Short Interest in Coursera, Inc. (NYSE:COUR) Declines By 21.4%

Coursera, Inc. (NYSE:COUR) was the recipient of a significant drop in short interest during the month of 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. Currently, 4.6% of the company’s shares are short sold. Based on an average daily volume of 2,220,000 shares, the short-interest ratio is presently 2.8 days.

Wall Street Analyst Weigh In

Several research firms have recently commented on COUR. JPMorgan Chase & Co. began coverage on Coursera in a research report on Monday, November 25th. They set a “neutral” rating and a $8.00 price target for the company. UBS Group upped their price target on Coursera from $7.50 to $8.50 and gave the stock a “neutral” rating in a report on Friday, January 31st. Needham & Company LLC restated a “buy” rating and set a $11.00 target price on shares of Coursera in a research note on Monday, January 27th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $15.00 target price on shares of Coursera in a report on Tuesday, January 28th. Finally, Scotiabank assumed coverage on shares of Coursera in a report on Thursday, December 5th. They set a “sector perform” rating and a $9.00 price target for the company. One analyst has rated the stock with a sell rating, four have given a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $10.13.

Coursera Price Performance

Shares of COUR traded down $0.05 during mid-day trading on Tuesday, reaching $7.63. 353,052 shares of the company’s stock were exchanged, compared to its average volume of 1,759,279. The business’s fifty day simple moving average is $8.37 and its 200-day simple moving average is $7.98. The stock has a market capitalization of $1.22 billion, a PE ratio of -14.64 and a beta of 1.42. Coursera has a 52-week low of $6.29 and a 52-week high of $15.40.

Insider Buying and Selling

In related news, SVP Alan B. Cardenas sold 5,613 shares of the company’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 transaction, the senior vice president now directly owns 180,413 shares in the company, 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 company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Creative Planning grew its holdings in shares of Coursera by 174.6% during the third quarter. Creative Planning now owns 81,092 shares of the company’s stock worth $644,000 after buying an additional 51,564 shares during the last quarter. Janney Montgomery Scott LLC purchased a new position in shares of Coursera in the 3rd quarter valued at approximately $835,000. Harbor Capital Advisors Inc. raised its stake in shares of Coursera by 11.2% during the third quarter. Harbor Capital Advisors Inc. now owns 26,424 shares of the company’s stock worth $210,000 after purchasing an additional 2,658 shares during the last quarter. Los Angeles Capital Management LLC acquired a new stake in shares of Coursera during the third quarter worth $149,000. Finally, Versor Investments LP purchased a new position in Coursera in the 3rd quarter valued at $106,000. 89.55% of the stock is currently owned by institutional investors and hedge funds.

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.