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

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

Insider Activity

In other news, SVP Alan B. Cardenas sold 6,102 shares of the company’s stock in a transaction dated Monday, November 18th. The stock was 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. This represents a 3.05 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 16.30% of the stock is currently owned by corporate insiders.

Institutional Trading of Coursera

Several institutional investors and hedge funds have recently bought and sold shares of the business. FMR LLC increased its holdings in shares of Coursera by 67.6% during the 3rd quarter. FMR LLC now owns 6,574 shares of the company’s stock worth $52,000 after acquiring an additional 2,651 shares during the last quarter. CWM LLC increased its holdings in shares of Coursera by 82.3% in the third 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 last quarter. KBC Group NV increased its holdings in shares of Coursera by 90.7% in 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 during the last quarter. Versor Investments LP bought a new position in shares of Coursera in the third quarter valued at about $106,000. Finally, New York State Teachers Retirement System acquired a new stake in shares of Coursera during the 4th quarter worth about $107,000. Institutional investors own 89.55% of the company’s stock.

Coursera Price Performance

Shares of COUR opened at $7.71 on Monday. Coursera has a one year low of $6.29 and a one year high of $20.56. The company has a market cap of $1.22 billion, a PE ratio of -15.11 and a beta of 1.44. The firm has a 50-day moving average of $8.47 and a 200-day moving average of $8.00.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $10.00 price target on shares of Coursera in a research note on Friday. Morgan Stanley reduced their target price on shares of Coursera from $15.00 to $10.00 and set an “overweight” rating for the company in a research note on Friday, October 25th. JPMorgan Chase & Co. assumed coverage on Coursera in a research note on Monday, November 25th. They issued a “neutral” rating and a $8.00 price target on the stock. UBS Group increased their price objective on Coursera from $7.50 to $8.50 and gave the stock a “neutral” rating in a report on Friday. Finally, BMO Capital Markets cut their target price on Coursera from $10.00 to $9.00 and set an “outperform” rating on the stock in a research note on Friday, October 25th. One analyst has rated the stock with a sell rating, four have issued a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $10.13.

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.