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

Coursera, Inc. (NYSE:COUR - Get Free Report) was the recipient of a significant growth in short interest during the month of October. As of October 31st, there was short interest totalling 10,010,000 shares, a growth of 11.0% from the October 15th total of 9,020,000 shares. Based on an average daily trading volume, of 1,930,000 shares, the days-to-cover ratio is currently 5.2 days. Approximately 7.6% of the company's stock are short sold.

Coursera Trading Down 1.6 %

NYSE COUR traded down $0.11 during trading hours on Monday, hitting $6.82. 955,096 shares of the company's stock traded hands, compared to its average volume of 2,232,849. The business's fifty day moving average price is $7.54 and its two-hundred day moving average price is $7.73. The firm has a market capitalization of $1.08 billion, a P/E ratio of -13.59 and a beta of 1.44. Coursera has a 52 week low of $6.29 and a 52 week high of $21.26.

Insider Activity

In related news, Director Andrew Y. Ng sold 6,221 shares of the business's stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $8.03, for a total transaction of $49,954.63. Following the transaction, the director now directly owns 7,297,671 shares in the company, valued at approximately $58,600,298.13. The trade was a 0.09 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 16.30% of the company's stock.

Institutional Investors Weigh In On Coursera

A number of hedge funds have recently bought and sold shares of COUR. The Manufacturers Life Insurance Company grew its holdings in shares of Coursera by 1.8% in the second 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. nVerses Capital LLC grew its stake in shares of Coursera by 26.1% during the 2nd quarter. nVerses Capital LLC now owns 8,700 shares of the company's stock worth $62,000 after purchasing an additional 1,800 shares during the period. Covestor Ltd grew its stake in Coursera by 72.9% in the 1st quarter. Covestor Ltd now owns 4,378 shares of the company's stock valued at $61,000 after acquiring an additional 1,846 shares during the period. Pitcairn Co. grew its stake in Coursera by 16.9% in the 3rd 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 period. Finally, ProShare Advisors LLC lifted its holdings in Coursera by 10.3% in the 1st quarter. ProShare Advisors LLC now owns 23,787 shares of the company's stock valued at $333,000 after purchasing an additional 2,224 shares in the last quarter. Hedge funds and other institutional investors own 89.55% of the company's stock.

Analyst Ratings Changes

COUR has been the topic of several research reports. Telsey Advisory Group reissued an "outperform" rating and issued a $18.00 price target on shares of Coursera in a research report on Monday, October 21st. Bank of America started coverage on shares of Coursera in a report on Thursday, September 19th. They issued a "buy" rating and a $11.00 target price for the company. Royal Bank of Canada decreased their target price on shares of Coursera from $18.00 to $10.00 and set an "outperform" rating for the company in a report on Friday, October 25th. Morgan Stanley decreased their target price on shares of Coursera from $15.00 to $10.00 and set an "overweight" rating for the company in a report on Friday, October 25th. Finally, KeyCorp reduced their price target on shares of Coursera from $12.00 to $11.00 and set an "overweight" rating for the company in a research note on Friday, October 25th. One analyst has rated the stock with a sell rating, one has given a hold rating and nine have given a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $10.93.

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.