JPMorgan Chase & Co. Initiates Coverage on Coursera (NYSE:COUR)

Equities researchers at JPMorgan Chase & Co. assumed coverage on shares of Coursera (NYSE:COUR) in a research note issued on Monday, Marketbeat reports. The brokerage set a “neutral” rating and a $8.00 price target on the stock. JPMorgan Chase & Co.‘s price target would suggest a potential upside of 3.09% from the company’s previous close.

Several other equities analysts have also weighed in on the stock. Telsey Advisory Group reiterated an “outperform” rating and issued a $18.00 target price on shares of Coursera in a report on Monday, October 21st. Royal Bank of Canada decreased their target price on shares of Coursera from $18.00 to $10.00 and set an “outperform” rating on the stock in a report on Friday, October 25th. KeyCorp decreased their target price on shares of Coursera from $12.00 to $11.00 and set an “overweight” rating on the stock in a report on Friday, October 25th. BMO Capital Markets decreased their target price on shares of Coursera from $10.00 to $9.00 and set an “outperform” rating on the stock in a report on Friday, October 25th. Finally, Morgan Stanley decreased their target price on shares of Coursera from $15.00 to $10.00 and set an “overweight” rating on the stock in a report on Friday, October 25th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, Coursera currently has an average rating of “Moderate Buy” and a consensus target price of $10.66.

Coursera Trading Down 1.8 %

COUR opened at $7.76 on Monday. The firm has a market capitalization of $1.23 billion, a PE ratio of -15.24 and a beta of 1.44. Coursera has a twelve month low of $6.29 and a twelve month high of $21.26. The firm’s 50-day moving average price is $7.47 and its 200 day moving average price is $7.63.

Insider Buying and Selling

In related news, SVP Alan B. Cardenas sold 6,102 shares of the stock in a transaction on Monday, November 18th. The shares were sold at an average price of $6.83, for a total transaction of $41,676.66. Following the completion of the sale, the senior vice president now owns 194,082 shares in the company, valued at $1,325,580.06. This represents a 3.05 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Andrew Y. Ng sold 6,221 shares of the 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 sale, the director now 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. Insiders sold a total of 13,885 shares of company stock worth $102,815 in the last 90 days. Company insiders own 15.90% of the company’s stock.

Institutional Trading of Coursera

Several hedge funds have recently made changes to their positions in the company. Geode Capital Management LLC lifted its stake in shares of Coursera by 7.3% in the 3rd quarter. Geode Capital Management LLC now owns 2,922,953 shares of the company’s stock worth $23,214,000 after acquiring an additional 199,050 shares during the period. Barclays PLC lifted its stake in shares of Coursera by 24.4% in the 3rd quarter. Barclays PLC now owns 962,122 shares of the company’s stock worth $7,640,000 after acquiring an additional 188,911 shares during the period. XTX Topco Ltd lifted its stake in shares of Coursera by 19.0% in the 3rd quarter. XTX Topco Ltd now owns 99,474 shares of the company’s stock worth $790,000 after acquiring an additional 15,891 shares during the period. Zacks Investment Management lifted its stake in shares of Coursera by 9.6% in the 3rd quarter. Zacks Investment Management now owns 83,448 shares of the company’s stock worth $663,000 after acquiring an additional 7,334 shares during the period. Finally, State Street Corp lifted its stake in shares of Coursera by 2.2% in the 3rd 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. Institutional investors and hedge funds 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.