Coursera (NYSE:COUR) Earns “Outperform” Rating from Telsey Advisory Group

Coursera (NYSE:COUR)‘s stock had its “outperform” rating restated by equities researchers at Telsey Advisory Group in a research note issued on Friday,Benzinga reports. They currently have a $14.00 price objective on the stock. Telsey Advisory Group’s price target would indicate a potential upside of 131.02% from the company’s previous close.

Several other brokerages also recently issued reports on COUR. Royal Bank Of Canada reduced their price target on Coursera from $13.00 to $11.00 and set an “outperform” rating for the company in a report on Monday, January 5th. Needham & Company LLC reaffirmed a “buy” rating and issued a $14.00 price objective on shares of Coursera in a research report on Wednesday, November 26th. Cantor Fitzgerald reiterated an “overweight” rating on shares of Coursera in a research note on Wednesday, November 26th. JPMorgan Chase & Co. raised Coursera from a “neutral” rating to an “overweight” rating and set a $12.00 target price on the stock in a report on Wednesday, December 17th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Coursera in a research note on Wednesday, October 8th. Seven analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $12.27.

Coursera Trading Down 1.1%

NYSE COUR opened at $6.06 on Friday. The firm has a market capitalization of $1.01 billion, a P/E ratio of -20.90 and a beta of 1.37. The firm’s fifty day moving average price is $7.36 and its two-hundred day moving average price is $9.38. Coursera has a 1 year low of $5.76 and a 1 year high of $13.56.

Insiders Place Their Bets

In other news, SVP Alan B. Cardenas sold 8,078 shares of Coursera stock in a transaction on Monday, December 15th. The stock was sold at an average price of $8.17, for a total transaction of $65,997.26. Following the completion of the sale, the senior vice president owned 237,828 shares of the company’s stock, valued at approximately $1,943,054.76. This trade represents a 3.28% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 16.80% of the stock is owned by insiders.

Hedge Funds Weigh In On Coursera

Several institutional investors and hedge funds have recently modified their holdings of COUR. M&T Bank Corp acquired a new stake in Coursera in the 4th quarter worth about $105,000. Quent Capital LLC bought a new position in shares of Coursera during the fourth quarter worth approximately $478,000. Vanguard Group Inc. raised its position in shares of Coursera by 15.8% in the fourth quarter. Vanguard Group Inc. now owns 16,116,748 shares of the company’s stock valued at $118,619,000 after buying an additional 2,195,148 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH raised its position in shares of Coursera by 58.2% in the fourth quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 1,084,567 shares of the company’s stock valued at $7,982,000 after buying an additional 398,920 shares in the last quarter. Finally, Waterfront Wealth Inc. lifted its position in shares of Coursera by 34.8% during the 4th quarter. Waterfront Wealth Inc. now owns 183,965 shares of the company’s stock valued at $1,354,000 after acquiring an additional 47,448 shares during the period. 89.55% of the stock is currently owned by institutional investors and hedge funds.

About Coursera

Coursera, Inc (NYSE:COUR) operates a leading online learning platform that delivers courses, specializations, professional certificates and fully accredited degree programs in collaboration with top universities and industry partners. Founded in 2012 by Stanford University professors Andrew Ng and Daphne Koller, Coursera’s mission is to provide universal access to world-class education and bridge skill gaps in a rapidly evolving job market.

The platform features more than 6,000 offerings created by over 275 academic institutions and corporate entities, spanning fields such as data science, business, technology, health care and the arts.