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 morning, MarketBeat reports. The firm issued a neutral rating and a $8.00 price target on the stock.

A number of other equities research analysts have also recently issued reports on the company. Bank of America assumed coverage on Coursera in a research note on Thursday, September 19th. They issued a “buy” rating and a $11.00 target price on the stock. Royal Bank of Canada reduced their target price on shares of Coursera from $18.00 to $10.00 and set an “outperform” rating for the company in a research note on Friday, October 25th. Morgan Stanley dropped their price target on shares of Coursera from $15.00 to $10.00 and set an “overweight” rating on the stock in a research note on Friday, October 25th. Telsey Advisory Group reiterated an “outperform” rating and set a $18.00 price objective on shares of Coursera in a research report on Monday, October 21st. Finally, Needham & Company LLC lowered their target price on Coursera from $15.00 to $11.00 and set a “buy” rating on the stock in a research report on Friday, October 25th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $10.66.

Coursera Stock Up 5.5 %

COUR opened at $8.20 on Monday. The company’s 50-day moving average price is $7.47 and its 200 day moving average price is $7.63. Coursera has a fifty-two week low of $6.29 and a fifty-two week high of $21.26. The firm has a market cap of $1.30 billion, a price-to-earnings ratio of -16.08 and a beta of 1.44.

Insider Buying and Selling at Coursera

In related news, Director Andrew Y. Ng sold 6,221 shares of the company’s stock in a transaction on Wednesday, September 18th. The stock was 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 of the company’s stock, valued at approximately $58,600,298.13. The trade was a 0.09 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Alan B. Cardenas sold 6,102 shares of the firm’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $6.83, for a total value of $41,676.66. Following the sale, the senior vice president now owns 194,082 shares of the company’s stock, 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. In the last three months, insiders sold 13,885 shares of company stock valued at $102,815. 16.30% of the stock is owned by insiders.

Hedge Funds Weigh In On Coursera

A number of hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. raised its position in shares of Coursera by 2.3% in the first quarter. Vanguard Group Inc. now owns 11,405,792 shares of the company’s stock valued at $159,909,000 after purchasing an additional 254,108 shares during the period. Quadrature Capital Ltd bought a new stake in Coursera during the first quarter valued at about $635,000. Price T Rowe Associates Inc. MD grew its position in shares of Coursera by 7.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 73,605 shares of the company’s stock valued at $1,032,000 after purchasing an additional 5,180 shares during the last quarter. Bayesian Capital Management LP increased its stake in shares of Coursera by 104.5% in the first quarter. Bayesian Capital Management LP now owns 76,700 shares of the company’s stock worth $1,075,000 after purchasing an additional 39,200 shares during the period. Finally, Teachers Retirement System of The State of Kentucky lifted its position in shares of Coursera by 4.0% during the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 317,776 shares of the company’s stock worth $4,455,000 after purchasing an additional 12,238 shares during the last quarter. 89.55% of the stock is owned by institutional investors and hedge funds.

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.