Coursera (NYSE:COUR) Given “Underperform” Rating at Bank of America

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

Several other brokerages also recently issued reports on COUR. Scotiabank started coverage on shares of Coursera in a report on Thursday, December 5th. They set a “sector perform” rating and a $9.00 price target for the company. Royal Bank of Canada reiterated an “outperform” rating and issued a $10.00 target price on shares of Coursera in a research note on Friday, January 31st. Cantor Fitzgerald reissued an “overweight” rating and issued a $10.00 target price on shares of Coursera in a report on Thursday, December 5th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $15.00 price target on shares of Coursera in a report on Tuesday, January 28th. Finally, UBS Group boosted their price objective on Coursera from $7.50 to $8.50 and gave the stock a “neutral” rating in a research note 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. According to data from MarketBeat, Coursera has a consensus rating of “Hold” and an average target price of $9.83.

Coursera Price Performance

Coursera stock opened at $7.26 on Thursday. Coursera has a 52-week low of $6.29 and a 52-week high of $14.32. The stock has a fifty day moving average price of $7.93 and a two-hundred day moving average price of $7.88. The firm has a market capitalization of $1.16 billion, a P/E ratio of -13.96 and a beta of 1.40.

Insider Buying and Selling

In other Coursera news, SVP Alan B. Cardenas sold 5,613 shares of the firm’s stock in a transaction that occurred 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 transaction, the senior vice president now directly owns 180,413 shares of the company’s stock, valued at approximately $1,490,211.38. This trade represents a 3.02 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 15.90% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Geode Capital Management LLC grew its stake in shares of 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 purchasing an additional 199,050 shares during the period. Franklin Resources Inc. acquired a new position in shares of Coursera during the 3rd quarter worth about $1,651,000. SBI Securities Co. Ltd. bought a new stake in shares of Coursera in the 4th quarter valued at about $35,000. Barclays PLC increased its stake in shares of Coursera by 24.4% in the 3rd quarter. Barclays PLC now owns 962,122 shares of the company’s stock valued at $7,640,000 after acquiring an additional 188,911 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its position in shares of Coursera by 9.5% in the 4th quarter. Bank of New York Mellon Corp now owns 436,861 shares of the company’s stock valued at $3,713,000 after acquiring an additional 38,004 shares during the period. Institutional investors and hedge funds 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.