JPMorgan Chase & Co. Cuts Coursera (NYSE:COUR) Price Target to $7.00

Coursera (NYSE:COUR - Free Report) had its price target reduced by JPMorgan Chase & Co. from $8.00 to $7.00 in a research note released on Tuesday morning,Benzinga reports. JPMorgan Chase & Co. currently has a neutral rating on the stock.

COUR has been the subject of several other reports. Bank of America restated an "underperform" rating and issued a $7.00 price target on shares of Coursera in a research report on Thursday, March 27th. UBS Group increased their target price on shares of Coursera from $7.50 to $8.50 and gave the stock a "neutral" rating in a research note on Friday, January 31st. Needham & Company LLC reaffirmed 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 reaffirmed an "outperform" rating and issued a $15.00 price objective on shares of Coursera in a research note on Tuesday, January 28th. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and set a $10.00 target price on shares of Coursera in a research report on Friday, January 31st. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $9.75.

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Coursera Price Performance

Shares of COUR stock traded up $0.19 on Tuesday, hitting $6.80. 1,305,772 shares of the company's stock were exchanged, compared to its average volume of 2,351,363. The company has a 50 day moving average of $7.37 and a 200 day moving average of $7.76. The stock has a market cap of $1.10 billion, a P/E ratio of -13.07 and a beta of 1.42. Coursera has a 12 month low of $5.76 and a 12 month high of $13.25.

Insiders Place Their Bets

In related news, SVP Alan B. Cardenas sold 5,613 shares of the firm'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 value of $46,363.38. Following the completion of the transaction, the senior vice president now directly owns 180,413 shares of the company's stock, valued at approximately $1,490,211.38. This trade represents a 3.02 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 16.30% of the company's stock.

Institutional Trading of Coursera

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. grew its stake in Coursera by 3.8% during the fourth quarter. Vanguard Group Inc. now owns 12,147,159 shares of the company's stock valued at $103,251,000 after acquiring an additional 440,948 shares in the last quarter. State Street Corp boosted its stake 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 in the last quarter. Geode Capital Management LLC boosted 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 valued at $23,214,000 after buying an additional 199,050 shares during the period. Norges Bank bought a new position in Coursera during the 4th quarter worth approximately $17,010,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings 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 worth $14,131,000 after purchasing an additional 14,873 shares during the last quarter. 89.55% of the stock is currently owned by institutional investors.

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.