StockNews.com Initiates Coverage on 51Talk Online Education Group (NYSE:COE)

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

51Talk Online Education Group Price Performance

Shares of 51Talk Online Education Group stock opened at $6.79 on Tuesday. The business has a 50 day simple moving average of $6.84 and a two-hundred day simple moving average of $7.50. 51Talk Online Education Group has a 12 month low of $4.65 and a 12 month high of $9.24. The stock has a market capitalization of $38.23 million, a P/E ratio of -2.79 and a beta of -0.62.

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

Institutional Investors Weigh In On 51Talk Online Education Group

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Renaissance Technologies LLC increased its holdings in shares of 51Talk Online Education Group by 2.5% in the second quarter. Renaissance Technologies LLC now owns 290,500 shares of the company’s stock valued at $401,000 after purchasing an additional 7,000 shares during the last quarter. Envestnet Asset Management Inc. increased its holdings in shares of 51Talk Online Education Group by 193.2% in the first quarter. Envestnet Asset Management Inc. now owns 55,979 shares of the company’s stock valued at $98,000 after purchasing an additional 36,885 shares during the last quarter. Finally, UBS Group AG increased its holdings in shares of 51Talk Online Education Group by 179.1% in the fourth quarter. UBS Group AG now owns 7,836 shares of the company’s stock valued at $49,000 after purchasing an additional 5,028 shares during 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.