Coursera (NYSE:COUR) Sees Unusually-High Trading Volume on Analyst Upgrade

Coursera, Inc. (NYSE:COUR) saw unusually-strong trading volume on Monday after UBS Group raised their price target on the stock from $7.50 to $8.50. UBS Group currently has a neutral rating on the stock. Approximately 1,438,326 shares traded hands during mid-day trading, a decline of 15% from the previous session’s volume of 1,690,051 shares.The stock last traded at $7.82 and had previously closed at $7.71.

Other equities research analysts have also recently issued research reports about the stock. Scotiabank assumed coverage on shares of Coursera in a research report on Thursday, December 5th. They issued a “sector perform” rating and a $9.00 price target on the stock. Cantor Fitzgerald restated an “overweight” rating and issued a $10.00 target price on shares of Coursera in a report on Thursday, December 5th. Morgan Stanley lowered their price target on shares of Coursera from $15.00 to $10.00 and set an “overweight” rating for the company in a report on Friday, October 25th. Telsey Advisory Group reissued an “outperform” rating and set a $15.00 price objective on shares of Coursera in a research note on Tuesday, January 28th. Finally, KeyCorp decreased their price objective 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 investment analyst has rated the stock with a sell rating, four have issued a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, Coursera presently has a consensus rating of “Moderate Buy” and an average price target of $10.13.

Insider Activity at Coursera

In other Coursera news, SVP Alan B. Cardenas sold 6,102 shares of the business’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $6.83, for a total value of $41,676.66. Following the completion of the sale, 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. 15.90% of the stock is owned by company insiders.

Institutional Trading of Coursera

A number of large investors have recently modified their holdings of COUR. AQR Capital Management LLC increased its holdings in Coursera by 20.3% during the 2nd quarter. AQR Capital Management LLC now owns 174,976 shares of the company’s stock worth $1,253,000 after purchasing an additional 29,528 shares during the period. The Manufacturers Life Insurance Company increased its stake in shares of Coursera by 1.8% during the second quarter. The Manufacturers Life Insurance Company now owns 70,457 shares of the company’s stock valued at $504,000 after buying an additional 1,276 shares during the period. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of Coursera in the second quarter valued at about $2,545,000. SG Americas Securities LLC purchased a new stake in Coursera in the third quarter worth about $417,000. Finally, Handelsbanken Fonder AB grew its holdings in Coursera by 170.3% during the 3rd quarter. Handelsbanken Fonder AB now owns 44,600 shares of the company’s stock worth $354,000 after acquiring an additional 28,100 shares in the last quarter. Hedge funds and other institutional investors own 89.55% of the company’s stock.

Coursera Stock Performance

The company has a market capitalization of $1.23 billion, a P/E ratio of -15.05 and a beta of 1.42. The company’s fifty day simple moving average is $8.47 and its 200-day simple moving average is $8.00.

About Coursera

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.