51Talk Online Education Group (NYSE:COE) Coverage Initiated by Analysts at StockNews.com

StockNews.com began coverage on shares of 51Talk Online Education Group (NYSE:COE) in a research report released on Tuesday morning. The brokerage issued a hold rating on the stock.

51Talk Online Education Group Price Performance

51Talk Online Education Group stock opened at $6.47 on Tuesday. The business has a fifty day moving average price of $6.82 and a 200-day moving average price of $7.47. 51Talk Online Education Group has a 1-year low of $4.65 and a 1-year high of $9.24. The stock has a market capitalization of $36.43 million, a price-to-earnings ratio of -2.66 and a beta of -0.62.

51Talk Online Education Group (NYSE:COE) last issued its quarterly earnings results on Friday, March 22nd. The company reported ($0.81) EPS for the quarter. 51Talk Online Education Group had a negative return on equity of 463.20% and a negative net margin of 50.47%. The firm had revenue of $7.66 million for the quarter.

Institutional Investors Weigh In On 51Talk Online Education Group

Several large investors have recently bought and sold shares of the company. UBS Group AG increased its stake in 51Talk Online Education Group by 179.1% during the 4th quarter. UBS Group AG now owns 7,836 shares of the company’s stock worth $49,000 after buying an additional 5,028 shares in the last quarter. Renaissance Technologies LLC increased its stake in 51Talk Online Education Group by 2.5% during the 2nd quarter. Renaissance Technologies LLC now owns 290,500 shares of the company’s stock worth $401,000 after buying an additional 7,000 shares in the last quarter. Finally, Envestnet Asset Management Inc. increased its stake in 51Talk Online Education Group by 193.2% during the 1st quarter. Envestnet Asset Management Inc. now owns 55,979 shares of the company’s stock worth $98,000 after buying an additional 36,885 shares in the last quarter.

About 51Talk Online Education Group

51Talk Online Education Group, through its subsidiaries, provides online English language education services to students in the People's Republic of China, the Philippines, and internationally. The company operates online and mobile education platforms that enable students to take live interactive English and Chinese lessons.