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

Coursera, Inc. (NYSE:COUR) saw a large decrease in short interest in the month of September. As of September 15th, there was short interest totalling 8,270,000 shares, a decrease of 7.6% from the August 31st total of 8,950,000 shares. Approximately 6.3% of the shares of the company are sold short. Based on an average daily volume of 2,470,000 shares, the days-to-cover ratio is presently 3.3 days.

Wall Street Analysts Forecast Growth

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

Insider Activity

In other news, SVP Alan B. Cardenas sold 6,285 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the senior vice president now directly owns 207,434 shares of the company’s stock, valued at $1,715,479.18. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, Director Andrew Y. Ng sold 6,221 shares of Coursera 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 completion of the sale, the director now owns 7,297,671 shares of the company’s stock, valued at $58,600,298.13. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Alan B. Cardenas sold 6,285 shares of the business’s stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $8.27, for a total transaction of $51,976.95. Following the completion of the sale, the senior vice president now directly owns 207,434 shares of the company’s stock, valued at approximately $1,715,479.18. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 39,068 shares of company stock valued at $324,787. 16.30% of the stock is owned by company insiders.

Institutional Trading of Coursera

A number of institutional investors have recently bought and sold shares of COUR. CWM LLC raised its holdings in Coursera by 7,568.6% during the second quarter. CWM LLC now owns 3,911 shares of the company’s stock worth $28,000 after buying an additional 3,860 shares during the last quarter. Natixis bought a new stake in Coursera during the 1st quarter worth approximately $35,000. Covestor Ltd raised its stake in shares of Coursera by 72.9% in the first quarter. Covestor Ltd now owns 4,378 shares of the company’s stock worth $61,000 after purchasing an additional 1,846 shares during the last quarter. nVerses Capital LLC lifted its holdings in shares of Coursera by 26.1% in the second quarter. nVerses Capital LLC now owns 8,700 shares of the company’s stock valued at $62,000 after purchasing an additional 1,800 shares in the last quarter. Finally, LGT Group Foundation purchased a new position in shares of Coursera during the second quarter valued at approximately $73,000. Institutional investors own 89.55% of the company’s stock.

Coursera Trading Down 4.2 %

COUR traded down $0.34 during trading on Tuesday, reaching $7.61. 1,330,237 shares of the company’s stock were exchanged, compared to its average volume of 2,199,191. The firm has a fifty day moving average price of $8.11 and a two-hundred day moving average price of $9.08. The stock has a market capitalization of $1.19 billion, a PE ratio of -11.16 and a beta of 1.42. Coursera has a one year low of $6.35 and a one year high of $21.26.

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