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

Coursera (NYSE:COUR)‘s stock had its “underperform” rating restated by equities researchers at Bank of America in a research note issued to investors on Thursday, Marketbeat.com reports. They currently have a $7.00 target price on the stock. Bank of America‘s price target suggests a potential upside of 3.02% from the stock’s previous close.

Several other analysts have also recently commented on COUR. UBS Group raised their target price on 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 reaffirmed an “outperform” rating and issued a $15.00 price objective on shares of Coursera in a report on Tuesday, January 28th. Cantor Fitzgerald reissued an “overweight” rating and set a $10.00 target price on shares of Coursera in a research note on Thursday, December 5th. Scotiabank began coverage on shares of Coursera in a research report on Thursday, December 5th. They set a “sector perform” rating and a $9.00 price target on the stock. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $10.00 price target on shares of Coursera in a report on Friday, January 31st. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, Coursera has a consensus rating of “Hold” and an average price target of $9.83.

Coursera Trading Down 1.9 %

NYSE COUR opened at $6.80 on Thursday. The company has a 50-day moving average price of $7.86 and a two-hundred day moving average price of $7.87. Coursera has a 52 week low of $6.29 and a 52 week high of $14.14. The stock has a market cap of $1.09 billion, a price-to-earnings ratio of -13.07 and a beta of 1.40.

Insider Transactions at Coursera

In other 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 sale, the senior vice president now directly owns 180,413 shares in the company, valued at $1,490,211.38. The trade was a 3.02 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 15.90% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Coursera

Hedge funds have recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC bought a new stake in Coursera in the fourth quarter worth approximately $86,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of Coursera during the 4th quarter valued at $4,857,000. Mackenzie Financial Corp acquired a new stake in shares of Coursera in the 4th quarter valued at $1,066,000. Cache Advisors LLC bought a new stake in Coursera in the fourth quarter worth $151,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in 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 worth $14,131,000 after buying an additional 14,873 shares during the last quarter. Institutional investors and hedge funds own 89.55% of the company’s stock.

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.