Coursera, Inc. Short Interest Experiences Notable Decline in January

Coursera, Inc. (NYSE:COUR) experienced a notable decrease in short interest during January. By January 31st, the total short interest reached 7,810,000 shares, marking a decrease of 9.2% from the 8,600,000 shares reported on January 15th. With an average trading volume of 2,350,000 shares, the current short-interest ratio stands at 3.3 days. This indicates that approximately 6.0% of the company's total shares are currently sold short.

Coursera Shares Rise by 10.8%

On a recent trading day, Coursera shares increased by $0.87, reaching a price of $8.88. The trading volume for that day was 2,406,300 shares, surpassing the average daily volume of 2,000,429. The company's market capitalization is around $1.41 billion, and it has a price-to-earnings ratio of -17.07, along with a beta of 1.42. Over the past fifty days, the simple moving average has been $8.44, while the 200-day simple moving average is $7.98. Furthermore, the stock has a fifty-two-week low of $6.29 and a high of $17.17.

Recent Hedge Fund Adjustments

Several hedge funds have recently adjusted their stakes in Coursera. For instance, Vanguard Group Inc. increased its holdings by 3.8% in the fourth quarter, now owning 12,147,159 shares valued at $103,251,000 after acquiring an additional 440,948 shares. Similarly, State Street Corp. raised its stake by 2.2% during the third quarter, holding 2,947,168 shares worth $23,401,000 after adding 63,549 shares. Geode Capital Management LLC also increased its holdings by 7.3%, now owning 2,922,953 shares valued at $23,214,000 after acquiring an additional 199,050 shares. Another significant adjustment came from Invenomic Capital Management LP, which raised its holdings by 6.9%, owning 2,690,363 shares worth $21,361,000 after an additional acquisition of 172,585 shares. Additionally, Norges Bank entered a new position in Coursera valued at $17,010,000. Taken together, institutional investors and hedge funds control approximately 89.55% of the company's stock.

Analysts Predict Future Growth

Multiple brokerages have offered their insights regarding Coursera's prospects. Goldman Sachs Group has revised their price target from $9.00 to $7.25 while maintaining a "sell" rating on the stock. In a contrasting opinion, Needham & Company LLC reaffirmed a "buy" rating and set a price target of $11.00. BMO Capital Markets lowered their target from $10.00 to $9.00 while maintaining an "outperform" rating, and Cantor Fitzgerald retained an "overweight" rating with a price target of $10.00. Lastly, Royal Bank of Canada reaffirmed an "outperform" rating, setting a target price of $10.00. Presently, one analyst has issued a sell rating, four have a hold rating, and eight analysts rate the stock as a buy. According to consensus estimates provided by MarketBeat, Coursera currently holds a "Moderate Buy" rating, with an average target price of $10.13.

Company Overview

About Coursera, Inc.

Coursera, Inc. operates an online educational platform that spans various regions, including the United States, Europe, Africa, the Asia Pacific, and the Middle East. The company is segmented into three main areas: Consumer, Enterprise, and Degrees. Services offered include guided projects, courses, specializations, online degrees, and certificates for both entry and professional-level learners, including university and MasterTrack programs.

Investment Considerations

If you are looking to invest in Coursera, you might want to evaluate it against other potential investment opportunities. While it presently enjoys a moderately favorable rating, some analysts suggest there may be better options available in the market.

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