Coursera, Inc. (NYSE:COUR) Short Interest Up 6.1% in December

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

Insider Activity at Coursera

In other news, SVP Alan B. Cardenas sold 6,102 shares of the firm’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $6.83, for a total value of $41,676.66. Following the transaction, the senior vice president now directly owns 194,082 shares in the company, valued at approximately $1,325,580.06. This trade represents a 3.05 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 15.90% of the company’s stock.

Hedge Funds Weigh In On Coursera

A number of institutional investors and hedge funds have recently added to or reduced their stakes in COUR. The Manufacturers Life Insurance Company lifted its stake in Coursera by 1.8% during the second quarter. The Manufacturers Life Insurance Company now owns 70,457 shares of the company’s stock valued at $504,000 after purchasing an additional 1,276 shares during the last quarter. Pitcairn Co. raised its holdings in Coursera by 16.9% during the 3rd quarter. Pitcairn Co. now owns 13,655 shares of the company’s stock worth $108,000 after buying an additional 1,971 shares during the period. FMR LLC lifted its stake in Coursera by 67.6% during the third quarter. FMR LLC now owns 6,574 shares of the company’s stock valued at $52,000 after buying an additional 2,651 shares in the last quarter. Harbor Capital Advisors Inc. boosted its holdings in shares of Coursera by 11.2% in the third quarter. Harbor Capital Advisors Inc. now owns 26,424 shares of the company’s stock worth $210,000 after buying an additional 2,658 shares during the period. Finally, CWM LLC increased its position in shares of Coursera by 82.3% in the third quarter. CWM LLC now owns 7,128 shares of the company’s stock worth $57,000 after acquiring an additional 3,217 shares in the last quarter. 89.55% of the stock is owned by institutional investors.

Coursera Price Performance

Shares of Coursera stock traded down $0.13 on Monday, hitting $8.51. The company had a trading volume of 984,413 shares, compared to its average volume of 1,540,668. Coursera has a 52 week low of $6.29 and a 52 week high of $20.73. The company has a market cap of $1.35 billion, a PE ratio of -16.68 and a beta of 1.44. The business has a 50-day simple moving average of $8.14 and a 200-day simple moving average of $7.90.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on COUR. JPMorgan Chase & Co. initiated coverage on Coursera in a research note on Monday, November 25th. They issued a “neutral” rating and a $8.00 target price for the company. Royal Bank of Canada lowered their price objective on Coursera from $18.00 to $10.00 and set an “outperform” rating for the company in a research note on Friday, October 25th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $10.00 target price on shares of Coursera in a research note on Thursday, December 5th. The Goldman Sachs Group lowered their price target on shares of Coursera from $9.00 to $7.25 and set a “sell” rating for the company in a research report on Friday, October 25th. Finally, Needham & Company LLC cut their price objective on shares of Coursera from $15.00 to $11.00 and set a “buy” rating on the stock in a research report on Friday, October 25th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $10.52.

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.