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

Coursera, Inc. (NYSE:COUR - Get Free Report) saw a large drop in short interest in 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. Based on an average daily trading volume, of 2,220,000 shares, the short-interest ratio is currently 2.8 days. Approximately 4.6% of the company's stock are sold short.

Analysts Set New Price Targets

COUR has been the topic of several recent analyst reports. Royal Bank of Canada reissued an "outperform" rating and set a $10.00 price objective on shares of Coursera in a research report on Friday, January 31st. UBS Group increased their price target on shares of Coursera from $7.50 to $8.50 and gave the company a "neutral" rating in a report on Friday, January 31st. Telsey Advisory Group reissued an "outperform" rating and set a $15.00 price target on shares of Coursera in a research report on Tuesday, January 28th. Needham & Company LLC reaffirmed a "buy" rating and issued a $11.00 price objective on shares of Coursera in a research report on Monday, January 27th. Finally, JPMorgan Chase & Co. initiated coverage on Coursera in a research note on Monday, November 25th. They set a "neutral" rating and a $8.00 target price on the stock. One analyst has rated the stock with a sell rating, four have issued a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat, Coursera has a consensus rating of "Moderate Buy" and a consensus price target of $10.13.

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Insider Activity at Coursera

In other news, SVP Alan B. Cardenas sold 5,613 shares of the stock in a transaction 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 sale, the senior vice president now directly owns 180,413 shares of the company's stock, valued at approximately $1,490,211.38. This represents a 3.02 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 16.30% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Coursera

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

Coursera Price Performance

Shares of COUR traded down $0.31 during trading hours on Friday, hitting $7.13. The stock had a trading volume of 3,061,749 shares, compared to its average volume of 1,786,358. Coursera has a 12 month low of $6.29 and a 12 month high of $15.40. The stock has a fifty day moving average price of $8.32 and a 200 day moving average price of $7.98. The firm has a market capitalization of $1.14 billion, a PE ratio of -13.70 and a beta of 1.40.

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.