Coursera, Inc. (NYSE:COUR) Sees Large Increase in Short Interest

Coursera, Inc. (NYSE:COUR) was the recipient of a large growth in short interest in January. As of January 15th, there was short interest totalling 8,990,000 shares, a growth of 6.1% from the December 31st total of 8,470,000 shares. Based on an average daily volume of 2,510,000 shares, the days-to-cover ratio is presently 3.6 days. Currently, 6.8% of the shares of the stock are sold short.

Coursera Trading Up 1.6 %

Shares of NYSE COUR opened at $7.94 on Wednesday. The firm has a fifty day simple moving average of $8.47 and a two-hundred day simple moving average of $8.01. Coursera has a 12 month low of $6.29 and a 12 month high of $18.25. The firm has a market capitalization of $1.26 billion, a PE ratio of -15.26 and a beta of 1.42.

Insider Transactions at Coursera

In other Coursera news, SVP Alan B. Cardenas sold 6,102 shares of the business’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $6.83, for a total value of $41,676.66. Following the completion of the sale, the senior vice president now directly owns 194,082 shares of the company’s stock, valued at $1,325,580.06. The trade was a 3.05 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 15.90% of the company’s stock.

Hedge Funds Weigh In On Coursera

A number of institutional investors have recently bought and sold shares of the stock. FMR LLC boosted its position in Coursera by 67.6% during the 3rd quarter. FMR LLC now owns 6,574 shares of the company’s stock valued at $52,000 after acquiring an additional 2,651 shares in the last quarter. CWM LLC lifted its stake in shares of Coursera by 82.3% in the 3rd quarter. CWM LLC now owns 7,128 shares of the company’s stock valued at $57,000 after purchasing an additional 3,217 shares during the period. KBC Group NV boosted its position in shares of Coursera by 90.7% during the fourth quarter. KBC Group NV now owns 9,203 shares of the company’s stock valued at $78,000 after purchasing an additional 4,376 shares in the last quarter. Versor Investments LP purchased a new stake in Coursera in the third quarter worth $106,000. Finally, New York State Teachers Retirement System bought a new position in Coursera in the fourth quarter worth $107,000. 89.55% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on COUR shares. The Goldman Sachs Group lowered their target price on Coursera from $9.00 to $7.25 and set a “sell” rating for the company in a research note on Friday, October 25th. JPMorgan Chase & Co. assumed coverage on Coursera in a research report on Monday, November 25th. They issued a “neutral” rating and a $8.00 price objective for the company. Cantor Fitzgerald restated an “overweight” rating and issued a $10.00 target price on shares of Coursera in a report on Thursday, December 5th. BMO Capital Markets lowered their price target on shares of Coursera from $10.00 to $9.00 and set an “outperform” rating for the company in a report on Friday, October 25th. Finally, KeyCorp cut their price target on shares of Coursera from $12.00 to $11.00 and set an “overweight” rating on the stock in a report on Friday, October 25th. One analyst has rated the stock with a sell rating, four have given a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $10.13.

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.