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

StockNews.com assumed coverage on shares of 51Talk Online Education Group (NYSE:COE) in a research report sent to investors on Monday. The brokerage issued a hold rating on the stock.

51Talk Online Education Group Price Performance

Shares of COE stock opened at $6.94 on Monday. The stock has a fifty day moving average price of $6.88 and a 200 day moving average price of $7.59. 51Talk Online Education Group has a one year low of $4.65 and a one year high of $9.24. The stock has a market cap of $39.07 million, a P/E ratio of -2.80 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) earnings per share 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 business had revenue of $7.66 million during the quarter.

Hedge Funds Weigh In On 51Talk Online Education Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in COE. UBS Group AG lifted its holdings in shares of 51Talk Online Education Group by 179.1% during the 4th 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. Renaissance Technologies LLC lifted its holdings in shares of 51Talk Online Education Group by 2.5% during the 2nd 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 in the last quarter. Finally, Envestnet Asset Management Inc. lifted its holdings in shares of 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 valued at $98,000 after purchasing an additional 36,885 shares in the last quarter.

51Talk Online Education Group Company Profile

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.