Coursera (NYSE:COUR) Trading 7.5% Higher – Should You Buy?

Shares of Coursera, Inc. (NYSE:COUR) shot up 7.5% during trading on Wednesday . The stock traded as high as $8.35 and last traded at $8.35. 1,376,193 shares traded hands during mid-day trading, a decline of 40% from the average session volume of 2,295,121 shares. The stock had previously closed at $7.77.

Wall Street Analyst Weigh In

COUR has been the subject of several analyst reports. KeyCorp lowered their price target on shares of Coursera from $12.00 to $11.00 and set an “overweight” rating for the company in a report on Friday, October 25th. Royal Bank of Canada lowered their target price on shares of Coursera from $18.00 to $10.00 and set an “outperform” rating for the company in a research note on Friday, October 25th. Morgan Stanley cut their price target on shares of Coursera from $15.00 to $10.00 and set an “overweight” rating on the stock in a research report on Friday, October 25th. BMO Capital Markets lowered their price objective on Coursera from $10.00 to $9.00 and set an “outperform” rating for the company in a research report on Friday, October 25th. Finally, The Goldman Sachs Group cut their target price on Coursera from $9.00 to $7.25 and set a “sell” rating on the stock in a research report on Friday, October 25th. One analyst has rated the stock with a sell rating, two have issued a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $10.66.

Coursera Stock Performance

The business has a 50 day moving average of $7.47 and a two-hundred day moving average of $7.63.

Insider Activity

In other news, Director Andrew Y. Ng sold 6,221 shares of the business’s stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $8.03, for a total transaction of $49,954.63. Following the completion of the sale, the director now directly owns 7,297,671 shares of the company’s stock, valued at $58,600,298.13. The trade was a 0.09 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Alan B. Cardenas sold 6,102 shares of the company’s 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 completion of the sale, the senior vice president now owns 194,082 shares in the company, valued at $1,325,580.06. This represents a 3.05 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 13,885 shares of company stock worth $102,815 over the last quarter. 16.30% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Assenagon Asset Management S.A. bought a new position in Coursera during the 2nd quarter valued at $9,525,000. Millennium Management LLC raised its holdings in shares of Coursera by 67.0% in 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 during the last quarter. M&G Plc bought a new position in shares of Coursera during the second quarter valued at about $5,048,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings 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 purchasing an additional 628,140 shares during the last quarter. Finally, Senvest Management LLC grew its position in Coursera by 994.7% in the 3rd quarter. Senvest Management LLC now owns 642,806 shares of the company’s stock worth $5,104,000 after purchasing an additional 584,085 shares in the last quarter. Hedge funds and other institutional investors 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.