Short Interest in Coursera, Inc. (NYSE:COUR) Rises By 6.1%

Coursera, Inc. (NYSE:COUR) saw a large growth in short interest in 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. Approximately 6.8% of the shares of the stock are sold short. Based on an average daily volume of 2,510,000 shares, the days-to-cover ratio is presently 3.6 days.

Coursera Price Performance

Shares of NYSE COUR opened at $8.51 on Tuesday. The company has a market capitalization of $1.35 billion, a P/E ratio of -16.68 and a beta of 1.44. Coursera has a 1 year low of $6.29 and a 1 year high of $20.73. The company has a 50 day simple moving average of $8.16 and a 200-day simple moving average of $7.91.

Insider Buying and Selling

In other Coursera news, SVP Alan B. Cardenas sold 6,102 shares of the company’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $6.83, for a total transaction of $41,676.66. Following the completion of the transaction, the senior vice president now directly owns 194,082 shares in the company, valued at approximately $1,325,580.06. This represents a 3.05 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 15.90% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Coursera

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

Analysts Set New Price Targets

COUR has been the subject of several research analyst reports. Needham & Company LLC reduced their price target on shares of Coursera from $15.00 to $11.00 and set a “buy” rating for the company in a research report on Friday, October 25th. Scotiabank started coverage on Coursera in a research report on Thursday, December 5th. They issued a “sector perform” rating and a $9.00 target price on the stock. The Goldman Sachs Group dropped their price target on Coursera from $9.00 to $7.25 and set a “sell” rating for the company in a research report on Friday, October 25th. Cantor Fitzgerald restated an “overweight” rating and issued a $10.00 price objective on shares of Coursera in a report on Thursday, December 5th. Finally, Morgan Stanley lowered their target price on shares of Coursera from $15.00 to $10.00 and set an “overweight” rating on the stock in a research note on Friday, October 25th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target 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.