Coursera (NYSE:COUR) Trading Up 7.5% – Still a Buy?

Coursera, Inc. (NYSE:COUR)’s share price was up 7.5% during trading on Wednesday . The stock traded as high as $8.35 and last traded at $8.35. Approximately 1,376,193 shares traded hands during mid-day trading, a decline of 40% from the average daily volume of 2,295,121 shares. The stock had previously closed at $7.77.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on COUR shares. Needham & Company LLC lowered their price objective on Coursera from $15.00 to $11.00 and set a “buy” rating on the stock in a research report on Friday, October 25th. The Goldman Sachs Group decreased their target price on Coursera from $9.00 to $7.25 and set a “sell” rating on the stock in a research report on Friday, October 25th. JPMorgan Chase & Co. began coverage on Coursera in a research report on Monday. They set a “neutral” rating and a $8.00 target price on the stock. Morgan Stanley decreased their target price on Coursera from $15.00 to $10.00 and set an “overweight” rating on the stock in a research report on Friday, October 25th. Finally, KeyCorp decreased their target price on Coursera from $12.00 to $11.00 and set an “overweight” rating on the stock in a research report on Friday, October 25th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, Coursera presently has an average rating of “Moderate Buy” and an average target price of $10.66.

Coursera Stock Performance

The company has a 50 day moving average of $7.46 and a 200 day moving average of $7.62. The stock has a market capitalization of $1.30 billion, a price-to-earnings ratio of -16.08 and a beta of 1.44.

Insider Activity at Coursera

In other Coursera news, Director Andrew Y. Ng sold 6,221 shares of Coursera stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $8.03, for a total transaction of $49,954.63. Following the completion of the sale, the director now directly owns 7,297,671 shares in the company, valued at $58,600,298.13. This trade represents a 0.09 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Alan B. Cardenas sold 6,102 shares of Coursera 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 sale, the senior vice president now owns 194,082 shares of the company’s stock, valued at $1,325,580.06. This trade represents a 3.05 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 13,885 shares of company stock valued at $102,815. 15.90% of the stock is owned by insiders.

Hedge Funds Weigh In On Coursera

Several institutional investors have recently bought and sold shares of the company. Franklin Resources Inc. acquired a new position in Coursera during the 3rd quarter worth $1,651,000. Geode Capital Management LLC lifted its holdings in Coursera by 7.3% during the 3rd quarter. Geode Capital Management LLC now owns 2,922,953 shares of the company’s stock worth $23,214,000 after buying an additional 199,050 shares during the last quarter. Barclays PLC lifted its holdings in Coursera by 24.4% during the 3rd quarter. Barclays PLC now owns 962,122 shares of the company’s stock worth $7,640,000 after buying an additional 188,911 shares during the last quarter. XTX Topco Ltd lifted its holdings in Coursera by 19.0% during the 3rd quarter. XTX Topco Ltd now owns 99,474 shares of the company’s stock worth $790,000 after buying an additional 15,891 shares during the last quarter. Finally, Zacks Investment Management lifted its holdings in shares of Coursera by 9.6% in the 3rd quarter. Zacks Investment Management now owns 83,448 shares of the company’s stock valued at $663,000 after purchasing an additional 7,334 shares during 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.