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

JPMorgan Chase & Co. upgraded shares of Coursera (NYSE:COURFree Report) from a neutral rating to an overweight rating in a research report report published on Wednesday morning, Marketbeat.com reports. They currently have $12.00 price target on the stock.

Several other equities research analysts have also recently commented on the company. Telsey Advisory Group restated an “outperform” rating and issued a $14.00 target price on shares of Coursera in a research note on Friday, October 3rd. Cantor Fitzgerald reiterated an “overweight” rating on shares of Coursera in a report on Wednesday, November 26th. Weiss Ratings reissued a “sell (d-)” rating on shares of Coursera in a research report on Wednesday, October 8th. Needham & Company LLC reaffirmed a “buy” rating and issued a $14.00 target price on shares of Coursera in a research report on Wednesday, November 26th. Finally, UBS Group lifted their price target on shares of Coursera from $10.00 to $11.00 and gave the company a “neutral” rating in a research note on Friday, October 24th. Seven investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Coursera has a consensus rating of “Hold” and a consensus target price of $12.45.

Check Out Our Latest Analysis on COUR

Coursera Price Performance

Shares of COUR stock opened at $7.58 on Wednesday. The stock has a market cap of $1.26 billion, a PE ratio of -26.14 and a beta of 1.37. The stock has a 50-day moving average of $8.61 and a 200-day moving average of $9.73. Coursera has a one year low of $5.76 and a one year high of $13.56.

Coursera (NYSE:COURGet Free Report) last issued its quarterly earnings data on Thursday, October 23rd. The company reported $0.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.09 by $0.01. Coursera had a negative net margin of 6.19% and a negative return on equity of 4.75%. The firm had revenue of $194.20 million during the quarter, compared to analysts’ expectations of $190.33 million. During the same quarter in the previous year, the company earned $0.10 earnings per share. The business’s revenue for the quarter was up 10.3% on a year-over-year basis. As a group, research analysts anticipate that Coursera will post -0.28 earnings per share for the current year.

Insider Buying and Selling at Coursera

In related news, SVP Alan B. Cardenas sold 8,078 shares of the stock in a transaction that occurred on Monday, December 15th. The shares were sold at an average price of $8.17, for a total transaction of $65,997.26. Following the sale, the senior vice president owned 237,828 shares in the company, valued at approximately $1,943,054.76. This trade represents a 3.28% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Michele M. Meyers sold 3,500 shares of the business’s stock in a transaction that occurred on Thursday, October 16th. The shares were sold at an average price of $10.27, for a total transaction of $35,945.00. Following the transaction, the chief accounting officer owned 234,295 shares of the company’s stock, valued at approximately $2,406,209.65. This represents a 1.47% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 16.80% of the stock is owned by company insiders.

Hedge Funds Weigh In On Coursera

Large investors have recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in shares of Coursera by 2.6% during the third quarter. Vanguard Group Inc. now owns 13,921,600 shares of the company’s stock valued at $163,022,000 after acquiring an additional 357,264 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Coursera by 2.6% during the second quarter. Geode Capital Management LLC now owns 3,057,118 shares of the company’s stock valued at $26,784,000 after purchasing an additional 77,044 shares during the period. Arrowstreet Capital Limited Partnership raised its stake in Coursera by 341.6% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 2,955,723 shares of the company’s stock worth $34,612,000 after buying an additional 2,286,395 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Coursera by 5.9% in the third quarter. Dimensional Fund Advisors LP now owns 2,704,855 shares of the company’s stock worth $31,679,000 after acquiring an additional 151,000 shares in the last quarter. Finally, Lazard Asset Management LLC grew its stake in Coursera by 84.2% in the third quarter. Lazard Asset Management LLC now owns 2,319,515 shares of the company’s stock valued at $27,162,000 after acquiring an additional 1,060,288 shares during the period. 89.55% of the stock is currently owned by institutional investors.

Key Stores Impacting Coursera

Here are the key news stories impacting Coursera this week:

About Coursera

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Coursera, Inc (NYSE:COUR) operates a leading online learning platform that delivers courses, specializations, professional certificates and fully accredited degree programs in collaboration with top universities and industry partners. Founded in 2012 by Stanford University professors Andrew Ng and Daphne Koller, Coursera’s mission is to provide universal access to world-class education and bridge skill gaps in a rapidly evolving job market.

The platform features more than 6,000 offerings created by over 275 academic institutions and corporate entities, spanning fields such as data science, business, technology, health care and the arts.

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Analyst Recommendations for Coursera (NYSE:COUR)

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