51Talk Online Education Group (NYSE:COE) Shares Up 11.5% - Time to Buy?

Key Points

• 51Talk Online Education Group's shares increased by 11.5% during trading, closing at $39.60, significantly rising from a previous close of $35.52.
• Analyst ratings have shown a downgrade, with Wall Street Zen changing its recommendation from "buy" to "hold" on May 18th.
• Institutional investor JPMorgan Chase & Co. raised its position in 51Talk by 74.6%, acquiring an additional 16,150 shares in the second quarter.

51Talk Online Education Group (NYSE:COE - Get Free Report) was up 11.5% during trading on Tuesday . The stock traded as high as $41.35 and last traded at $39.60. Approximately 45,212 shares traded hands during trading, an increase of 213% from the average daily volume of 14,422 shares. The stock had previously closed at $35.52.

Analyst Ratings Changes

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

51Talk Online Education Group Stock Up 11.5%

The firm has a market cap of $231.54 million, a price-to-earnings ratio of -22.12 and a beta of 0.04. The business has a 50 day moving average of $31.87 and a 200 day moving average of $24.37.

51Talk Online Education Group (NYSE:COE - Get Free Report) last announced its earnings results on Monday, June 9th. The company reported ($0.25) earnings per share for the quarter. During the same quarter in the previous year, the business earned ($0.69) EPS.

Hedge Funds Weigh In On 51Talk Online Education Group

An institutional investor recently raised its position in 51Talk Online Education Group stock. JPMorgan Chase & Co. raised its holdings in 51Talk Online Education Group (NYSE:COE - Free Report) by 74.6% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 37,802 shares of the company's stock after buying an additional 16,150 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.65% of 51Talk Online Education Group worth $1,247,000 at the end of the most recent 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.

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