• Disclaimer
  • Privacy Policy
Media Coverage
  • Analyst Ratings
  • Market coverage
  • Business news
  • Wealth
  • Stock Markets
  • World Economy
  • About Us
    • About us
    • Contact
No Result
View All Result
  • Analyst Ratings
  • Market coverage
  • Business news
  • Wealth
  • Stock Markets
  • World Economy
  • About Us
    • About us
    • Contact
No Result
View All Result
Media Coverage
No Result
View All Result
Home Analyst Ratings

Coursera Inc.: Moderate Buy Rating and Insider Sales Activity Highlight Investor Confidence

Gabriel Bello Obando by Gabriel Bello Obando
April 22, 2023
in Analyst Ratings
0
Financial Analysis news
0
SHARES
4
VIEWS
Share on FacebookShare on Twitter

As of April 21, 2023, Coursera Inc. has been given an average rating of “Moderate Buy” by thirteen research firms, as reported by Bloomberg.com. Of these researchers, five have given the stock a hold rating while six others have issued a buy rating. The company’s average 12-month target price among analysts who have updated their coverage of the stock in the past year is $17.50.

Coursera Inc., founded in 2012, operates an online educational content platform that connects learners with educators, institutions, and organizations. With a wide variety of courses ranging from data science and computer science to health and social sciences, Coursera also provides campus student plans and certification education programs.

In other news relating to Coursera Inc., CAO Michele M. Meyers completed the sale of 7,438 shares of the firm’s stock on March 27th at an average price of $10.88, resulting in a total transaction amount of $80,925.44. Following this sale, Meyers now directly owns 259,291 shares valued at approximately $2,821,086.08 USD according to disclosures made public via the Securities & Exchange Commission website.

SVP Richard J. Jacquet also sold 31,881 shares on March 16th for a total value of $374,601.75 at an average price of $11.75 per share in another recent insider sale disclosure for Coursera Inc.’s publicly traded stock.

Within the past ninety days alone (as stated by recent SEC filings), insiders reportedly sold a total of 496,164 shares valued at over $5 million USD – indicating a high degree of turnover within executive ranks or even possible fluctuations in investor confidence through that period.

Despite such insider sales activity and market volatility trends previously observed over time with various IPOs within this sector – according to Bloomberg’s analysis – Coursera remains a moderate buy for investors as it expands its footprint within the lucrative online higher education and lifelong learning markets.

Coursera: Conflicting Analyst Views and Institutional Investor Moves



In recent months, Coursera has been the subject of much speculation and commentary from financial experts and research firms alike. While some analysts report bullish forecasts with “buy” ratings and price objectives topping $30, others are more cautious, lowering their target prices and issuing “hold” or even “neutral” ratings. These differing opinions on the online education company’s future trajectory may leave some investors uncertain about whether to buy, sell, or hold onto COUR stock.

KeyCorp appears among those notably optimistic about Coursera’s prospects. In its report released on February 10th, KeyCorp raised its target price for COUR from $16 to $19 while giving it an “overweight” rating. Royal Bank of Canada also sees promise in the company’s potential growth; in a March 10th report, RBC reinstated an “outperform” rating with an $18 price objective for COUR shares.

However, other research firms have adopted a more measured stance towards Coursera for various reasons. Truist Financial downgraded its rating from “buy” to “hold,” citing concerns over the economic climate’s impact on COUR and reduced its target price from $17.50 to $12 in late February. A similar adjustment came from Cantor Fitzgerald when they lowered their recommendation from “overweight” to “neutral.” This firm also decreased their price objective-the second such reduction for COUR stock in as many weeks-to $16.

Yet another notable change came when Citigroup dropped its target price for the company-by more than 25%-from $40 to just $30 on February 15th. Despite this drastic drop, Citigroup still maintained a favorable forecast for COUR in assigning it a “buy” recommendation.

Against this backdrop of conflicting assessments by research firms, potential investors must ultimately make up their minds based upon available data and market circumstances. It bears noting that Coursera’s current market capitalization stands at $1.55 billion, and its price-to-earnings (PE) ratio is a negative 8.59. COUR has fluctuated between a low of $9.81 and a high of $23.06 over the past year, and it opened on April 21st, 2023 at $10.39.

Examining recent moves from institutional investors could provide some insight into how seasoned analysts are sizing up Coursera’s future prospects. The Manufacturers Life Insurance Company increased its holdings by 760 shares for a total of 46,140; meanwhile, Allspring Global Investments Holdings LLC grew their stake by 2.6%, adding another 929 shares to their portfolio. Arizona State Retirement System and State Board of Administration of Florida Retirement System also grew their holdings in COUR stock by more modest percentages.

Ultimately whether one sees COUR as an opportunity or an obstacle will depend upon how one interprets these various signals with regard to the market trends for online education companies as well as broader economic conditions and future growth prospects for Coursera specifically. One thing is clear-the market will continue to monitor the situation closely in light of the rapidly evolving educational landscape undergirding our society as we navigate an ever-changing world post-COVID-19 pandemic reality.

Tags: COUR
Previous Post

Bank of Hawaii Co. Demonstrates Resiliency Amidst Rising Short Interest Levels

Next Post

Alkermes plc Rated as Moderate Buy by Analysts for its Strong CNS Drug Development Portfolio and Robust Performances Amid Covid-19 Disruptions

Next Post
Financial services invest

Alkermes plc Rated as Moderate Buy by Analysts for its Strong CNS Drug Development Portfolio and Robust Performances Amid Covid-19 Disruptions

Wealth

Sugarhill Ddot’s Net Worth: Inside The Career of the Rising Drill Rap Star

by Gabriel Bello Obando
November 10, 2023
0

When it comes to the hip-hop scene in America, there are a few names that stand out. However, one name...

Read more

From Telenovelas to Hollywood: Exploring Kate del Castillo Net Worth and Career Achievements

June 1, 2023

Adamari López Net Worth: An Inspirational Tale of Resilience Beyond The Screen

June 1, 2023

Simon Helberg Net Worth: A Multi-Talented Hollywood Star

June 1, 2023

Lillo Brancato Jr. Net Worth: From Stepping Stone to Scandal – A Look into his Career

June 1, 2023

Categories

  • Analyst Ratings
  • Business
  • Business news
  • Market coverage
  • Pre-IPO & Startups
  • Stock Markets
  • Wealth
  • World Economy

About Us

Our team of experienced journalists and industry experts is committed to providing you with the latest and most accurate information on a wide range of topics, from finance and technology to politics and the economy.

We are proud to be part of the Best Stocks team and to offer our readers exceptional content that is informed by our combined expertise. We look forward to continuing to serve our readers and to playing a key role in the world of business analysis and reporting.

READ MORE

  • Media Contacts
  • Journalist Contacts
  • Contact
  • About us
  • Disclaimer
  • Privacy Policy

© 2023 Media Coverage

No Result
View All Result
  • Analyst Ratings
  • Market coverage
  • Business news
  • Wealth
  • Stock Markets
  • World Economy
  • About Us
    • About us
    • Contact

© 2023 Media Coverage