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

Coursera, Inc. (NYSE:COUR) saw a significant drop in short interest in September. As of September 15th, there was short interest totalling 8,270,000 shares, a drop of 7.6% from the August 31st total of 8,950,000 shares. Based on an average daily volume of 2,470,000 shares, the short-interest ratio is currently 3.3 days. Currently, 6.3% of the company’s stock are sold short.

Insider Activity at Coursera

In other news, Director Andrew Y. Ng sold 6,221 shares of the company’s stock in a transaction that occurred 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 of the company’s stock, valued at $58,600,298.13. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, Director Andrew Y. Ng sold 6,221 shares of the business’s stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $8.03, for a total value of $49,954.63. Following the transaction, the director now directly owns 7,297,671 shares of the company’s stock, valued at approximately $58,600,298.13. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Andrew Y. Ng sold 25,000 shares of the firm’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $8.40, for a total transaction of $210,000.00. Following the sale, the director now owns 7,203,892 shares of the company’s stock, valued at approximately $60,512,692.80. The disclosure for this sale can be found here. Insiders have sold 39,068 shares of company stock valued at $324,787 over the last ninety days. Corporate insiders own 16.30% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. The Manufacturers Life Insurance Company boosted its stake in Coursera by 1.8% in the second quarter. The Manufacturers Life Insurance Company now owns 70,457 shares of the company’s stock worth $504,000 after buying an additional 1,276 shares in the last quarter. nVerses Capital LLC lifted its holdings in shares of Coursera by 26.1% in the 2nd quarter. nVerses Capital LLC now owns 8,700 shares of the company’s stock worth $62,000 after acquiring an additional 1,800 shares during the last quarter. Covestor Ltd boosted its stake in shares of Coursera by 72.9% in the 1st quarter. Covestor Ltd now owns 4,378 shares of the company’s stock valued at $61,000 after purchasing an additional 1,846 shares in the last quarter. ProShare Advisors LLC grew its holdings in shares of Coursera by 10.3% during the 1st quarter. ProShare Advisors LLC now owns 23,787 shares of the company’s stock valued at $333,000 after purchasing an additional 2,224 shares during the last quarter. Finally, Natixis purchased a new position in Coursera in the 1st quarter worth $35,000. 89.55% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

COUR has been the subject of several research reports. Needham & Company LLC reissued a “buy” rating and set a $15.00 price objective on shares of Coursera in a report on Friday, July 26th. Cantor Fitzgerald upgraded Coursera to a “strong-buy” rating in a research note on Tuesday, August 13th. BMO Capital Markets boosted their price objective on Coursera from $10.00 to $11.00 and gave the company an “outperform” rating in a research note on Friday, July 26th. Bank of America began coverage on shares of Coursera in a research report on Thursday, September 19th. They set a “buy” rating and a $11.00 target price for the company. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $18.00 target price on shares of Coursera in a research note on Friday, July 26th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $14.73.

Coursera Stock Performance

Coursera stock traded down $0.34 during midday trading on Tuesday, reaching $7.61. 1,330,237 shares of the stock were exchanged, compared to its average volume of 2,199,191. Coursera has a 52 week low of $6.35 and a 52 week high of $21.26. The firm has a market cap of $1.19 billion, a PE ratio of -11.16 and a beta of 1.42. The company’s fifty day moving average is $8.11 and its 200-day moving average is $9.08.

Coursera (NYSE:COUR) last posted its quarterly earnings data on Thursday, July 25th. The company reported $0.09 earnings per share for the quarter, topping the consensus estimate of $0.01 by $0.08. Coursera had a negative net margin of 14.35% and a negative return on equity of 13.92%. The company had revenue of $170.30 million for the quarter, compared to analysts’ expectations of $164.67 million. During the same period in the prior year, the business earned ($0.20) earnings per share. Coursera’s revenue for the quarter was up 10.8% compared to the same quarter last year. On average, sell-side analysts anticipate that Coursera will post -0.44 earnings per share 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.