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

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

51Talk Online Education Group Stock Up 2.0 %

Shares of COE opened at $8.98 on Tuesday. The business’s 50 day moving average price is $8.26 and its 200-day moving average price is $6.79. 51Talk Online Education Group has a 52 week low of $4.40 and a 52 week high of $9.24. The stock has a market cap of $50.56 million, a P/E ratio of -4.99 and a beta of -0.49.

51Talk Online Education Group (NYSE:COE) last released its quarterly earnings data on Friday, August 25th. The company reported ($0.51) earnings per share (EPS) for the quarter. The business had revenue of $6.26 million during the quarter. 51Talk Online Education Group had a negative net margin of 47.11% and a negative return on equity of 194.32%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Envestnet Asset Management Inc. increased its position in shares of 51Talk Online Education Group by 193.2% during the first 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. Renaissance Technologies LLC increased its position in shares of 51Talk Online Education Group by 2.5% during the second 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. Finally, UBS Group AG increased its position in shares of 51Talk Online Education Group by 179.1% during the fourth quarter. UBS Group AG now owns 7,836 shares of the company’s stock worth $49,000 after acquiring an additional 5,028 shares during the period. Institutional investors own 14.60% of the company’s stock.

About 51Talk Online Education Group

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.