Coursera (NYSE:COUR) Trading 8.2% Higher – Still a Buy?

Shares of Coursera, Inc. (NYSE:COUR) traded up 8.2% on Monday . The company traded as high as $9.23 and last traded at $9.36. 482,537 shares changed hands during mid-day trading, a decline of 58% from the average session volume of 1,142,917 shares. The stock had previously closed at $8.65.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on COUR. Needham & Company LLC reiterated a “buy” rating and issued a $11.00 target price on shares of Coursera in a report on Monday. Morgan Stanley reduced their price target on shares of Coursera from $15.00 to $10.00 and set an “overweight” rating for the company in a research report on Friday, October 25th. Telsey Advisory Group reissued an “outperform” rating and set a $18.00 target price on shares of Coursera in a research report on Monday, October 21st. 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 for the company. Finally, The Goldman Sachs Group dropped their price objective on shares of Coursera from $9.00 to $7.25 and set a “sell” rating on the stock in a report on Friday, October 25th. One analyst has rated the stock with a sell rating, three have given a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $10.52.

Coursera Stock Performance

The company has a market cap of $1.49 billion, a P/E ratio of -18.34 and a beta of 1.44. The stock has a 50-day moving average of $8.26 and a two-hundred day moving average of $7.94.

Insider Transactions at Coursera

In other news, SVP Alan B. Cardenas sold 6,102 shares of Coursera stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $6.83, for a total transaction of $41,676.66. Following the transaction, the senior vice president now directly owns 194,082 shares of the company’s stock, valued at $1,325,580.06. The trade was a 3.05 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 16.30% of the company’s stock.

Institutional Trading of Coursera

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

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.