Coursera’s (COUR) Outperform Rating Reiterated at Telsey Advisory Group

Coursera (NYSE:COUR)‘s stock had its “outperform” rating reiterated by stock analysts at Telsey Advisory Group in a report issued on Friday,Benzinga reports. They currently have a $14.00 price objective on the stock. Telsey Advisory Group’s target price points to a potential upside of 128.98% from the company’s current price.

COUR has been the topic of several other research reports. Royal Bank Of Canada lowered their price objective on Coursera from $13.00 to $11.00 and set an “outperform” rating on the stock in a research report on Monday, January 5th. Cantor Fitzgerald restated an “overweight” rating on shares of Coursera in a research report on Wednesday, November 26th. Wall Street Zen raised Coursera from a “hold” rating to a “buy” rating in a research note on Sunday, January 25th. JPMorgan Chase & Co. raised shares of Coursera from a “neutral” rating to an “overweight” rating and set a $12.00 price objective for the company in a research note on Wednesday, December 17th. Finally, Needham & Company LLC restated a “buy” rating and issued a $14.00 target price on shares of Coursera in a report on Wednesday, November 26th. Seven equities research 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. According to MarketBeat.com, Coursera presently has an average rating of “Hold” and an average target price of $12.27.

Coursera Price Performance

COUR stock opened at $6.11 on Friday. The firm’s fifty day simple moving average is $7.40 and its 200-day simple moving average is $9.39. The company has a market capitalization of $1.02 billion, a P/E ratio of -21.08 and a beta of 1.37. Coursera has a 12 month low of $5.76 and a 12 month high of $13.56.

Insider Buying and Selling

In other Coursera news, SVP Alan B. Cardenas sold 8,078 shares of Coursera stock in a transaction dated Monday, December 15th. The stock was sold at an average price of $8.17, for a total value of $65,997.26. Following the completion of the transaction, the senior vice president directly owned 237,828 shares of the company’s stock, valued at $1,943,054.76. The trade was a 3.28% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 16.80% of the stock is owned by company insiders.

Hedge Funds Weigh In On Coursera

Several hedge funds and other institutional investors have recently added to or reduced their stakes in COUR. Vanguard Group Inc. raised its stake 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 acquiring an additional 2,195,148 shares in the last quarter. Baillie Gifford & Co. raised its holdings in Coursera by 97.0% during the fourth quarter. Baillie Gifford & Co. now owns 14,590,942 shares of the company’s stock worth $107,389,000 after purchasing an additional 7,184,167 shares in the last quarter. Geode Capital Management LLC raised its stake in Coursera by 2.6% during the 2nd quarter. Geode Capital Management LLC now owns 3,057,118 shares of the company’s stock worth $26,784,000 after acquiring an additional 77,044 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Coursera by 341.6% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 2,955,723 shares of the company’s stock valued at $34,612,000 after purchasing an additional 2,286,395 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its position in Coursera by 5.9% during the third quarter. Dimensional Fund Advisors LP now owns 2,704,855 shares of the company’s stock worth $31,679,000 after buying an additional 151,000 shares during the period. Hedge funds and other institutional investors own 89.55% of the company’s stock.

Coursera Company Profile

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.