Coursera (NYSE:COUR) Price Target Cut to $7.00 by Analysts at JPMorgan Chase & Co.

Coursera (NYSE:COUR) had its price objective reduced by JPMorgan Chase & Co. from $8.00 to $7.00 in a research report sent to investors on Tuesday morning,Benzinga reports. They currently have a neutral rating on the stock.

Several other research firms have also recently weighed in on COUR. Bank of America restated an “underperform” rating and issued a $7.00 price target on shares of Coursera in a research note on Thursday, March 27th. Royal Bank of Canada reissued an “outperform” rating and issued a $10.00 target price on shares of Coursera in a research report on Friday, January 31st. Needham & Company LLC reaffirmed a “buy” rating and set a $11.00 price target on shares of Coursera in a report on Monday, January 27th. Telsey Advisory Group reissued an “outperform” rating and set a $15.00 price objective on shares of Coursera in a report on Tuesday, January 28th. Finally, UBS Group raised their target price on shares of Coursera from $7.50 to $8.50 and gave the stock a “neutral” rating in a report on Friday, January 31st. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $9.75.

Coursera Stock Down 0.9 %

Shares of COUR opened at $6.15 on Tuesday. Coursera has a twelve month low of $5.76 and a twelve month high of $13.74. The company has a market capitalization of $984.47 million, a P/E ratio of -11.82 and a beta of 1.42. The firm has a 50 day moving average of $7.46 and a 200 day moving average of $7.79.

Insider Transactions at Coursera

In other news, SVP Alan B. Cardenas sold 5,613 shares of the stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $8.26, for a total value of $46,363.38. Following the completion of the sale, the senior vice president now directly owns 180,413 shares of the company’s stock, valued at $1,490,211.38. This represents a 3.02 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 16.30% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of COUR. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Coursera by 1.8% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 101,948 shares of the company’s stock valued at $867,000 after acquiring an additional 1,785 shares in the last quarter. Waterfront Wealth Inc. lifted its holdings in Coursera by 1.7% in the 4th quarter. Waterfront Wealth Inc. now owns 156,411 shares of the company’s stock worth $1,329,000 after purchasing an additional 2,543 shares in the last quarter. New York State Common Retirement Fund boosted its stake in Coursera by 6.4% in the 4th quarter. New York State Common Retirement Fund now owns 42,368 shares of the company’s stock worth $360,000 after purchasing an additional 2,552 shares during the period. FMR LLC boosted its stake in Coursera by 67.6% in the 3rd quarter. FMR LLC now owns 6,574 shares of the company’s stock worth $52,000 after purchasing an additional 2,651 shares during the period. Finally, Swiss National Bank grew its holdings in Coursera by 1.2% during the 4th quarter. Swiss National Bank now owns 262,300 shares of the company’s stock valued at $2,230,000 after buying an additional 3,100 shares in 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.