Coursera (NYSE:COUR) Coverage Initiated 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.

Other analysts have also recently issued research reports about the company. BMO Capital Markets reduced their price target on Coursera from $10.00 to $9.00 and set an “outperform” rating for the company in a research report on Friday, October 25th. Bank of America assumed coverage on Coursera in a research report on Thursday, September 19th. They issued a “buy” rating and a $11.00 price target on the stock. Morgan Stanley cut their price objective on Coursera from $15.00 to $10.00 and set an “overweight” rating for the company in a research report 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 note on Monday, October 21st. Finally, Needham & Company LLC dropped their price objective on shares of Coursera from $15.00 to $11.00 and set a “buy” rating on the stock in a 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 company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $10.66.

Coursera Price Performance

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

Insider Transactions at Coursera

In related news, Director Andrew Y. Ng sold 6,221 shares of the stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $8.03, for a total transaction of $49,954.63. Following the completion of the transaction, the director now directly owns 7,297,671 shares in the company, valued at approximately $58,600,298.13. This trade represents a 0.09 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Alan B. Cardenas sold 6,102 shares of the business’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $6.83, for a total value 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. The trade was a 3.05 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 13,885 shares of company stock valued at $102,815 over the last 90 days. 15.90% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Vanguard Group Inc. increased its holdings in Coursera by 2.3% during the first quarter. Vanguard Group Inc. now owns 11,405,792 shares of the company’s stock worth $159,909,000 after buying an additional 254,108 shares during the last quarter. State Street Corp raised its holdings 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 valued at $23,401,000 after purchasing an additional 63,549 shares during the period. Geode Capital Management LLC increased its position in Coursera by 7.3% during the third quarter. Geode Capital Management LLC now owns 2,922,953 shares of the company’s stock worth $23,214,000 after buying an additional 199,050 shares during the last quarter. Millennium Management LLC lifted its position in shares of Coursera by 67.0% in the second quarter. Millennium Management LLC now owns 2,800,912 shares of the company’s stock valued at $20,055,000 after buying an additional 1,123,397 shares during the last quarter. Finally, Invenomic Capital Management LP boosted its stake in shares of Coursera by 6.9% during the 3rd quarter. Invenomic Capital Management LP now owns 2,690,363 shares of the company’s stock worth $21,361,000 after acquiring an additional 172,585 shares during the period. 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.