Coursera (NYSE:COUR) Receives Underperform Rating from Bank of America

Bank of America reiterated their underperform rating on shares of Coursera (NYSE:COUR) in a report issued on Thursday, Marketbeat reports. The firm currently has a $7.00 price objective on the stock.

Several other research firms also recently weighed in on COUR. UBS Group boosted their price target on Coursera from $7.50 to $8.50 and gave the company a “neutral” rating in a research note on Friday, January 31st. Scotiabank started coverage on Coursera in a research report on Thursday, December 5th. They issued a “sector perform” rating and a $9.00 target price on the stock. Royal Bank of Canada reissued an “outperform” rating and set a $10.00 price target on shares of Coursera in a research report on Friday, January 31st. Needham & Company LLC reaffirmed a “buy” rating and issued a $11.00 price objective on shares of Coursera in a report on Monday, January 27th. Finally, Cantor Fitzgerald reissued an “overweight” rating and set a $10.00 target price on shares of Coursera in a report on Thursday, December 5th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $9.83.

Coursera Price Performance

Shares of COUR opened at $6.92 on Thursday. The company’s fifty day moving average price is $7.90 and its 200-day moving average price is $7.88. Coursera has a 1-year low of $6.29 and a 1-year high of $14.29. The firm has a market capitalization of $1.11 billion, a PE ratio of -13.30 and a beta of 1.40.

Insider Transactions at Coursera

In related news, SVP Alan B. Cardenas sold 5,613 shares of the company’s stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $8.26, for a total value of $46,363.38. Following the completion of the transaction, the senior vice president now owns 180,413 shares of the company’s stock, valued at approximately $1,490,211.38. This represents a 3.02 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 15.90% of the company’s stock.

Institutional Trading of Coursera

Institutional investors and hedge funds have recently made changes to their positions in the business. Wealth Enhancement Advisory Services LLC purchased a new stake in Coursera in the 4th quarter worth $86,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Coursera during the 4th quarter worth about $4,857,000. Mackenzie Financial Corp acquired a new position in shares of Coursera during the 4th quarter worth about $1,066,000. Cache Advisors LLC acquired a new stake in Coursera in the 4th quarter worth about $151,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Coursera by 0.9% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,662,492 shares of the company’s stock worth $14,131,000 after buying an additional 14,873 shares in the last quarter. 89.55% of the stock is currently 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.