51Talk Online Education Group Announces New Share Repurchase Program
51Talk Online Education Group (NYSE American: COE) said its board authorized a new share repurchase program to buy up to US$10 million of its shares (including ADSs) over the next 12 months, ending December 7, 2026.
Rhea-AI Summary
51Talk Online Education Group (NYSE American: COE) said its board authorized a new share repurchase program to buy up to US$10 million of its shares (including ADSs) over the next 12 months, ending December 7, 2026.
Repurchases may be made on the open market, in privately negotiated transactions, block trades or other legally permissible means, and are expected to be funded from the company’s existing cash balance.
Positive
- Board authorized repurchase up to US$10 million
- Repurchase period ends on December 7, 2026
- Repurchases may be executed via open market or private trades
- Company expects to fund repurchases from existing cash balance
Negative
- Uses existing cash balance for repurchases, reducing cash reserves
- No percentage of outstanding shares specified, limiting impact visibility
Details
News Market Reaction – COE
In the Dec 8 session, COE declined 12.20%, reflecting a significant negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
- Buyback authorization
- US$10 million
- Maximum value under new share repurchase program
- Program duration
- 12 months
- Repurchases may occur through December 7, 2026
- Current share price
- $41.24
- Pre-buyback-announcement price context
- 52-week range
- $12.98 – $56.13
- Low and high prior to buyback news
Historical Context
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Q3 2025 earnings release date and conference call details announced.
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Appointment of Ernst & Young LLP as new independent auditor.
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Q2 2025 results with strong revenue, billings and student growth.
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Announcement of Q2 2025 earnings release timing and call.
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Sidoti virtual investor conference participation and presentation schedule.
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Key Terms
block trades technical
AI-generated analysis. How Rhea-AI works. Not financial advice.
The share repurchases may be effected from time to time on the open market at prevailing market prices, in privately negotiated transactions, in block trades and/or through other legally permissible means, depending on market conditions, and will be implemented in accordance with applicable rules and regulations. The Company expects to fund the repurchases out of its existing cash balance.
Safe Harbor Statement
This press release contains statements that may constitute "forward-looking" statements which are made pursuant to the "safe harbor" provisions of the
About 51Talk Online Education Group
51Talk Online Education Group (NYSE American: COE) is a global online education platform with core expertise in English education. The Company's mission is to make quality education accessible and affordable. The Company's online and mobile education platforms enable students to take live interactive English lessons on demand. The Company connects its students with highly qualified teachers using a shared economy approach, and employs student and teacher feedback and data analytics to deliver a personalized learning experience to its students.
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SOURCE 51Talk Online Education Group