51Talk Online Education Group (NYSE:COE) Receives New Coverage from Analysts at StockNews.com

Analysts at StockNews.com began coverage on shares of 51Talk Online Education Group (NYSE:COEGet Rating) in a research note issued to investors on Monday. The brokerage set a “hold” rating on the stock.

51Talk Online Education Group Trading Up 2.4 %

COE opened at $1.72 on Monday. 51Talk Online Education Group has a 12 month low of $0.76 and a 12 month high of $2.27. The stock has a 50-day moving average of $1.81 and a 200 day moving average of $1.54. The firm has a market cap of $38.25 million, a P/E ratio of -2.26 and a beta of -0.73.

51Talk Online Education Group (NYSE:COEGet Rating) last posted its quarterly earnings results on Tuesday, August 30th. The company reported ($0.20) earnings per share for the quarter. The firm had revenue of $3.53 million for the quarter.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. Mercer Global Advisors Inc. ADV raised its holdings in shares of 51Talk Online Education Group by 219.3% in the 1st quarter. Mercer Global Advisors Inc. ADV now owns 53,080 shares of the company’s stock valued at $93,000 after purchasing an additional 36,455 shares in the last quarter. Envestnet Asset Management Inc. grew its position 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 purchasing an additional 36,885 shares during the last quarter. Finally, Renaissance Technologies LLC grew its position 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 purchasing an additional 7,000 shares during the last quarter. Institutional investors and hedge funds own 15.49% of the company’s stock.

About 51Talk Online Education Group

(Get Rating)

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 lessons with international teachers.

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