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

JPMorgan Chase & Co. initiated coverage on shares of Coursera (NYSE:COUR) in a research note released on Monday, Marketbeat.com reports. The brokerage issued a neutral rating and a $8.00 price target on the stock.

A number of other equities research analysts have also recently commented on COUR. Bank of America assumed coverage on Coursera in a research report on Thursday, September 19th. They set a “buy” rating and a $11.00 target price on the stock. BMO Capital Markets dropped their price objective on Coursera from $10.00 to $9.00 and set an “outperform” rating on the stock in a report on Friday, October 25th. Morgan Stanley reduced their target price on Coursera from $15.00 to $10.00 and set an “overweight” rating for the company in a research note on Friday, October 25th. Cantor Fitzgerald dropped their price target on shares of Coursera from $22.00 to $10.00 and set an “overweight” rating on the stock in a research note on Friday, October 25th. Finally, KeyCorp cut their price target on shares of Coursera from $12.00 to $11.00 and set an “overweight” rating for the company in a report on Friday, October 25th. One research analyst has rated the stock with a sell rating, two have given a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, Coursera has an average rating of “Moderate Buy” and an average target price of $10.66.

Coursera Stock Performance

NYSE COUR opened at $7.90 on Monday. The firm has a market capitalization of $1.25 billion, a P/E ratio of -15.49 and a beta of 1.44. Coursera has a fifty-two week low of $6.29 and a fifty-two week high of $21.26. The stock has a 50-day simple moving average of $7.47 and a two-hundred day simple moving average of $7.63.

Insider Activity

In other Coursera news, SVP Alan B. Cardenas sold 6,102 shares of the firm’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $6.83, for a total value of $41,676.66. Following the completion of the sale, the senior vice president now directly owns 194,082 shares of the company’s stock, valued at $1,325,580.06. This trade represents a 3.05 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Andrew Y. Ng sold 6,221 shares of the business’s 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 transaction, the director now directly owns 7,297,671 shares in the company, valued at approximately $58,600,298.13. The trade was a 0.09 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 13,885 shares of company stock worth $102,815 over the last three months. Insiders own 15.90% of the company’s stock.

Institutional Investors Weigh In On Coursera

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Geode Capital Management LLC boosted its holdings in Coursera by 7.3% in the 3rd quarter. Geode Capital Management LLC now owns 2,922,953 shares of the company’s stock valued at $23,214,000 after purchasing an additional 199,050 shares during the last quarter. Barclays PLC raised its position in shares of Coursera by 24.4% during the 3rd quarter. Barclays PLC now owns 962,122 shares of the company’s stock valued at $7,640,000 after buying an additional 188,911 shares during the period. XTX Topco Ltd raised its position in shares of Coursera by 19.0% during the 3rd quarter. XTX Topco Ltd now owns 99,474 shares of the company’s stock valued at $790,000 after buying an additional 15,891 shares during the period. Zacks Investment Management lifted its holdings in Coursera by 9.6% in the third quarter. Zacks Investment Management now owns 83,448 shares of the company’s stock valued at $663,000 after acquiring an additional 7,334 shares during the last quarter. Finally, State Street Corp grew its position in Coursera by 2.2% in the third quarter. State Street Corp now owns 2,947,168 shares of the company’s stock worth $23,401,000 after acquiring an additional 63,549 shares during the period. 89.55% of the stock is currently owned by institutional investors and hedge funds.

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.