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

Coursera (NYSE:COUR)‘s stock had its “underperform” rating reaffirmed by investment analysts at Bank of America in a research note issued to investors on Thursday,Benzinga reports. They currently have a $7.00 price objective on the stock. Bank of America‘s target price suggests a potential downside of 3.58% from the stock’s previous close.

Other equities research analysts also recently issued reports about the company. Scotiabank initiated coverage on Coursera in a research note on Thursday, December 5th. They set a “sector perform” rating and a $9.00 price target for the company. UBS Group raised their price objective on shares of Coursera from $7.50 to $8.50 and gave the company a “neutral” rating in a research report on Friday, January 31st. Telsey Advisory Group reissued an “outperform” rating and issued a $15.00 target price on shares of Coursera in a research report on Tuesday, January 28th. Royal Bank of Canada restated an “outperform” rating and set a $10.00 price target on shares of Coursera in a report on Friday, January 31st. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $11.00 price objective on shares of Coursera in a report on Monday, January 27th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, Coursera has an average rating of “Hold” and an average price target of $9.83.

Coursera Trading Down 0.4 %

Shares of NYSE:COUR opened at $7.26 on Thursday. The firm has a market cap of $1.16 billion, a price-to-earnings ratio of -13.96 and a beta of 1.40. Coursera has a 1 year low of $6.29 and a 1 year high of $14.32. The business has a fifty day simple moving average of $7.93 and a 200 day simple moving average of $7.88.

Insider Transactions at Coursera

In other Coursera news, SVP Alan B. Cardenas sold 5,613 shares of the 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 completion of the sale, the senior vice president now directly owns 180,413 shares of the company’s stock, valued at $1,490,211.38. This represents a 3.02 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 15.90% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

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