday, December 5th. BMO Capital Markets dropped their target price on shares of Coursera from $10.00 to $9.00 and set an “outperform” rating on the stock in a research note on Friday, October 25th. KeyCorp lowered their price target on Coursera from $12.00 to $11.00 and set an “overweight” rating for the company in a report on Friday, October 25th. Finally, JPMorgan Chase & Co. initiated coverage on Coursera in a report on Monday, November 25th. They set a “neutral” rating and a $8.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $10.27.

Coursera Stock Performance

Shares of COUR stock opened at $8.48 on Tuesday. The stock has a 50 day moving average price of $8.46 and a 200 day moving average price of $7.99. Coursera has a 52-week low of $6.29 and a 52-week high of $20.56. The firm has a market capitalization of $1.34 billion, a P/E ratio of -16.63 and a beta of 1.44.

Insider Buying and Selling

In related news, SVP Alan B. Cardenas sold 6,102 shares of the business’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $6.83, for a total transaction of $41,676.66. Following the completion of the transaction, the senior vice president now owns 194,082 shares in the company, valued at $1,325,580.06. The trade was a 3.05 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 16.30% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Coursera

Institutional investors have recently bought and sold shares of the company. Millennium Management LLC lifted its holdings in shares of Coursera by 67.0% during the 2nd quarter. Millennium Management LLC now owns 2,800,912 shares of the company’s stock valued at $20,055,000 after purchasing an additional 1,123,397 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Coursera by 61.6% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,647,619 shares of the company’s stock valued at $13,082,000 after buying an additional 628,140 shares in the last quarter. Senvest Management LLC raised its stake in Coursera by 994.7% in the third quarter. Senvest Management LLC now owns 642,806 shares of the company’s stock valued at $5,104,000 after buying an additional 584,085 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Coursera in the third quarter worth about $3,090,000. Finally, Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of Coursera during the second quarter worth about $2,545,000. 89.55% of the stock is currently 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.