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

Coursera, Inc. (NYSE:COUR - Get Free Report) saw a large decline in short interest during the month of May. As of May 31st, there was short interest totalling 4,520,000 shares, a decline of 25.2% from the May 15th total of 6,040,000 shares. Based on an average daily trading volume, of 1,930,000 shares, the short-interest ratio is presently 2.3 days. Approximately 3.4% of the shares of the stock are short sold.

Analysts Set New Price Targets

COUR has been the subject of several research analyst reports. Needham & Company LLC restated a "buy" rating and issued a $11.00 target price on shares of Coursera in a report on Friday, April 25th. Bank of America reiterated an "underperform" rating and set a $7.00 target price on shares of Coursera in a research report on Thursday, March 27th. Morgan Stanley reissued an "equal weight" rating and issued a $11.00 target price (up from $10.00) on shares of Coursera in a research report on Thursday, June 5th. JPMorgan Chase & Co. reduced their price objective on Coursera from $8.00 to $7.00 and set a "neutral" rating for the company in a research note on Tuesday, April 8th. Finally, Telsey Advisory Group reissued an "outperform" rating and issued a $12.00 price objective on shares of Coursera in a report on Tuesday, April 22nd. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $9.40.

Insider Buying and Selling

In other news, Director Sabrina Simmons sold 9,335 shares of the business's stock in a transaction that occurred on Thursday, May 22nd. The stock was sold at an average price of $8.48, for a total transaction of $79,160.80. Following the transaction, the director now directly owns 50,215 shares in the company, valued at $425,823.20. The trade was a 15.68% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Alan B. Cardenas sold 6,101 shares of the company's stock in a transaction dated Tuesday, May 20th. The shares were sold at an average price of $8.65, for a total transaction of $52,773.65. Following the completion of the transaction, the senior vice president now directly owns 293,368 shares in the company, valued at $2,537,633.20. The trade was a 2.04% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 24,770 shares of company stock worth $211,087. Insiders own 16.80% of the company's stock.

Institutional Investors Weigh In On Coursera

Hedge funds and other institutional investors have recently bought and sold shares of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Coursera by 1.8% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 101,948 shares of the company's stock worth $867,000 after purchasing an additional 1,785 shares during the period. Waterfront Wealth Inc. grew its stake in Coursera by 1.7% during the 4th quarter. Waterfront Wealth Inc. now owns 156,411 shares of the company's stock worth $1,329,000 after buying an additional 2,543 shares during the last quarter. New York State Common Retirement Fund increased its position in Coursera by 6.4% in the fourth quarter. New York State Common Retirement Fund now owns 42,368 shares of the company's stock worth $360,000 after buying an additional 2,552 shares during the period. CWM LLC lifted its stake in Coursera by 13.7% in the first quarter. CWM LLC now owns 23,794 shares of the company's stock valued at $158,000 after buying an additional 2,872 shares during the last quarter. Finally, Swiss National Bank lifted its stake in Coursera by 1.2% in the fourth quarter. Swiss National Bank now owns 262,300 shares of the company's stock valued at $2,230,000 after buying an additional 3,100 shares during the last quarter. 89.55% of the stock is currently owned by hedge funds and other institutional investors.

Coursera Trading Up 1.0%

Shares of COUR opened at $8.35 on Wednesday. Coursera has a 12-month low of $5.76 and a 12-month high of $11.74. The stock has a market cap of $1.35 billion, a P/E ratio of -19.41 and a beta of 1.38. The company has a 50-day moving average of $8.33 and a two-hundred day moving average of $8.08.

Coursera (NYSE:COUR - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The company reported $0.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.04. The company had revenue of $179.30 million for the quarter, compared to analysts' expectations of $175.60 million. Coursera had a negative net margin of 9.37% and a negative return on equity of 7.22%. The firm's revenue for the quarter was up 6.0% compared to the same quarter last year. During the same period last year, the company earned $0.07 EPS. As a group, analysts forecast that Coursera will post -0.28 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.

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