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

Equities researchers at JPMorgan Chase & Co. assumed coverage on shares of Coursera (NYSE:COUR) in a research report issued to clients and investors on Monday,Briefing.com Automated Import reports. The firm set a “neutral” rating and a $8.00 price target on the stock. JPMorgan Chase & Co.‘s price target suggests a potential upside of 12.52% from the company’s previous close.

A number of other brokerages have also recently commented on COUR. The Goldman Sachs Group decreased their price objective on Coursera from $9.00 to $7.25 and set a “sell” rating for the company in a research note on Friday, October 25th. BMO Capital Markets decreased their target price on shares of Coursera from $10.00 to $9.00 and set an “outperform” rating for the company in a research report on Friday, October 25th. Telsey Advisory Group reissued an “outperform” rating and issued a $18.00 target price on shares of Coursera in a research note on Monday, October 21st. Royal Bank of Canada reduced their target price on Coursera from $18.00 to $10.00 and set an “outperform” rating for the company in a research note on Friday, October 25th. Finally, Needham & Company LLC cut their price objective on shares of Coursera from $15.00 to $11.00 and set a “buy” rating for the company in a research report on Friday, October 25th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, Coursera presently has a consensus rating of “Moderate Buy” and an average target price of $10.66.

Coursera Price Performance

COUR opened at $7.11 on Monday. The stock has a market capitalization of $1.13 billion, a P/E ratio of -13.94 and a beta of 1.44. The company’s 50 day simple moving average is $7.47 and its 200-day simple moving average is $7.64. Coursera has a one year low of $6.29 and a one year high of $21.26.

Insiders Place Their Bets

In other Coursera news, Director Andrew Y. Ng sold 6,221 shares of Coursera stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $8.03, for a total value of $49,954.63. Following the completion of the sale, the director now owns 7,297,671 shares of the company’s stock, valued at approximately $58,600,298.13. The trade was a 0.09 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Alan B. Cardenas sold 6,102 shares of the stock in a transaction that occurred on 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 transaction, the senior vice president now owns 194,082 shares in the company, valued at $1,325,580.06. The trade was a 3.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 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 Investors Weigh In On Coursera

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company grew its holdings in Coursera by 1.8% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 70,457 shares of the company’s stock valued at $504,000 after buying an additional 1,276 shares in the last quarter. nVerses Capital LLC grew its stake in shares of Coursera by 26.1% in the 2nd quarter. nVerses Capital LLC now owns 8,700 shares of the company’s stock worth $62,000 after buying an additional 1,800 shares in the last quarter. Pitcairn Co. increased its holdings in shares of Coursera by 16.9% in the 3rd quarter. Pitcairn Co. now owns 13,655 shares of the company’s stock worth $108,000 after buying an additional 1,971 shares during the last quarter. FMR LLC raised its position in shares of Coursera by 67.6% during the 3rd quarter. FMR LLC now owns 6,574 shares of the company’s stock valued at $52,000 after buying an additional 2,651 shares in the last quarter. Finally, Harbor Capital Advisors Inc. lifted its holdings in shares of Coursera by 11.2% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 26,424 shares of the company’s stock valued at $210,000 after acquiring an additional 2,658 shares during the last quarter. Institutional investors own 89.55% of the company’s stock.

About Coursera

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.