Coursera, Inc. (NYSE:COUR) Stock Position Decreased by Bank of America Corp DE

Bank of America Corp DE reduced its holdings in shares of Coursera, Inc. (NYSE:COUR - Free Report) by 48.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 460,673 shares of the company's stock after selling 440,908 shares during the quarter. Bank of America Corp DE owned 0.29% of Coursera worth $3,916,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of COUR. Jump Financial LLC boosted its stake in shares of Coursera by 582.9% in the fourth quarter. Jump Financial LLC now owns 213,753 shares of the company's stock valued at $1,817,000 after purchasing an additional 182,453 shares during the period. Penn Capital Management Company LLC acquired a new stake in Coursera in the fourth quarter valued at $635,000. Franklin Resources Inc. raised its holdings in Coursera by 19.6% in the fourth quarter. Franklin Resources Inc. now owns 260,866 shares of the company's stock valued at $2,217,000 after acquiring an additional 42,765 shares in the last quarter. Sei Investments Co. raised its holdings in Coursera by 340.9% in the fourth quarter. Sei Investments Co. now owns 273,147 shares of the company's stock valued at $2,322,000 after acquiring an additional 211,191 shares in the last quarter. Finally, SBI Securities Co. Ltd. acquired a new stake in Coursera in the fourth quarter valued at $35,000. 89.55% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

COUR has been the topic of several recent analyst reports. Needham & Company LLC reaffirmed a "buy" rating and issued a $11.00 price target on shares of Coursera in a report on Friday, April 25th. Morgan Stanley increased their target price on shares of Coursera from $9.00 to $10.00 and gave the stock an "overweight" rating in a report on Friday, April 25th. Bank of America reissued an "underperform" rating and set a $7.00 target price on shares of Coursera in a report on Thursday, March 27th. JPMorgan Chase & Co. dropped their target price on shares of Coursera from $8.00 to $7.00 and set a "neutral" rating on the stock in a report on Tuesday, April 8th. Finally, Royal Bank of Canada reissued an "outperform" rating and set a $10.00 target price on shares of Coursera in a report on Friday, January 31st. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $9.31.

Coursera Stock Performance

Shares of Coursera stock traded down $0.14 during trading on Friday, hitting $8.85. 1,533,669 shares of the stock were exchanged, compared to its average volume of 2,277,473. The stock's fifty day moving average is $7.82 and its 200 day moving average is $7.97. The stock has a market cap of $1.43 billion, a PE ratio of -17.02 and a beta of 1.38. Coursera, Inc. has a 12 month low of $5.76 and a 12 month high of $11.74.

Coursera (NYSE:COUR - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The company reported $0.12 EPS for the quarter, topping the consensus estimate of $0.08 by $0.04. The business had revenue of $179.30 million during the quarter, compared to analyst estimates of $175.60 million. Coursera had a negative net margin of 11.45% and a negative return on equity of 9.42%. The company's quarterly revenue was up 6.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.07 earnings per share. Sell-side analysts anticipate that Coursera, Inc. will post -0.28 EPS for the current fiscal year.

Insider Activity at Coursera

In related news, Director Amanda Clark sold 9,334 shares of Coursera stock in a transaction dated Thursday, May 22nd. The stock was sold at an average price of $8.48, for a total transaction of $79,152.32. Following the transaction, the director now directly owns 85,573 shares of the company's stock, valued at $725,659.04. The trade was a 9.83% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Sabrina Simmons sold 9,335 shares of the business's stock in a transaction dated Thursday, May 22nd. The stock was sold at an average price of $8.48, for a total transaction of $79,160.80. Following the completion of the sale, the director now owns 50,215 shares in the company, valued at approximately $425,823.20. This trade represents a 15.68% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 24,770 shares of company stock worth $211,087 in the last 90 days. Corporate insiders own 16.80% 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.