Caitong International Asset Management Co. Ltd Invests $484,000 in QuantaSing Group Limited Unsponsored ADR $QSG

Key Points

• Caitong International Asset Management Co. Ltd invested approximately $484,000 in QuantaSing Group Limited, acquiring 51,214 shares during the 2nd quarter.
• Analysts have mixed views on QuantaSing Group, with a current consensus rating of Moderate Buy and a target price of $9.52.
• QuantaSing reported an EPS of $0.27 for the last quarter, exceeding analysts' expectations, and had a revenue of $86.25 million.

Caitong International Asset Management Co. Ltd purchased a new position in QuantaSing Group Limited Unsponsored ADR (NASDAQ:QSG - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 51,214 shares of the company's stock, valued at approximately $484,000. Caitong International Asset Management Co. Ltd owned approximately 0.10% of QuantaSing Group at the end of the most recent quarter.

Separately, Acadian Asset Management LLC lifted its stake in shares of QuantaSing Group by 301.6% in the first quarter. Acadian Asset Management LLC now owns 93,158 shares of the company's stock worth $369,000 after buying an additional 69,963 shares in the last quarter.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Weiss Ratings reissued a "hold (c)" rating on shares of QuantaSing Group in a research note on Wednesday, October 8th. Wall Street Zen downgraded shares of QuantaSing Group from a "buy" rating to a "hold" rating in a research note on Sunday, July 6th. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $9.52.

QuantaSing Group Price Performance

Shares of QSG stock opened at $7.72 on Friday. The firm's 50-day moving average is $8.41 and its two-hundred day moving average is $7.94. QuantaSing Group Limited Unsponsored ADR has a 12 month low of $1.60 and a 12 month high of $15.64. The company has a market capitalization of $395.36 million, a PE ratio of 8.58 and a beta of -0.95.

QuantaSing Group (NASDAQ:QSG - Get Free Report) last issued its earnings results on Wednesday, September 17th. The company reported $0.27 EPS for the quarter, topping analysts' consensus estimates of $0.15 by $0.12. QuantaSing Group had a net margin of 13.13% and a return on equity of 47.31%. The company had revenue of $86.25 million for the quarter. Sell-side analysts forecast that QuantaSing Group Limited Unsponsored ADR will post 0.71 EPS for the current year.

QuantaSing Group Company Profile

QuantaSing Group Limited provides online learning services in the People's Republic of China. The company offers online courses, including financial literacy, short-video production, personal well-being, electronic keyboard, and meditation courses. It also offers marketing and enterprise talent management services to enterprise customers.

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