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

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

Several other equities analysts also recently commented on COUR. The Goldman Sachs Group cut their price target on shares of Coursera from $9.00 to $7.25 and set a “sell” rating on the stock in a report on Friday, October 25th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $18.00 target price on shares of Coursera in a research note on Monday, October 21st. Bank of America assumed coverage on Coursera in a research note on Thursday, September 19th. They set a “buy” rating and a $11.00 price target for the company. Needham & Company LLC cut their price objective on Coursera from $15.00 to $11.00 and set a “buy” rating on the stock in a research report on Friday, October 25th. Finally, Morgan Stanley decreased their target price on Coursera from $15.00 to $10.00 and set an “overweight” rating for the company in a research report on Friday, October 25th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, Coursera has a consensus rating of “Moderate Buy” and an average price target of $10.66.

Coursera Stock Up 11.1 %

NYSE COUR opened at $7.90 on Monday. Coursera has a 52 week low of $6.29 and a 52 week high of $21.26. The firm has a market capitalization of $1.25 billion, a price-to-earnings ratio of -15.49 and a beta of 1.44. The company has a fifty day moving average of $7.47 and a two-hundred day moving average of $7.63.

Insider Transactions at Coursera

In related news, SVP Alan B. Cardenas sold 6,102 shares of the company’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $6.83, for a total transaction of $41,676.66. Following the transaction, the senior vice president now directly owns 194,082 shares of the company’s stock, valued at $1,325,580.06. This represents a 3.05 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Andrew Y. Ng sold 6,221 shares of the firm’s stock in a transaction dated Wednesday, September 18th. The stock was 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 directly owns 7,297,671 shares of the company’s stock, valued at approximately $58,600,298.13. This represents a 0.09 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 13,885 shares of company stock valued at $102,815. Corporate insiders own 15.90% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. CWM LLC increased its position in shares of Coursera by 7,568.6% in the 2nd quarter. CWM LLC now owns 3,911 shares of the company’s stock valued at $28,000 after acquiring an additional 3,860 shares during the period. FMR LLC increased its holdings in shares of Coursera by 67.6% in the third quarter. FMR LLC now owns 6,574 shares of the company’s stock valued at $52,000 after purchasing an additional 2,651 shares during the period. nVerses Capital LLC raised its stake in shares of Coursera by 26.1% in the second quarter. nVerses Capital LLC now owns 8,700 shares of the company’s stock worth $62,000 after purchasing an additional 1,800 shares during the last quarter. LGT Group Foundation acquired a new stake in shares of Coursera during the second quarter worth about $73,000. Finally, Quarry LP boosted its position in Coursera by 936.6% in the second quarter. Quarry LP now owns 10,356 shares of the company’s stock valued at $74,000 after buying an additional 9,357 shares during the last quarter. Hedge funds and other institutional investors own 89.55% of the company’s stock.

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.