Coursera (NYSE:COUR) Now Covered by Analysts at JPMorgan Chase & Co.

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

A number of other brokerages also recently issued reports on COUR. Needham & Company LLC cut their price target on shares of Coursera from $15.00 to $11.00 and set a “buy” rating for the company in a report on Friday, October 25th. Royal Bank of Canada dropped their target price on shares of Coursera from $18.00 to $10.00 and set an “outperform” rating for the company in a report on Friday, October 25th. Cantor Fitzgerald dropped their target price on shares of Coursera from $22.00 to $10.00 and set an “overweight” rating for the company in a report on Friday, October 25th. The Goldman Sachs Group dropped their target price on shares of Coursera from $9.00 to $7.25 and set a “sell” rating for the company in a report on Friday, October 25th. Finally, Bank of America assumed coverage on shares of Coursera in a report on Thursday, September 19th. They set a “buy” rating and a $11.00 target price for the company. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $10.66.

Coursera Stock Down 1.8 %

Shares of COUR opened at $7.76 on Monday. The company has a 50-day simple moving average of $7.47 and a 200-day simple moving average of $7.63. The company has a market capitalization of $1.23 billion, a PE ratio of -15.24 and a beta of 1.44. Coursera has a 52-week low of $6.29 and a 52-week high of $21.26.

Insider Buying and Selling

In other Coursera news, 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 transaction of $49,954.63. Following the transaction, the director now directly owns 7,297,671 shares of the company’s stock, valued at $58,600,298.13. The trade was a 0.09 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Alan B. Cardenas sold 6,102 shares of Coursera stock in a transaction that occurred 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 transaction, the senior vice president now directly owns 194,082 shares in the company, valued at approximately $1,325,580.06. This trade represents a 3.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 13,885 shares of company stock valued at $102,815. Insiders own 15.90% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. CWM LLC lifted its position in shares of Coursera by 7,568.6% during the second quarter. CWM LLC now owns 3,911 shares of the company’s stock worth $28,000 after purchasing an additional 3,860 shares in the last quarter. FMR LLC lifted its position in shares of Coursera by 67.6% during the third quarter. FMR LLC now owns 6,574 shares of the company’s stock worth $52,000 after purchasing an additional 2,651 shares in the last quarter. nVerses Capital LLC lifted its position in shares of Coursera by 26.1% during the second quarter. nVerses Capital LLC now owns 8,700 shares of the company’s stock worth $62,000 after purchasing an additional 1,800 shares in the last quarter. LGT Group Foundation acquired a new position in shares of Coursera during the second quarter worth $73,000. Finally, Quarry LP lifted its position in shares of Coursera by 936.6% during the second quarter. Quarry LP now owns 10,356 shares of the company’s stock worth $74,000 after purchasing an additional 9,357 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.