Coursera (NYSE:COUR) Upgraded to Overweight at JPMorgan Chase & Co.

Coursera (NYSE:COUR) was upgraded by equities researchers at JPMorgan Chase & Co. from a “neutral” rating to an “overweight” rating in a research report issued on Wednesday. The firm currently has a $12.00 price objective on the stock. JPMorgan Chase & Co.‘s target price indicates a potential upside of 48.70% from the company’s current price.

A number of other research analysts have also recently commented on COUR. Telsey Advisory Group reissued an “outperform” rating and issued a $14.00 target price on shares of Coursera in a report on Friday, October 3rd. Needham & Company LLC restated a “buy” rating and set a $14.00 price objective on shares of Coursera in a research report on Wednesday, November 26th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Coursera in a report on Wednesday, October 8th. UBS Group boosted their price target on Coursera from $10.00 to $11.00 and gave the stock a “neutral” rating in a report on Friday, October 24th. Finally, Cantor Fitzgerald restated an “overweight” rating on shares of Coursera in a research report on Wednesday, November 26th. Seven analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $12.64.

Coursera Price Performance

Coursera stock traded up $0.13 during mid-day trading on Wednesday, hitting $8.07. 7,478,008 shares of the company’s stock traded hands, compared to its average volume of 2,404,065. The firm has a 50 day simple moving average of $8.75 and a two-hundred day simple moving average of $9.76. Coursera has a fifty-two week low of $5.76 and a fifty-two week high of $13.56. The stock has a market cap of $1.34 billion, a price-to-earnings ratio of -28.11 and a beta of 1.37.

Coursera (NYSE:COUR) last issued its quarterly earnings data on Thursday, October 23rd. The company reported $0.10 EPS for the quarter, beating analysts’ consensus estimates of $0.09 by $0.01. Coursera had a negative return on equity of 4.75% and a negative net margin of 6.19%.The firm had revenue of $194.20 million for the quarter, compared to analyst estimates of $190.33 million. During the same period in the prior year, the firm posted $0.10 EPS. The company’s revenue for the quarter was up 10.3% on a year-over-year basis. On average, research analysts anticipate that Coursera will post -0.28 earnings per share for the current fiscal year.

Insider Buying and Selling at Coursera

In other news, CAO Michele M. Meyers sold 3,500 shares of Coursera stock in a transaction on Thursday, October 16th. The stock was sold at an average price of $10.27, for a total value of $35,945.00. Following the completion of the transaction, the chief accounting officer directly owned 234,295 shares in the company, valued at approximately $2,406,209.65. The trade was a 1.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 16.80% of the stock is owned by insiders.

Institutional Trading of Coursera

A number of large investors have recently modified their holdings of COUR. Quarry LP lifted its stake in Coursera by 1,848.6% in the first quarter. Quarry LP now owns 4,131 shares of the company’s stock worth $28,000 after acquiring an additional 3,919 shares during the period. Nisa Investment Advisors LLC lifted its position in Coursera by 102.9% during the second quarter. Nisa Investment Advisors LLC now owns 3,652 shares of the company’s stock valued at $32,000 after buying an additional 1,852 shares during the period. State of Wyoming boosted its stake in Coursera by 85.9% during the first quarter. State of Wyoming now owns 7,227 shares of the company’s stock worth $48,000 after acquiring an additional 3,340 shares in the last quarter. Daiwa Securities Group Inc. grew its stake in shares of Coursera by 163.7% in the 2nd quarter. Daiwa Securities Group Inc. now owns 7,330 shares of the company’s stock worth $64,000 after buying an additional 4,550 shares during the last quarter. Finally, Pale Fire Capital SE bought a new position in shares of Coursera during the first quarter valued at $67,000. Institutional investors own 89.55% of the company’s stock.

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.