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

Posted by on Jun 17th, 2023

StockNews.com began coverage on shares of 51Talk Online Education Group (NYSE:COE – Get Rating) in a note issued to investors on Saturday. The firm set a “hold” rating on the stock.

Separately, TheStreet cut 51Talk Online Education Group from a “c-” rating to a “d” rating in a research note on Friday, March 31st.

51Talk Online Education Group Price Performance

Shares of COE opened at $6.67 on Friday. The business’s fifty day moving average price is $5.93 and its 200 day moving average price is $6.04. 51Talk Online Education Group has a 12-month low of $4.40 and a 12-month high of $9.08. The stock has a market capitalization of $37.09 million, a PE ratio of -1.68 and a beta of -0.68.

51Talk Online Education Group (NYSE:COE – Get Rating) last announced its quarterly earnings data on Wednesday, March 29th. The company reported ($0.36) earnings per share (EPS) for the quarter. 51Talk Online Education Group had a negative return on equity of 152.30% and a negative net margin of 118.51%. The firm had revenue of $5.05 million for the quarter.

Hedge Funds Weigh In On 51Talk Online Education Group

Several institutional investors have recently modified their holdings of COE. UBS Group AG increased its position in 51Talk Online Education Group by 179.1% in the 4th quarter. UBS Group AG now owns 7,836 shares of the company’s stock valued at $49,000 after acquiring an additional 5,028 shares during the period. Envestnet Asset Management Inc. lifted its stake in shares of 51Talk Online Education Group by 193.2% in the 1st quarter. Envestnet Asset Management Inc. now owns 55,979 shares of the company’s stock worth $98,000 after acquiring an additional 36,885 shares during the period. Finally, Renaissance Technologies LLC lifted its stake in shares of 51Talk Online Education Group by 2.5% in the 2nd quarter. Renaissance Technologies LLC now owns 290,500 shares of the company’s stock worth $401,000 after acquiring an additional 7,000 shares during the period. Institutional investors own 15.39% of the company’s stock.

About 51Talk Online Education Group

(Get Rating)

51Talk Online Education Group engages in the operation of an online education platform in China. It operates under the China and Philippines geographical segments. Its online and mobile education platforms enable students across China to take live interactive english lessons with overseas foreign teachers on demand.

Read More

Receive News & Ratings for 51Talk Online Education Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for 51Talk Online Education Group and related companies with MarketBeat.com's FREE daily email newsletter.