Coursera, Inc. (NYSE:COUR) Sees Large Growth in Short Interest

Coursera, Inc. (NYSE:COUR) was the recipient of a large growth in short interest in the month of September. As of September 30th, there was short interest totalling 9,370,000 shares, a growth of 13.3% from the September 15th total of 8,270,000 shares. Currently, 7.2% of the shares of the company are short sold. Based on an average daily trading volume, of 2,320,000 shares, the days-to-cover ratio is presently 4.0 days.

Insider Activity

In other news, Director Andrew Y. Ng sold 6,221 shares of the stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $8.03, for a total transaction of $49,954.63. Following the transaction, the director now directly owns 7,297,671 shares of the company’s stock, valued at $58,600,298.13. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, SVP Alan B. Cardenas sold 6,285 shares of the firm’s stock in a transaction on Monday, August 19th. The stock was sold at an average price of $8.27, for a total value of $51,976.95. Following the transaction, the senior vice president now directly owns 207,434 shares of the company’s stock, valued at approximately $1,715,479.18. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Andrew Y. Ng sold 6,221 shares of the firm’s stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $8.03, for a total value of $49,954.63. Following the completion of the transaction, the director now directly owns 7,297,671 shares in the company, valued at approximately $58,600,298.13. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 39,068 shares of company stock valued at $324,787 in the last ninety days. 16.30% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Goldman Sachs Group Inc. grew its position in Coursera by 38.7% in the fourth quarter. Goldman Sachs Group Inc. now owns 2,475,585 shares of the company’s stock worth $47,952,000 after acquiring an additional 690,931 shares in the last quarter. Vanguard Group Inc. grew its position in Coursera by 5.1% in the fourth quarter. Vanguard Group Inc. now owns 11,151,684 shares of the company’s stock worth $216,008,000 after acquiring an additional 536,890 shares in the last quarter. Moody National Bank Trust Division grew its position in Coursera by 11.4% in the first quarter. Moody National Bank Trust Division now owns 27,451 shares of the company’s stock worth $385,000 after acquiring an additional 2,804 shares in the last quarter. Hussman Strategic Advisors Inc. purchased a new position in Coursera in the first quarter worth about $2,355,000. Finally, Mutual of America Capital Management LLC grew its position in Coursera by 84.5% in the first quarter. Mutual of America Capital Management LLC now owns 227,616 shares of the company’s stock worth $3,191,000 after acquiring an additional 104,236 shares in the last quarter. Hedge funds and other institutional investors own 89.55% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. KeyCorp decreased their target price on Coursera from $14.00 to $12.00 and set an “overweight” rating on the stock in a report on Monday, July 22nd. Bank of America assumed coverage on Coursera in a report on Thursday, September 19th. They issued a “buy” rating and a $11.00 target price on the stock. Needham & Company LLC reaffirmed a “buy” rating and issued a $15.00 target price on shares of Coursera in a report on Friday, July 26th. Cantor Fitzgerald raised Coursera to a “strong-buy” rating in a report on Tuesday, August 13th. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $18.00 price target on shares of Coursera in a research note on Friday, July 26th. One analyst has rated the stock with a sell rating, two have given a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $14.73.

Coursera Stock Down 2.1 %

Shares of Coursera stock opened at $7.44 on Thursday. The firm has a market cap of $1.16 billion, a price-to-earnings ratio of -10.78 and a beta of 1.42. The business has a 50-day moving average price of $7.87 and a 200-day moving average price of $8.56. Coursera has a twelve month low of $6.35 and a twelve month high of $21.26.

Coursera (NYSE:COUR) last issued its quarterly earnings data on Thursday, July 25th. The company reported $0.09 earnings per share for the quarter, beating analysts’ consensus estimates of $0.01 by $0.08. The firm had revenue of $170.30 million during the quarter, compared to analyst estimates of $164.67 million. Coursera had a negative return on equity of 13.92% and a negative net margin of 14.35%. The business’s quarterly revenue was up 10.8% compared to the same quarter last year. During the same quarter last year, the business posted ($0.20) earnings per share. On average, equities analysts expect that Coursera will post -0.44 EPS for the current fiscal year.

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.