Coursera’s (COUR) “Underperform” Rating Reiterated at Bank of America

Bank of America reissued their underperform rating on shares of Coursera (NYSE:COUR) in a research note published on Thursday, MarketBeat Ratings reports. Bank of America currently has a $7.00 price objective on the stock.

COUR has been the topic of several other reports. Scotiabank started coverage on Coursera in a report on Thursday, December 5th. They set a “sector perform” rating and a $9.00 target price on the stock. 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. UBS Group upped their target price on Coursera from $7.50 to $8.50 and gave the company a “neutral” rating in a report on Friday, January 31st. Cantor Fitzgerald restated an “overweight” rating and set a $10.00 price target on shares of Coursera in a report on Thursday, December 5th. Finally, Needham & Company LLC restated a “buy” rating and issued a $11.00 price target on shares of Coursera in a research report on Monday, January 27th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $9.83.

Coursera Stock Performance

Shares of NYSE COUR opened at $6.80 on Thursday. The firm has a 50 day moving average price of $7.86 and a two-hundred day moving average price of $7.87. The stock has a market cap of $1.09 billion, a P/E ratio of -13.07 and a beta of 1.40. Coursera has a 52-week low of $6.29 and a 52-week high of $14.14.

Insiders Place Their Bets

In other Coursera news, SVP Alan B. Cardenas sold 5,613 shares of the firm’s stock in a transaction 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 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 15.90% of the company’s stock.

Institutional Investors Weigh In On Coursera

Institutional investors and hedge funds have recently made changes to their positions in the business. State of Wyoming increased its holdings in Coursera by 959.1% during the 4th quarter. State of Wyoming now owns 3,887 shares of the company’s stock worth $33,000 after purchasing an additional 3,520 shares in the last quarter. SBI Securities Co. Ltd. bought a new stake in Coursera during the fourth quarter worth $35,000. FMR LLC raised its position in Coursera by 67.6% in the 3rd quarter. FMR LLC now owns 6,574 shares of the company’s stock valued at $52,000 after buying an additional 2,651 shares during the last quarter. KBC Group NV lifted its stake in Coursera by 90.7% during the 4th quarter. KBC Group NV now owns 9,203 shares of the company’s stock valued at $78,000 after acquiring an additional 4,376 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC purchased a new position in Coursera during the 4th quarter worth $86,000. 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.