Coursera (NYSE:COUR) Stock Price Up 8.2% – Still a Buy?

Coursera, Inc. (NYSE:COUR)’s stock price rose 8.2% during trading on Monday . The stock traded as high as $9.23 and last traded at $9.36. Approximately 482,537 shares were traded during mid-day trading, a decline of 58% from the average daily volume of 1,142,917 shares. The stock had previously closed at $8.65.

Wall Street Analysts Forecast Growth

COUR has been the topic of several analyst reports. Scotiabank began coverage on Coursera in a research report on Thursday, December 5th. They issued a “sector perform” rating and a $9.00 target price on the stock. Telsey Advisory Group restated an “outperform” rating and issued a $18.00 price target on shares of Coursera in a research report on Monday, October 21st. BMO Capital Markets lowered their target price on Coursera from $10.00 to $9.00 and set an “outperform” rating on the stock in a research note on Friday, October 25th. The Goldman Sachs Group reduced their price target on shares of Coursera from $9.00 to $7.25 and set a “sell” rating for the company in a research report on Friday, October 25th. Finally, KeyCorp lowered their price objective on shares of Coursera from $12.00 to $11.00 and set an “overweight” rating on the stock in a research report on Friday, October 25th. One equities research 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 data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $10.52.

Coursera Trading Up 8.8 %

The company has a 50 day moving average price of $8.26 and a 200 day moving average price of $7.94. The company has a market capitalization of $1.49 billion, a P/E ratio of -18.34 and a beta of 1.44.

Insider Buying and Selling

In related news, SVP Alan B. Cardenas sold 6,102 shares of the company’s stock in a transaction dated 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 represents a 3.05 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 16.30% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. FMR LLC lifted its holdings in shares of Coursera by 67.6% during the third quarter. FMR LLC now owns 6,574 shares of the company’s stock worth $52,000 after purchasing an additional 2,651 shares during the period. CWM LLC increased its stake in shares of Coursera by 82.3% in the third quarter. CWM LLC now owns 7,128 shares of the company’s stock valued at $57,000 after buying an additional 3,217 shares during the period. Quarry LP raised its position in shares of Coursera by 936.6% during the second quarter. Quarry LP now owns 10,356 shares of the company’s stock worth $74,000 after acquiring an additional 9,357 shares during the last quarter. KBC Group NV boosted its holdings in Coursera by 90.7% in the fourth quarter. KBC Group NV now owns 9,203 shares of the company’s stock valued at $78,000 after acquiring an additional 4,376 shares during the last quarter. Finally, Versor Investments LP acquired a new stake in Coursera during the 3rd quarter valued at approximately $106,000. Institutional investors and hedge funds 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.