Coursera (NYSE:COUR) Research Coverage Started at JPMorgan Chase & Co.

JPMorgan Chase & Co. started coverage on shares of Coursera (NYSE:COUR) in a research note issued to investors on Monday morning, MarketBeat.com reports. The firm issued a neutral rating and a $8.00 price target on the stock.

COUR has been the topic of several other reports. Needham & Company LLC decreased their target price on shares of Coursera from $15.00 to $11.00 and set a “buy” rating on the stock in a research report on Friday, October 25th. KeyCorp dropped their price objective on Coursera from $12.00 to $11.00 and set an “overweight” rating for the company in a research note on Friday, October 25th. Telsey Advisory Group reiterated an “outperform” rating and set a $18.00 target price on shares of Coursera in a research report on Monday, October 21st. Morgan Stanley dropped their price target on Coursera from $15.00 to $10.00 and set an “overweight” rating for the company in a research report on Friday, October 25th. Finally, BMO Capital Markets lowered their price target on shares of Coursera from $10.00 to $9.00 and set an “outperform” rating on the stock in a research 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.com, Coursera has an average rating of “Moderate Buy” and a consensus target price of $10.66.

Coursera Trading Up 5.5 %

Shares of COUR opened at $8.20 on Monday. The stock’s 50 day moving average is $7.46 and its two-hundred day moving average is $7.62. Coursera has a twelve month low of $6.29 and a twelve month high of $21.26. The firm has a market capitalization of $1.30 billion, a PE ratio of -16.08 and a beta of 1.44.

Insider Buying and Selling

In related news, SVP Alan B. Cardenas sold 6,102 shares of the business’s stock in a transaction dated 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 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 Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Andrew Y. Ng sold 6,221 shares of Coursera stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $8.03, for a total value of $49,954.63. Following the completion of the transaction, the director now 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 disclosure for this sale can be found here. Over the last quarter, insiders sold 13,885 shares of company stock worth $102,815. Insiders own 15.90% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. The Manufacturers Life Insurance Company increased its position in Coursera by 1.8% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 70,457 shares of the company’s stock valued at $504,000 after acquiring an additional 1,276 shares during the period. nVerses Capital LLC grew its position in Coursera by 26.1% in the 2nd quarter. nVerses Capital LLC now owns 8,700 shares of the company’s stock valued at $62,000 after buying an additional 1,800 shares in the last quarter. Pitcairn Co. increased its stake in Coursera by 16.9% during the 3rd quarter. Pitcairn Co. now owns 13,655 shares of the company’s stock valued at $108,000 after buying an additional 1,971 shares during the period. FMR LLC lifted its stake in shares of Coursera by 67.6% in the 3rd quarter. FMR LLC now owns 6,574 shares of the company’s stock worth $52,000 after acquiring an additional 2,651 shares during the period. Finally, Harbor Capital Advisors Inc. raised its holdings in Coursera by 11.2% during the third quarter. Harbor Capital Advisors Inc. now owns 26,424 shares of the company’s stock worth $210,000 after purchasing an additional 2,658 shares in the last quarter. 89.55% of the stock is owned by institutional investors and hedge funds.

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.