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

Coursera, Inc. (NYSE:COUR) was the recipient of a large 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. Approximately 6.8% of the shares of the stock are sold short. Based on an average daily volume of 2,510,000 shares, the short-interest ratio is presently 3.6 days.

Coursera Price Performance

Coursera stock traded down $0.13 during midday trading on Monday, hitting $8.51. 984,413 shares of the company were exchanged, compared to its average volume of 1,540,668. Coursera has a fifty-two week low of $6.29 and a fifty-two week high of $20.73. The company’s fifty day moving average price is $8.14 and its 200-day moving average price is $7.90. The company has a market cap of $1.35 billion, a PE ratio of -16.68 and a beta of 1.44.

Analyst Ratings Changes

COUR has been the topic of a number of research analyst reports. BMO Capital Markets decreased their price target on Coursera from $10.00 to $9.00 and set an “outperform” rating on the stock in a research note on Friday, October 25th. Morgan Stanley lowered 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. Telsey Advisory Group reaffirmed an “outperform” rating and set a $18.00 price target on shares of Coursera in a research note on Monday, October 21st. KeyCorp lowered their price objective 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. Finally, Scotiabank began coverage on Coursera in a research report on Thursday, December 5th. They issued a “sector perform” rating and a $9.00 target price on the stock. One investment analyst has rated the stock with a sell rating, three have given a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $10.52.

Insider Buying and Selling

In other Coursera news, SVP Alan B. Cardenas sold 6,102 shares of the company’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $6.83, for a total value of $41,676.66. Following 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 15.90% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in COUR. State Street Corp boosted its stake in shares of Coursera by 2.2% during the 3rd quarter. State Street Corp now owns 2,947,168 shares of the company’s stock valued at $23,401,000 after buying an additional 63,549 shares during the last quarter. Geode Capital Management LLC boosted its stake in Coursera by 7.3% during the 3rd quarter. Geode Capital Management LLC now owns 2,922,953 shares of the company’s stock valued at $23,214,000 after acquiring an additional 199,050 shares during the last quarter. Millennium Management LLC grew its holdings in Coursera by 67.0% during the 2nd quarter. Millennium Management LLC now owns 2,800,912 shares of the company’s stock worth $20,055,000 after acquiring an additional 1,123,397 shares in the last quarter. Invenomic Capital Management LP increased its position in shares of Coursera by 6.9% in the 3rd quarter. Invenomic Capital Management LP now owns 2,690,363 shares of the company’s stock worth $21,361,000 after purchasing an additional 172,585 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of Coursera by 0.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,655,040 shares of the company’s stock valued at $19,007,000 after purchasing an additional 15,694 shares in the last quarter. 89.55% of the stock is currently owned by hedge funds and other institutional investors.

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.