Short Interest in Coursera, Inc. (NYSE:COUR) Drops By 9.2%

Coursera, Inc. (NYSE:COUR - Get Free Report) was the recipient of a large drop in short interest during the month of January. As of January 31st, there was short interest totalling 7,810,000 shares, a drop of 9.2% from the January 15th total of 8,600,000 shares. Based on an average trading volume of 2,350,000 shares, the short-interest ratio is presently 3.3 days. Currently, 6.0% of the company's shares are short sold.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. Telsey Advisory Group reiterated an "outperform" rating and set a $15.00 target price on shares of Coursera in a research report on Tuesday, January 28th. Needham & Company LLC restated a "buy" rating and issued a $11.00 target price on shares of Coursera in a research note on Monday, January 27th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $10.00 price target on shares of Coursera in a research note on Friday, January 31st. Scotiabank started coverage on Coursera in a research report on Thursday, December 5th. They set a "sector perform" rating and a $9.00 target price for the company. Finally, BMO Capital Markets dropped their price target on Coursera from $10.00 to $9.00 and set an "outperform" rating on the stock in a research report on Friday, October 25th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat, Coursera has an average rating of "Moderate Buy" and an average price target of $10.13.

Coursera Stock Down 2.4 %

Shares of NYSE:COUR traded down $0.20 during trading on Friday, reaching $8.04. 1,019,883 shares of the company's stock traded hands, compared to its average volume of 1,807,185. Coursera has a fifty-two week low of $6.29 and a fifty-two week high of $16.74. The firm has a market cap of $1.27 billion, a PE ratio of -15.45 and a beta of 1.42. The company has a 50-day simple moving average of $8.43 and a 200-day simple moving average of $7.98.

Insider Activity at Coursera

In other news, SVP Alan B. Cardenas sold 5,613 shares of the firm's stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $8.26, for a total value of $46,363.38. Following the completion of the sale, the senior vice president now directly owns 180,413 shares of the company's stock, valued at $1,490,211.38. This trade represents a 3.02 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 16.30% of the stock is owned by insiders.

Hedge Funds Weigh In On Coursera

A number of large investors have recently added to or reduced their stakes in COUR. Algert Global LLC boosted its holdings in Coursera by 17.7% in the 3rd quarter. Algert Global LLC now owns 475,496 shares of the company's stock worth $3,775,000 after buying an additional 71,382 shares during the last quarter. Assenagon Asset Management S.A. boosted its stake in shares of Coursera by 6.3% in the third quarter. Assenagon Asset Management S.A. now owns 1,413,641 shares of the company's stock worth $11,224,000 after acquiring an additional 83,369 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Coursera by 7.3% in the third quarter. Geode Capital Management LLC now owns 2,922,953 shares of the company's stock worth $23,214,000 after acquiring an additional 199,050 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new position in Coursera in the 3rd quarter valued at $3,090,000. Finally, Franklin Resources Inc. acquired a new position in Coursera in the 3rd quarter valued at $1,651,000. 89.55% of the stock is currently owned by institutional investors and hedge funds.

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.