Coursera, Inc. (NYSE:COUR) Short Interest Up 6.1% in December

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. Currently, 6.8% of the company’s shares are sold short. Based on an average trading volume of 2,510,000 shares, the days-to-cover ratio is currently 3.6 days.

Analyst Ratings Changes

A number of research analysts recently issued reports on COUR shares. Cantor Fitzgerald reiterated an “overweight” rating and issued a $10.00 target price on shares of Coursera in a report on Thursday, December 5th. KeyCorp decreased their price objective on Coursera from $12.00 to $11.00 and set an “overweight” rating for the company in a research note on Friday, October 25th. Scotiabank initiated coverage on shares of Coursera in a research note on Thursday, December 5th. They set a “sector perform” rating and a $9.00 target price on the stock. JPMorgan Chase & Co. started coverage on shares of Coursera in a research note on Monday, November 25th. They issued a “neutral” rating and a $8.00 price target for the company. Finally, Needham & Company LLC dropped their price objective on shares of Coursera from $15.00 to $11.00 and set a “buy” rating on the stock in a research report on Friday, October 25th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $10.52.

Insider Activity at Coursera

In other Coursera news, SVP Alan B. Cardenas sold 6,102 shares of the stock in a transaction that occurred 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 sale, the senior vice president now directly owns 194,082 shares in the company, valued at $1,325,580.06. This represents a 3.05 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 15.90% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC grew its position in shares of Coursera by 15.9% during the fourth quarter. Janney Montgomery Scott LLC now owns 121,845 shares of the company’s stock worth $1,036,000 after acquiring an additional 16,724 shares during the last quarter. SG Americas Securities LLC boosted its stake in Coursera by 66.1% during the 4th quarter. SG Americas Securities LLC now owns 87,209 shares of the company’s stock worth $741,000 after purchasing an additional 34,701 shares during the period. Diversified Trust Co purchased a new position in Coursera during the 4th quarter worth $131,000. Franklin Resources Inc. acquired a new position in Coursera in the third quarter valued at $1,651,000. Finally, Geode Capital Management LLC raised its holdings 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 valued at $23,214,000 after buying an additional 199,050 shares during the last quarter. Hedge funds and other institutional investors own 89.55% of the company’s stock.

Coursera Stock Performance

Shares of COUR stock opened at $8.51 on Tuesday. The stock’s 50-day moving average is $8.16 and its two-hundred day moving average is $7.91. Coursera has a 1 year low of $6.29 and a 1 year high of $20.73. The firm has a market cap of $1.35 billion, a price-to-earnings ratio of -16.68 and a beta of 1.44.

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.