Coursera (NYSE:COUR) Given New $7.00 Price Target at JPMorgan Chase & Co.

Coursera (NYSE:COUR) had its price target cut by research analysts at JPMorgan Chase & Co. from $8.00 to $7.00 in a report released on Tuesday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price target indicates a potential upside of 11.02% from the company’s current price.

COUR has been the topic of several other research reports. Royal Bank of Canada reiterated an “outperform” rating and issued a $10.00 price target on shares of Coursera in a report on Friday, January 31st. Needham & Company LLC restated a “buy” rating and set a $11.00 price target on shares of Coursera in a research note on Monday, January 27th. Telsey Advisory Group restated an “outperform” rating and set a $15.00 price objective on shares of Coursera in a report on Tuesday, January 28th. UBS Group lifted their price objective on shares of Coursera from $7.50 to $8.50 and gave the company a “neutral” rating in a report on Friday, January 31st. Finally, Bank of America reissued an “underperform” rating and set a $7.00 target price on shares of Coursera in a research report on Thursday, March 27th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Coursera has an average rating of “Hold” and a consensus target price of $9.75.

Coursera Price Performance

Shares of NYSE:COUR traded up $0.11 during mid-day trading on Tuesday, hitting $6.31. The company had a trading volume of 856,820 shares, compared to its average volume of 2,332,806. Coursera has a one year low of $5.76 and a one year high of $13.90. The firm has a fifty day moving average price of $7.60 and a 200 day moving average price of $7.81. The company has a market capitalization of $1.01 billion, a PE ratio of -12.14 and a beta of 1.42.

Insider Transactions at Coursera

In related news, SVP Alan B. Cardenas sold 5,613 shares of the company’s stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $8.26, for a total transaction of $46,363.38. Following the sale, the senior vice president now directly owns 180,413 shares in the company, valued at approximately $1,490,211.38. This represents a 3.02 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 16.30% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Coursera

A number of hedge funds and other institutional investors have recently bought and sold shares of COUR. Wealth Enhancement Advisory Services LLC purchased a new position in shares of Coursera in the fourth quarter valued at $86,000. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in Coursera during the 4th quarter valued at about $4,857,000. Mackenzie Financial Corp bought a new stake in shares of Coursera during the fourth quarter valued at about $1,066,000. Cache Advisors LLC purchased a new stake in shares of Coursera in the fourth quarter worth about $151,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Coursera by 0.9% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,662,492 shares of the company’s stock valued at $14,131,000 after acquiring an additional 14,873 shares during the period. Institutional investors 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.