Coursera (NYSE:COUR) Given Outperform Rating at Telsey Advisory Group

Coursera (NYSE:COUR)‘s stock had its “outperform” rating restated by equities researchers at Telsey Advisory Group in a report released on Friday,Benzinga reports. They presently have a $14.00 target price on the stock. Telsey Advisory Group’s target price indicates a potential upside of 128.98% from the stock’s current price.

COUR has been the topic of a number of other reports. UBS Group decreased their target price on Coursera from $11.00 to $9.00 and set a “neutral” rating on the stock in a report on Thursday, December 18th. Royal Bank Of Canada dropped their price target on shares of Coursera from $13.00 to $11.00 and set an “outperform” rating for the company in a research report on Monday, January 5th. JPMorgan Chase & Co. upgraded shares of Coursera from a “neutral” rating to an “overweight” rating and set a $12.00 price objective on the stock in a research report on Wednesday, December 17th. Needham & Company LLC reaffirmed a “buy” rating and issued a $14.00 target price on shares of Coursera in a report on Wednesday, November 26th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Coursera in a report on Wednesday, October 8th. Seven investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $12.27.

Coursera Trading Down 1.1%

Shares of NYSE COUR opened at $6.11 on Friday. Coursera has a 12-month low of $5.76 and a 12-month high of $13.56. The firm has a market capitalization of $1.02 billion, a price-to-earnings ratio of -21.08 and a beta of 1.37. The firm has a 50 day moving average of $7.40 and a 200 day moving average of $9.39.

Insiders Place Their Bets

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

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Nisa Investment Advisors LLC lifted its position in shares of Coursera by 102.9% during the second quarter. Nisa Investment Advisors LLC now owns 3,652 shares of the company’s stock worth $32,000 after purchasing an additional 1,852 shares during the last quarter. Quarry LP increased its position in Coursera by 619.9% during the 3rd quarter. Quarry LP now owns 4,024 shares of the company’s stock valued at $47,000 after purchasing an additional 3,465 shares during the period. Daiwa Securities Group Inc. raised its stake in Coursera by 163.7% in the second quarter. Daiwa Securities Group Inc. now owns 7,330 shares of the company’s stock worth $64,000 after buying an additional 4,550 shares in the last quarter. State of Alaska Department of Revenue purchased a new position in shares of Coursera in the 3rd quarter valued at $104,000. Finally, Savant Capital LLC purchased a new position in Coursera in the second quarter valued at about $94,000. Hedge funds and other institutional investors own 89.55% of the company’s stock.

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.