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

Coursera, Inc. (NYSE:COUR) was the target of a significant decline in short interest during the month of 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. Based on an average daily trading volume, of 2,350,000 shares, the short-interest ratio is currently 3.3 days. Currently, 6.0% of the company’s stock are short sold.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on COUR. 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. 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. Needham & Company LLC reiterated a “buy” rating and issued a $11.00 price objective on shares of Coursera in a report on Monday, January 27th. Royal Bank of Canada reiterated an “outperform” rating and issued a $10.00 price objective on shares of Coursera in a report on Friday, January 31st. 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 analyst has rated the stock with a sell rating, four have issued a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $10.13.

Coursera Stock Performance

Shares of Coursera stock opened at $8.42 on Wednesday. The firm has a 50-day moving average of $8.44 and a 200-day moving average of $7.98. The stock has a market cap of $1.33 billion, a PE ratio of -16.18 and a beta of 1.42. Coursera has a 52-week low of $6.29 and a 52-week high of $16.84.

Institutional Investors Weigh In On Coursera

Several institutional investors and hedge funds have recently bought and sold shares of COUR. State of Wyoming lifted its position in Coursera by 959.1% during the fourth quarter. State of Wyoming now owns 3,887 shares of the company’s stock worth $33,000 after purchasing an additional 3,520 shares during the period. SBI Securities Co. Ltd. bought a new stake in Coursera during the fourth quarter worth about $35,000. FMR LLC lifted its position in Coursera by 67.6% during the third quarter. FMR LLC now owns 6,574 shares of the company’s stock worth $52,000 after purchasing an additional 2,651 shares during the period. CWM LLC lifted its position in Coursera by 82.3% during the third quarter. CWM LLC now owns 7,128 shares of the company’s stock worth $57,000 after purchasing an additional 3,217 shares during the period. Finally, KBC Group NV lifted its position in Coursera by 90.7% during the fourth quarter. KBC Group NV now owns 9,203 shares of the company’s stock worth $78,000 after purchasing an additional 4,376 shares during the period. Institutional investors own 89.55% of the company’s stock.

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.