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

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

51Talk Online Education Group Stock Down 3.5 %

Shares of COE opened at $6.55 on Tuesday. 51Talk Online Education Group has a 12-month low of $4.65 and a 12-month high of $9.24. The firm has a market capitalization of $36.88 million, a price-to-earnings ratio of -2.70 and a beta of -0.62. The stock’s 50-day moving average price is $6.83 and its 200 day moving average price is $7.50.

51Talk Online Education Group (NYSE:COE) last released its quarterly earnings data 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 company had revenue of $7.66 million during the quarter.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of COE. Renaissance Technologies LLC lifted its stake in shares of 51Talk Online Education Group by 2.5% in 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 during the period. Envestnet Asset Management Inc. lifted its stake in shares of 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 valued at $98,000 after purchasing an additional 36,885 shares during the period. Finally, UBS Group AG lifted its stake in shares of 51Talk Online Education Group by 179.1% in 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 during the period.

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.