JPMorgan Chase & Co. Increases Coursera (NYSE:COUR) Price Target to $9.00

Coursera (NYSE:COUR) had its price objective lifted by equities researchers at JPMorgan Chase & Co. from $8.00 to $9.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price target points to a potential upside of 4.23% from the company’s current price.

COUR has been the subject of a number of other research reports. Bank of America reaffirmed an “underperform” rating and issued a $7.00 price objective on shares of Coursera in a report on Thursday, March 27th. Telsey Advisory Group restated an “outperform” rating and set a $12.00 target price on shares of Coursera in a report on Tuesday, April 22nd. Needham & Company LLC restated a “buy” rating and issued a $11.00 price objective on shares of Coursera in a report on Friday, April 25th. Finally, Morgan Stanley restated an “equal weight” rating and issued a $11.00 price objective (up from $10.00) on shares of Coursera in a report on Thursday, June 5th. Two analysts have rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $9.56.

Coursera Trading Up 0.1%

NYSE COUR opened at $8.64 on Wednesday. Coursera has a 12-month low of $5.76 and a 12-month high of $11.74. The firm’s fifty day simple moving average is $8.65 and its two-hundred day simple moving average is $8.10. The firm has a market capitalization of $1.39 billion, a P/E ratio of -20.08 and a beta of 1.36.

Coursera (NYSE:COUR) last posted its quarterly earnings data on Thursday, April 24th. The company reported $0.12 EPS for the quarter, topping the consensus estimate of $0.08 by $0.04. The business had revenue of $179.30 million during the quarter, compared to the consensus estimate of $175.60 million. Coursera had a negative net margin of 9.37% and a negative return on equity of 7.22%. The business’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.07 earnings per share. As a group, sell-side analysts predict that Coursera will post -0.28 earnings per share for the current fiscal year.

Insider Activity

In related news, SVP Alan B. Cardenas sold 6,101 shares of the stock in a transaction on Tuesday, May 20th. The shares were sold at an average price of $8.65, for a total value of $52,773.65. Following the transaction, the senior vice president directly owned 293,368 shares of the company’s stock, valued at $2,537,633.20. This trade represents a 2.04% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Amanda Clark sold 9,334 shares of the firm’s stock in a transaction on Thursday, May 22nd. The stock was sold at an average price of $8.48, for a total transaction of $79,152.32. Following the transaction, the director directly owned 85,573 shares in the company, valued at $725,659.04. The trade was a 9.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 24,770 shares of company stock worth $211,087. 16.80% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of COUR. Quarry LP boosted its holdings in shares of Coursera by 1,848.6% in the first quarter. Quarry LP now owns 4,131 shares of the company’s stock valued at $28,000 after acquiring an additional 3,919 shares in the last quarter. State of Wyoming raised its position in Coursera by 959.1% during the fourth quarter. State of Wyoming now owns 3,887 shares of the company’s stock worth $33,000 after acquiring an additional 3,520 shares during the last quarter. Pale Fire Capital SE acquired a new position in shares of Coursera in the first quarter valued at approximately $67,000. Xponance Inc. acquired a new position in shares of Coursera in the first quarter valued at approximately $69,000. Finally, Pallas Capital Advisors LLC acquired a new position in shares of Coursera in the first quarter valued at approximately $71,000. 89.55% of the stock is 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.