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

Research analysts at JPMorgan Chase & Co. began coverage on shares of Coursera (NYSE:COUR - Get Free Report) in a report issued on Monday, MarketBeat.com reports. The firm set a "neutral" rating and a $8.00 price target on the stock. JPMorgan Chase & Co.'s price objective indicates a potential upside of 2.56% from the stock's current price.

Other analysts have also recently issued reports about the company. KeyCorp cut their price target on Coursera from $12.00 to $11.00 and set an "overweight" rating on the stock in a research note on Friday, October 25th. Telsey Advisory Group restated an "outperform" rating and set a $18.00 target price on shares of Coursera in a research note on Monday, October 21st. The Goldman Sachs Group dropped their price target on shares of Coursera from $9.00 to $7.25 and set a "sell" rating on the stock in a research note on Friday, October 25th. Needham & Company LLC lowered their target price 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. Finally, Morgan Stanley cut their price target on shares of Coursera from $15.00 to $10.00 and set an "overweight" rating on the stock in a research note on Friday, October 25th. One equities research 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, the stock currently has an average rating of "Moderate Buy" and an average target price of $10.66.

Coursera Price Performance

Shares of Coursera stock traded up $0.69 on Monday, reaching $7.80. 10,958,842 shares of the company were exchanged, compared to its average volume of 2,285,731. The stock's 50 day moving average price is $7.47 and its 200-day moving average price is $7.64. The company has a market cap of $1.24 billion, a P/E ratio of -15.22 and a beta of 1.44. Coursera has a 1-year low of $6.29 and a 1-year high of $21.26.

Insider Transactions at Coursera

In other news, SVP Alan B. Cardenas sold 6,102 shares of the business's stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $6.83, for a total transaction of $41,676.66. Following the sale, the senior vice president now owns 194,082 shares of the company's stock, valued at $1,325,580.06. The trade was a 3.05 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Andrew Y. Ng sold 6,221 shares of the firm's 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 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 disclosure for this sale can be found here. Insiders have sold a total of 13,885 shares of company stock worth $102,815 over the last ninety days. 15.90% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Assenagon Asset Management S.A. purchased a new stake in shares of Coursera in the second quarter valued at $9,525,000. Millennium Management LLC raised its stake in Coursera by 67.0% in the 2nd quarter. Millennium Management LLC now owns 2,800,912 shares of the company's stock valued at $20,055,000 after purchasing an additional 1,123,397 shares during the last quarter. M&G Plc purchased a new position in Coursera in the 2nd quarter valued at about $5,048,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Coursera by 61.6% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,647,619 shares of the company's stock worth $13,082,000 after buying an additional 628,140 shares in the last quarter. Finally, Senvest Management LLC grew its holdings in shares of Coursera by 994.7% during the third quarter. Senvest Management LLC now owns 642,806 shares of the company's stock worth $5,104,000 after buying an additional 584,085 shares in the last quarter. 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.