Coursera, Inc. (NYSE:COUR – Get Rating) SVP Richard J. Jacquet sold 40,730 shares of the firm’s stock in a transaction dated Wednesday, May 17th. The shares were sold at an average price of $11.55, for a total value of $470,431.50. Following the transaction, the senior vice president now directly owns 396,081 shares of the company’s stock, valued at approximately $4,574,735.55. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Coursera Price Performance
NYSE COUR opened at $12.00 on Friday. The company has a 50 day simple moving average of $11.19 and a 200-day simple moving average of $12.51. Coursera, Inc. has a 52-week low of $9.81 and a 52-week high of $17.66. The firm has a market capitalization of $1.81 billion, a price-to-earnings ratio of -10.34 and a beta of 1.79.
Analysts Set New Price Targets
Several equities analysts have recently weighed in on the stock. Royal Bank of Canada restated an “outperform” rating and set a $18.00 price objective on shares of Coursera in a research report on Friday, March 10th. Telsey Advisory Group restated an “outperform” rating and set a $20.00 target price on shares of Coursera in a report on Friday, March 10th. KeyCorp dropped their price target on Coursera from $19.00 to $17.00 in a report on Friday, April 28th. Cantor Fitzgerald decreased their target price on Coursera from $14.00 to $13.00 in a report on Friday, April 28th. Finally, Morgan Stanley decreased their price target on Coursera from $18.00 to $17.00 and set an “overweight” rating for the company in a research report on Friday, March 31st. Six equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, Coursera presently has an average rating of “Moderate Buy” and an average price target of $17.08.
Institutional Investors Weigh In On Coursera
Coursera, Inc operates an online educational content platform that connects learners, educators, organizations, and institutions. It offers online courses that include data science, business, computer science, information technology, health, social sciences, logic, project management, and digital marketing services; campus student plans; degree courses; and certification education.
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