Coursera, Inc. (NYSE:COUR) Short Interest Update

Coursera, Inc. (NYSE:COUR) saw a large drop in short interest during the month of February. As of February 15th, there was short interest totalling 6,140,000 shares, a drop of 21.4% from the January 31st total of 7,810,000 shares. Currently, 4.6% of the shares of the company are sold short. Based on an average trading volume of 2,220,000 shares, the short-interest ratio is currently 2.8 days.

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 transaction of $46,363.38. Following the completion of 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 position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 16.30% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Coursera

Several hedge funds and other institutional investors have recently modified their holdings of COUR. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Coursera by 1.8% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 101,948 shares of the company’s stock valued at $867,000 after acquiring an additional 1,785 shares during the last quarter. Pitcairn Co. grew its position in shares of Coursera by 16.9% in the third quarter. Pitcairn Co. now owns 13,655 shares of the company’s stock valued at $108,000 after purchasing an additional 1,971 shares in the last quarter. Waterfront Wealth Inc. grew its position in shares of Coursera by 1.7% in the fourth quarter. Waterfront Wealth Inc. now owns 156,411 shares of the company’s stock valued at $1,329,000 after purchasing an additional 2,543 shares in the last quarter. New York State Common Retirement Fund increased its holdings in shares of Coursera by 6.4% in the fourth quarter. New York State Common Retirement Fund now owns 42,368 shares of the company’s stock valued at $360,000 after purchasing an additional 2,552 shares during the last quarter. Finally, FMR LLC boosted its stake in Coursera by 67.6% during the third quarter. FMR LLC now owns 6,574 shares of the company’s stock worth $52,000 after buying an additional 2,651 shares during the last quarter. 89.55% of the stock is owned by hedge funds and other institutional investors.

Coursera Price Performance

NYSE COUR traded down $0.05 during mid-day trading on Tuesday, hitting $7.63. The stock had a trading volume of 353,052 shares, compared to its average volume of 1,759,279. Coursera has a twelve month low of $6.29 and a twelve month high of $15.40. The firm’s 50 day moving average is $8.37 and its 200 day moving average is $7.98. The stock has a market capitalization of $1.22 billion, a price-to-earnings ratio of -14.64 and a beta of 1.42.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on COUR shares. UBS Group boosted their target price on shares of Coursera from $7.50 to $8.50 and gave the company a “neutral” rating in a research report on Friday, January 31st. Cantor Fitzgerald reissued an “overweight” rating and issued a $10.00 price objective on shares of Coursera in a report on Thursday, December 5th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $15.00 target price on shares of Coursera in a report on Tuesday, January 28th. Scotiabank started coverage on Coursera in a report on Thursday, December 5th. They issued a “sector perform” rating and a $9.00 price target for the company. Finally, 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 on the stock. 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 stock. Based on data from MarketBeat.com, Coursera currently has a consensus rating of “Moderate Buy” and an average target price 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.