51Talk Online Education Group (NYSE:COE) Shares Up 2.4% – Should You Buy?

51Talk Online Education Group (NYSE:COE) shares traded up 2.4% during trading on Monday . The stock traded as high as $33.92 and last traded at $32.96. 12,290 shares were traded during trading, a decline of 12% from the average session volume of 13,934 shares. The stock had previously closed at $32.20.

51Talk Online Education Group Stock Up 2.4%

The firm has a market capitalization of $192.72 million, a P/E ratio of -18.41 and a beta of 0.27. The firm has a 50 day moving average of $41.73 and a 200-day moving average of $38.25.

51Talk Online Education Group (NYSE:COE) last posted its quarterly earnings data on Monday, December 8th. The company reported ($0.80) EPS for the quarter. During the same period in the previous year, the company posted ($0.11) earnings per share.

51Talk Online Education Group declared that its Board of Directors has approved a share buyback program on Monday, December 8th that authorizes the company to repurchase $0.00 in outstanding shares. This repurchase authorization authorizes the company to buy shares of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s board believes its shares are undervalued.

Institutional Investors Weigh In On 51Talk Online Education Group

An institutional investor recently raised its position in 51Talk Online Education Group stock. JPMorgan Chase & Co. boosted its position in shares of 51Talk Online Education Group (NYSE:COE) by 74.6% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 37,802 shares of the company’s stock after buying an additional 16,150 shares during the period. 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 (NYSE: COE) operates as an online English language learning platform, offering live one-on-one and small group instruction to students. The company leverages a proprietary digital classroom that connects learners predominantly in Mainland China with international instructors, primarily based in the Philippines. Its core offerings focus on English proficiency training for children and adults, covering general conversational skills, exam preparation, and business English.

The company’s service portfolio includes tailored course packages for different age groups, such as preschool learners, primary and secondary school students, and adult professionals.