51Talk Online Education Group (NYSE:COE) Earns Hold Rating from Analysts at StockNews.com

Posted by on Jun 25th, 2023

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

Separately, TheStreet downgraded 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

NYSE:COE opened at $6.99 on Friday. 51Talk Online Education Group has a 12 month low of $4.40 and a 12 month high of $9.08. The firm has a market capitalization of $38.86 million, a PE ratio of -1.76 and a beta of -0.68. The business’s 50-day moving average is $6.07 and its two-hundred day moving average is $6.04.

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

Institutional Investors Weigh In On 51Talk Online Education Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. 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 buying an additional 7,000 shares in the last quarter. Envestnet Asset Management Inc. lifted 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 in the last quarter. Finally, UBS Group AG lifted 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 in the last quarter. Institutional investors own 14.60% of the company’s stock.

About 51Talk Online Education Group

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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.

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