Coursera (NYSE:COUR) Given New $9.00 Price Target at JPMorgan Chase & Co.

Coursera (NYSE:COUR - Get Free Report) had its price target lifted by JPMorgan Chase & Co. from $8.00 to $9.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage currently has a "neutral" rating on the stock. JPMorgan Chase & Co.'s price target points to a potential upside of 4.23% from the stock's current price.

A number of other research firms also recently commented on COUR. Needham & Company LLC reaffirmed a "buy" rating and set a $11.00 price objective on shares of Coursera in a research note on Friday, April 25th. Telsey Advisory Group reissued an "outperform" rating and set a $12.00 target price on shares of Coursera in a research report on Tuesday, April 22nd. Morgan Stanley reissued an "equal weight" rating and set a $11.00 target price (up previously from $10.00) on shares of Coursera in a research report on Thursday, June 5th. 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 investment analysts have rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $9.56.

Coursera Trading Up 0.1%

Shares of NYSE COUR traded up $0.01 on Wednesday, reaching $8.64. 1,551,463 shares of the company traded hands, compared to its average volume of 2,133,577. Coursera has a fifty-two week low of $5.76 and a fifty-two week high of $11.74. The company has a 50 day moving average of $8.65 and a 200 day moving average of $8.10. The stock has a market capitalization of $1.39 billion, a PE ratio of -20.08 and a beta of 1.36.

Coursera (NYSE:COUR - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The company reported $0.12 EPS for the quarter, beating analysts' consensus estimates of $0.08 by $0.04. Coursera had a negative net margin of 9.37% and a negative return on equity of 7.22%. The company had revenue of $179.30 million during the quarter, compared to the consensus estimate of $175.60 million. During the same quarter in the prior year, the company posted $0.07 EPS. The company's quarterly revenue was up 6.0% compared to the same quarter last year. As a group, research analysts expect that Coursera will post -0.28 earnings per share for the current year.

Insiders Place Their Bets

In other Coursera news, SVP Alan B. Cardenas sold 6,101 shares of the company's stock in a transaction that occurred on Tuesday, May 20th. The stock was sold at an average price of $8.65, for a total value of $52,773.65. Following the completion of the transaction, the senior vice president owned 293,368 shares in the company, valued at $2,537,633.20. This represents a 2.04% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Sabrina Simmons sold 9,335 shares of the stock in a transaction that occurred on Thursday, May 22nd. The shares were sold at an average price of $8.48, for a total value of $79,160.80. Following the transaction, the director owned 50,215 shares of the company's stock, valued at approximately $425,823.20. This trade represents a 15.68% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 24,770 shares of company stock worth $211,087 in the last 90 days. 16.80% of the stock is owned by company insiders.

Hedge Funds Weigh In On Coursera

Several institutional investors and hedge funds have recently made changes to their positions in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Coursera by 1.8% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 101,948 shares of the company's stock valued at $867,000 after buying an additional 1,785 shares during the last quarter. CWM LLC raised its position in shares of Coursera by 13.7% during the 1st quarter. CWM LLC now owns 23,794 shares of the company's stock valued at $158,000 after acquiring an additional 2,872 shares in the last quarter. Swiss National Bank raised its position in shares of Coursera by 1.2% during the 4th quarter. Swiss National Bank now owns 262,300 shares of the company's stock valued at $2,230,000 after acquiring an additional 3,100 shares in the last quarter. State of Wyoming raised its position in shares of Coursera by 85.9% during the 1st quarter. State of Wyoming now owns 7,227 shares of the company's stock valued at $48,000 after acquiring an additional 3,340 shares in the last quarter. Finally, Hsbc Holdings PLC raised its position in shares of Coursera by 1.3% during the 1st quarter. Hsbc Holdings PLC now owns 264,208 shares of the company's stock valued at $1,762,000 after acquiring an additional 3,399 shares in the last quarter. 89.55% of the stock is currently owned by hedge funds and other institutional investors.

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.