Coursera, Inc. (NYSE:COUR) Short Interest Down 25.2% in May

Coursera, Inc. (NYSE:COUR) saw a significant decrease in short interest in May. As of May 31st, there was short interest totalling 4,520,000 shares, a decrease of 25.2% from the May 15th total of 6,040,000 shares. Approximately 3.4% of the shares of the stock are sold short. Based on an average daily volume of 1,930,000 shares, the days-to-cover ratio is currently 2.3 days.

Analyst Upgrades and Downgrades

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

Insider Activity at Coursera

In other Coursera news, Director Sabrina Simmons sold 9,335 shares of the firm’s stock in a transaction that occurred on Thursday, May 22nd. The shares were sold at an average price of $8.48, for a total transaction of $79,160.80. Following the completion of the transaction, the director now directly owns 50,215 shares of the company’s stock, valued at approximately $425,823.20. This trade represents a 15.68% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Amanda Clark sold 9,334 shares of Coursera stock in a transaction on Thursday, May 22nd. The stock was sold at an average price of $8.48, for a total value of $79,152.32. Following the transaction, the director now owns 85,573 shares in the company, valued at approximately $725,659.04. This represents a 9.83% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 24,770 shares of company stock valued at $211,087 over the last 90 days. 16.80% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Quarry LP lifted its position in Coursera by 1,848.6% during the first quarter. Quarry LP now owns 4,131 shares of the company’s stock valued at $28,000 after purchasing an additional 3,919 shares during the period. State of Wyoming increased its stake in Coursera by 959.1% during the 4th quarter. State of Wyoming now owns 3,887 shares of the company’s stock worth $33,000 after buying an additional 3,520 shares during the period. SBI Securities Co. Ltd. purchased a new stake in shares of Coursera in the 4th quarter valued at approximately $35,000. Pale Fire Capital SE purchased a new position in shares of Coursera in the 1st quarter valued at $67,000. Finally, Xponance Inc. acquired a new stake in Coursera during the 1st quarter worth $69,000. Institutional investors own 89.55% of the company’s stock.

Coursera Price Performance

NYSE:COUR opened at $8.27 on Friday. Coursera has a 1 year low of $5.76 and a 1 year high of $11.74. The company has a market cap of $1.33 billion, a P/E ratio of -19.22 and a beta of 1.38. The stock’s fifty day moving average price is $8.39 and its two-hundred day moving average price is $8.08.

Coursera (NYSE:COUR) last issued its quarterly earnings results on Thursday, April 24th. The company reported $0.12 EPS for the quarter, topping analysts’ consensus estimates of $0.08 by $0.04. The firm had revenue of $179.30 million for the quarter, compared to analysts’ expectations of $175.60 million. Coursera had a negative return on equity of 7.22% and a negative net margin of 9.37%. The business’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.07 EPS. On average, analysts expect that Coursera will post -0.28 earnings per share for the current fiscal year.

About Coursera

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.