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

Research analysts at StockNews.com assumed coverage on shares of 51Talk Online Education Group (NYSE:COE – Get Rating) in a research report issued on Wednesday. The firm set a “hold” rating on the stock.

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

51Talk Online Education Group Price Performance

NYSE:COE opened at $6.21 on Wednesday. 51Talk Online Education Group has a fifty-two week low of $4.12 and a fifty-two week high of $9.08. The stock’s 50-day moving average is $5.70 and its two-hundred day moving average is $6.11. The stock has a market cap of $34.53 million, a PE ratio of -1.56 and a beta of -0.67.

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

Institutional Investors Weigh In On 51Talk Online Education Group

Several institutional investors have recently made changes to their positions in COE. UBS Group AG lifted its holdings 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 worth $49,000 after purchasing an additional 5,028 shares during the last quarter. Renaissance Technologies LLC lifted its holdings in 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 purchasing an additional 7,000 shares during the last quarter. Finally, Envestnet Asset Management Inc. lifted its holdings in 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 purchasing an additional 36,885 shares during the last quarter. 15.39% of the stock is currently owned by institutional investors and hedge funds.

About 51Talk Online Education Group

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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.