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

Coursera, Inc. (NYSE:COUR) was the target of a significant growth in short interest during 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. Currently, 6.8% of the shares of the company are short sold. Based on an average daily trading volume, of 2,510,000 shares, the short-interest ratio is currently 3.6 days.

Coursera Trading Down 1.4 %

Shares of COUR traded down $0.13 during mid-day trading on Friday, hitting $8.51. 984,413 shares of the company traded hands, compared to its average volume of 1,540,668. The stock has a market capitalization of $1.35 billion, a price-to-earnings ratio of -16.68 and a beta of 1.44. The business has a 50-day moving average of $8.14 and a 200 day moving average of $7.90. Coursera has a one year low of $6.29 and a one year high of $20.73.

Insider Activity

In related news, SVP Alan B. Cardenas sold 6,102 shares of the company’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $6.83, for a total value 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 sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 15.90% of the stock is owned by company insiders.

Institutional Investors Weigh In On Coursera

Several hedge funds and other institutional investors have recently made changes to their positions in COUR. Rhumbline Advisers boosted its stake in shares of Coursera by 4.9% in the 2nd quarter. Rhumbline Advisers now owns 193,843 shares of the company’s stock valued at $1,388,000 after purchasing an additional 9,069 shares during the last quarter. Victory Capital Management Inc. boosted its stake in Coursera by 150.7% in the second quarter. Victory Capital Management Inc. now owns 38,756 shares of the company’s stock valued at $277,000 after acquiring an additional 23,294 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in Coursera by 0.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,655,040 shares of the company’s stock worth $19,007,000 after acquiring an additional 15,694 shares during the period. Hsbc Holdings PLC raised its position in shares of Coursera by 13.1% during the 2nd quarter. Hsbc Holdings PLC now owns 186,855 shares of the company’s stock valued at $1,320,000 after acquiring an additional 21,629 shares during the last quarter. Finally, XTX Topco Ltd lifted its stake in shares of Coursera by 108.7% in the 2nd quarter. XTX Topco Ltd now owns 83,583 shares of the company’s stock valued at $598,000 after purchasing an additional 43,540 shares during the period. 89.55% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

COUR has been the topic of a number of recent research reports. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $10.00 price objective on shares of Coursera in a report on Thursday, December 5th. Scotiabank began coverage on Coursera in a research note on Thursday, December 5th. They issued a “sector perform” rating and a $9.00 price target on the stock. 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 target on the stock. Needham & Company LLC cut their price objective on Coursera from $15.00 to $11.00 and set a “buy” rating for the company in a report on Friday, October 25th. 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 report 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 company. According to data from MarketBeat.com, Coursera 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.