Coursera, Inc. (NYSE:COUR) Short Interest Update

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

Institutional Investors Weigh In On Coursera

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. raised its stake in Coursera by 3.8% in the fourth quarter. Vanguard Group Inc. now owns 12,147,159 shares of the company’s stock valued at $103,251,000 after purchasing an additional 440,948 shares in the last quarter. State Street Corp lifted its holdings in shares of Coursera by 2.2% in the third quarter. State Street Corp now owns 2,947,168 shares of the company’s stock worth $23,401,000 after acquiring an additional 63,549 shares during the last quarter. Geode Capital Management LLC lifted 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 worth $23,214,000 after acquiring an additional 199,050 shares during the last quarter. Invenomic Capital Management LP lifted its holdings in shares of Coursera by 6.9% in the third quarter. Invenomic Capital Management LP now owns 2,690,363 shares of the company’s stock worth $21,361,000 after acquiring an additional 172,585 shares during the last quarter. Finally, Norges Bank bought a new position in shares of Coursera in the fourth quarter worth about $17,010,000. Institutional investors and hedge funds own 89.55% of the company’s stock.

Coursera Stock Performance

COUR opened at $8.88 on Tuesday. Coursera has a fifty-two week low of $6.29 and a fifty-two week high of $17.17. The company has a market capitalization of $1.41 billion, a P/E ratio of -17.07 and a beta of 1.42. The stock has a fifty day moving average of $8.44 and a 200-day moving average of $7.98.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. KeyCorp lowered their target price on shares of Coursera from $12.00 to $11.00 and set an “overweight” rating on the stock in a report on Friday, October 25th. Cantor Fitzgerald reissued an “overweight” rating and set a $10.00 price objective on shares of Coursera in a report on Thursday, December 5th. Needham & Company LLC reissued a “buy” rating and set a $11.00 price objective on shares of Coursera in a report on Monday, January 27th. BMO Capital Markets decreased their price objective on shares of Coursera from $10.00 to $9.00 and set an “outperform” rating on the stock in a report on Friday, October 25th. Finally, Morgan Stanley decreased their price objective 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 equities 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 stock. According to MarketBeat, Coursera presently has an average rating of “Moderate Buy” and an average target price of $10.13.

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.