51Talk Online Education Group (NYSE:COE) Posts Earnings Results

Key Points

• 51Talk Online Education Group reported a quarterly loss of ($0.52) earnings per share, reflecting ongoing financial challenges.
• The company's stock saw a noticeable increase of 3.8%, reaching $40.57, with significant trading volume compared to its average.
• JPMorgan Chase & Co. has increased its investment in 51Talk by 74.6%, now owning approximately 0.65% of the company's shares.

51Talk Online Education Group (NYSE:COE - Get Free Report) issued its quarterly earnings data on Wednesday. The company reported ($0.52) earnings per share (EPS) for the quarter, RTT News reports. During the same quarter in the previous year, the business posted ($0.22) EPS.

51Talk Online Education Group Stock Down 3.3%

Shares of NYSE:COE traded down $1.59 during midday trading on Monday, reaching $46.40. 23,680 shares of the company were exchanged, compared to its average volume of 14,716. 51Talk Online Education Group has a fifty-two week low of $12.98 and a fifty-two week high of $50.00. The stock has a fifty day simple moving average of $32.82 and a two-hundred day simple moving average of $25.08. The firm has a market cap of $271.30 million, a PE ratio of -25.92 and a beta of 0.16.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen cut shares of 51Talk Online Education Group from a "buy" rating to a "hold" rating in a research report on Sunday, May 18th.

Institutional Investors Weigh In On 51Talk Online Education Group

A hedge fund recently raised its stake in 51Talk Online Education Group stock. JPMorgan Chase & Co. increased its stake in shares of 51Talk Online Education Group (NYSE:COE - Free Report) by 74.6% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 37,802 shares of the company's stock after acquiring an additional 16,150 shares during the period. JPMorgan Chase & Co. owned about 0.65% of 51Talk Online Education Group worth $1,247,000 as of its most recent SEC filing.

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.