Bank of America Reaffirms “Underperform” Rating for Coursera (NYSE:COUR)

Coursera (NYSE:COUR)‘s stock had its “underperform” rating restated by stock analysts at Bank of America in a report released on Thursday, MarketBeat.com reports. They presently have a $7.00 target price on the stock. Bank of America‘s price target would indicate a potential upside of 3.02% from the stock’s previous close.

Other equities analysts also recently issued research reports about the company. Needham & Company LLC reiterated a “buy” rating and issued a $11.00 price objective on shares of Coursera in a research report on Monday, January 27th. Royal Bank of Canada reiterated an “outperform” rating and issued a $10.00 price objective on shares of Coursera in a report on Friday, January 31st. Telsey Advisory Group reissued an “outperform” rating and set a $15.00 price target on shares of Coursera in a research report on Tuesday, January 28th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $10.00 price objective on shares of Coursera in a research report on Thursday, December 5th. Finally, Scotiabank started coverage on Coursera in a report on Thursday, December 5th. They issued a “sector perform” rating and a $9.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $9.83.

Coursera Stock Down 1.9 %

Shares of COUR stock opened at $6.80 on Thursday. Coursera has a 12 month low of $6.29 and a 12 month high of $14.14. The firm has a market cap of $1.09 billion, a PE ratio of -13.07 and a beta of 1.40. The stock has a 50 day moving average of $7.86 and a 200-day moving average of $7.87.

Insider Buying and Selling at Coursera

In other news, SVP Alan B. Cardenas sold 5,613 shares of the company’s stock in a transaction dated 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 in the company, valued at approximately $1,490,211.38. This represents a 3.02 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 15.90% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Geode Capital Management LLC lifted its holdings in shares of Coursera by 7.3% during the third quarter. Geode Capital Management LLC now owns 2,922,953 shares of the company’s stock worth $23,214,000 after purchasing an additional 199,050 shares during the period. Franklin Resources Inc. acquired a new stake in Coursera during the 3rd quarter valued at approximately $1,651,000. SBI Securities Co. Ltd. purchased a new stake in shares of Coursera in the 4th quarter valued at $35,000. Barclays PLC increased its stake in shares of Coursera by 24.4% in the third quarter. Barclays PLC now owns 962,122 shares of the company’s stock worth $7,640,000 after acquiring an additional 188,911 shares during the period. Finally, Bank of New York Mellon Corp raised its holdings in shares of Coursera by 9.5% during the fourth quarter. Bank of New York Mellon Corp now owns 436,861 shares of the company’s stock worth $3,713,000 after purchasing an additional 38,004 shares during the last quarter. 89.55% of the stock is owned by institutional investors and hedge funds.

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.