Coursera, Inc. (NYSE:COUR) Short Interest Down 9.2% in January

Coursera, Inc. (NYSE:COUR) was the recipient of a significant decline in short interest in January. As of January 31st, there was short interest totalling 7,810,000 shares, a decline of 9.2% from the January 15th total of 8,600,000 shares. Currently, 6.0% of the shares of the stock are short sold. Based on an average trading volume of 2,350,000 shares, the days-to-cover ratio is currently 3.3 days.

Institutional Trading of Coursera

A number of institutional investors and hedge funds have recently added to or reduced their stakes in COUR. CWM LLC increased its position in Coursera by 82.3% during the 3rd quarter. CWM LLC now owns 7,128 shares of the company’s stock valued at $57,000 after purchasing an additional 3,217 shares during the period. Creative Planning boosted its holdings in shares of Coursera by 174.6% during the 3rd quarter. Creative Planning now owns 81,092 shares of the company’s stock worth $644,000 after buying an additional 51,564 shares in the last quarter. nVerses Capital LLC boosted its holdings in shares of Coursera by 77.0% during the 3rd quarter. nVerses Capital LLC now owns 15,400 shares of the company’s stock worth $122,000 after buying an additional 6,700 shares in the last quarter. Assenagon Asset Management S.A. boosted its holdings in shares of Coursera by 6.3% during the 3rd quarter. Assenagon Asset Management S.A. now owns 1,413,641 shares of the company’s stock worth $11,224,000 after buying an additional 83,369 shares in the last quarter. Finally, Janney Montgomery Scott LLC bought a new position in shares of Coursera during the 3rd quarter worth approximately $835,000. Institutional investors and hedge funds own 89.55% of the company’s stock.

Wall Street Analyst Weigh In

COUR has been the subject of several research analyst reports. 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 for the company. The Goldman Sachs Group lowered their target price on Coursera from $9.00 to $7.25 and set a “sell” rating for the company in a research note on Friday, October 25th. Royal Bank of Canada reissued an “outperform” rating and set a $10.00 target price on shares of Coursera in a research note on Friday, January 31st. BMO Capital Markets lowered their price objective on Coursera from $10.00 to $9.00 and set an “outperform” rating for the company in a research note on Friday, October 25th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $11.00 price objective on shares of Coursera in a research note on Monday, January 27th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $10.13.

Coursera Stock Performance

NYSE:COUR opened at $8.42 on Wednesday. The company has a market capitalization of $1.33 billion, a PE ratio of -16.18 and a beta of 1.42. The company has a 50 day simple moving average of $8.44 and a two-hundred day simple moving average of $7.98. Coursera has a fifty-two week low of $6.29 and a fifty-two week high of $16.84.

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.