Coursera (NYSE:COUR) Earns “Underperform” Rating from Bank of America

Bank of America restated their underperform rating on shares of Coursera (NYSE:COUR) in a research report sent to investors on Thursday morning, Marketbeat reports. The brokerage currently has a $7.00 price objective on the stock.

Other equities research analysts have also issued reports about the company. Cantor Fitzgerald restated an “overweight” rating and issued a $10.00 price target on shares of Coursera in a research report on Thursday, December 5th. Telsey Advisory Group restated an “outperform” rating and issued a $15.00 target price on shares of Coursera in a report on Tuesday, January 28th. Needham & Company LLC reissued a “buy” rating and set a $11.00 price target on shares of Coursera in a research report on Monday, January 27th. Scotiabank started coverage on shares of Coursera in a report on Thursday, December 5th. They issued a “sector perform” rating and a $9.00 price objective for the company. Finally, UBS Group boosted their target price on shares of Coursera from $7.50 to $8.50 and gave the company a “neutral” rating in a report on Friday, January 31st. Two research 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. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $9.83.

Coursera Trading Down 4.9 %

COUR opened at $6.92 on Thursday. The firm has a market capitalization of $1.11 billion, a PE ratio of -13.30 and a beta of 1.40. Coursera has a twelve month low of $6.29 and a twelve month high of $14.29. The firm’s 50-day moving average price is $7.90 and its 200 day moving average price is $7.88.

Insider Buying and Selling

In other Coursera news, SVP Alan B. Cardenas sold 5,613 shares of the company’s stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $8.26, for a total transaction of $46,363.38. Following the transaction, the senior vice president now directly owns 180,413 shares in the company, valued at $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 Securities & Exchange Commission, which is available at the SEC website. 15.90% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Coursera

Several institutional investors and hedge funds have recently modified their holdings of COUR. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Coursera by 1.8% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 101,948 shares of the company’s stock valued at $867,000 after acquiring an additional 1,785 shares in the last quarter. Pitcairn Co. grew its holdings in shares of Coursera by 16.9% in the third quarter. Pitcairn Co. now owns 13,655 shares of the company’s stock valued at $108,000 after purchasing an additional 1,971 shares in the last quarter. Waterfront Wealth Inc. increased its stake in Coursera by 1.7% during the 4th quarter. Waterfront Wealth Inc. now owns 156,411 shares of the company’s stock worth $1,329,000 after buying an additional 2,543 shares during the period. New York State Common Retirement Fund increased its stake in Coursera by 6.4% during the 4th quarter. New York State Common Retirement Fund now owns 42,368 shares of the company’s stock worth $360,000 after buying an additional 2,552 shares during the period. Finally, FMR LLC boosted 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 period. Hedge funds and other 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.