Coursera (NYSE:COUR) Coverage Initiated at JPMorgan Chase & Co.

Equities researchers at JPMorgan Chase & Co. began coverage on shares of Coursera (NYSE:COUR) in a research note issued on Monday,Briefing.com Automated Import reports. The brokerage set a “neutral” rating and a $8.00 price target on the stock. JPMorgan Chase & Co.‘s price objective would suggest a potential upside of 12.52% from the stock’s current price.

Several other brokerages also recently issued reports on COUR. Royal Bank of Canada decreased their price objective 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. The Goldman Sachs Group dropped their price objective on Coursera from $9.00 to $7.25 and set a “sell” rating for the company in a report on Friday, October 25th. BMO Capital Markets reduced their target price on Coursera from $10.00 to $9.00 and set an “outperform” rating on the stock in a research note on Friday, October 25th. Morgan Stanley lowered their price objective on shares of Coursera from $15.00 to $10.00 and set an “overweight” rating for the company in a research report on Friday, October 25th. Finally, Bank of America assumed coverage on Coursera in a research note on Thursday, September 19th. They issued a “buy” rating and a $11.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $10.66.

Coursera Trading Up 1.9 %

Coursera stock opened at $7.11 on Monday. Coursera has a 12-month low of $6.29 and a 12-month high of $21.26. The firm has a 50-day moving average price of $7.47 and a 200-day moving average price of $7.64. The firm has a market capitalization of $1.13 billion, a PE ratio of -13.94 and a beta of 1.44.

Insider Activity at Coursera

In other news, Director Andrew Y. Ng sold 6,221 shares of the 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 sale, the director now directly owns 7,297,671 shares of the company’s stock, valued at $58,600,298.13. This represents a 0.09 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Alan B. Cardenas sold 6,102 shares of Coursera 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 transaction, the senior vice president now owns 194,082 shares of the company’s stock, valued at approximately $1,325,580.06. This represents a 3.05 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 13,885 shares of company stock valued at $102,815 over the last 90 days. Insiders own 15.90% of the company’s stock.

Institutional Trading of Coursera

A number of institutional investors and hedge funds have recently made changes to their positions in COUR. Vanguard Group Inc. lifted its stake in shares of Coursera by 2.3% in the first quarter. Vanguard Group Inc. now owns 11,405,792 shares of the company’s stock worth $159,909,000 after buying an additional 254,108 shares in the last quarter. Quadrature Capital Ltd purchased a new position in Coursera in the 1st quarter valued at $635,000. Price T Rowe Associates Inc. MD lifted its holdings in Coursera by 7.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 73,605 shares of the company’s stock valued at $1,032,000 after acquiring an additional 5,180 shares during the period. Bayesian Capital Management LP grew its position in Coursera by 104.5% during the first quarter. Bayesian Capital Management LP now owns 76,700 shares of the company’s stock worth $1,075,000 after buying an additional 39,200 shares during the period. Finally, Teachers Retirement System of The State of Kentucky increased its stake in Coursera by 4.0% in the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 317,776 shares of the company’s stock valued at $4,455,000 after purchasing an additional 12,238 shares in the last quarter. 89.55% of the stock is currently owned by hedge funds and other institutional investors.

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.