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

Coursera (NYSE:COUR - Get Free Report)'s stock had its "underperform" rating reiterated by Bank of America in a report released on Thursday, Marketbeat reports. They presently have a $7.00 target price on the stock. Bank of America's target price would suggest a potential upside of 4.56% from the stock's current price.

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

Remove Ads

Coursera Trading Down 1.5 %

Shares of NYSE:COUR traded down $0.11 on Thursday, reaching $6.70. The company had a trading volume of 251,997 shares, compared to its average volume of 2,326,264. The firm has a market capitalization of $1.07 billion, a PE ratio of -12.82 and a beta of 1.40. Coursera has a 52-week low of $6.29 and a 52-week high of $14.14. The firm's 50 day simple moving average is $7.86 and its 200-day simple moving average is $7.87.

Insider Buying and Selling at Coursera

In other Coursera news, SVP Alan B. Cardenas sold 5,613 shares of Coursera stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $8.26, for a total transaction of $46,363.38. Following the completion of the transaction, the senior vice president now owns 180,413 shares in the company, valued at approximately $1,490,211.38. This trade represents a 3.02 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 16.30% of the company's stock.

Institutional Trading of Coursera

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its position in Coursera by 3.8% in the 4th quarter. Vanguard Group Inc. now owns 12,147,159 shares of the company's stock worth $103,251,000 after purchasing an additional 440,948 shares in the last quarter. State Street Corp boosted its holdings in Coursera by 2.2% during the third quarter. State Street Corp now owns 2,947,168 shares of the company's stock worth $23,401,000 after buying an additional 63,549 shares in the last quarter. Geode Capital Management LLC boosted its holdings in 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 buying an additional 199,050 shares in the last quarter. Invenomic Capital Management LP grew its position in Coursera by 6.9% during the third quarter. Invenomic Capital Management LP now owns 2,690,363 shares of the company's stock valued at $21,361,000 after buying an additional 172,585 shares during the period. Finally, Norges Bank purchased a new position in Coursera in the fourth quarter valued at $17,010,000. 89.55% of the stock is owned by institutional investors and hedge funds.

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.