51Talk Online Education Group (NYSE:COE) Coverage Initiated by Analysts at StockNews.com

Investment analysts at StockNews.com initiated coverage on shares of 51Talk Online Education Group (NYSE:COE) in a research note issued on Tuesday. The firm set a “hold” rating on the stock.

51Talk Online Education Group Trading Up 3.7 %

NYSE:COE opened at $6.75 on Tuesday. The stock has a market capitalization of $38.00 million, a price-to-earnings ratio of -2.78 and a beta of -0.62. The firm has a fifty day simple moving average of $6.84 and a two-hundred day simple moving average of $7.52. 51Talk Online Education Group has a 12 month low of $4.65 and a 12 month high of $9.24.

51Talk Online Education Group (NYSE:COE) last posted its quarterly earnings results on Friday, March 22nd. The company reported ($0.81) EPS for the quarter. The company had revenue of $7.66 million during the quarter. 51Talk Online Education Group had a negative return on equity of 463.20% and a negative net margin of 50.47%.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. UBS Group AG lifted its stake 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 buying an additional 5,028 shares in the last quarter. Envestnet Asset Management Inc. lifted 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 valued at $98,000 after purchasing an additional 36,885 shares in the last quarter. Finally, Renaissance Technologies LLC lifted 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 valued at $401,000 after purchasing an additional 7,000 shares in the last quarter.

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.