Millennium Management LLC grew its position in shares of QuantaSing Group Limited Unsponsored ADR (NASDAQ:QSG - Free Report) by 173.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 36,685 shares of the company's stock after acquiring an additional 23,272 shares during the quarter. Millennium Management LLC owned about 0.07% of QuantaSing Group worth $79,000 at the end of the most recent quarter.
Separately, Geode Capital Management LLC purchased a new position in QuantaSing Group in the 4th quarter worth approximately $27,000.
Wall Street Analysts Forecast Growth
QSG has been the subject of a number of recent analyst reports. Wall Street Zen lowered shares of QuantaSing Group from a "buy" rating to a "hold" rating in a report on Saturday, June 7th. Citigroup upgraded QuantaSing Group from a "neutral" rating to a "buy" rating and upped their price objective for the company from $6.10 to $9.52 in a research note on Tuesday, June 10th.
Read Our Latest Report on QSG
QuantaSing Group Stock Performance
Shares of QuantaSing Group stock traded down $0.06 on Tuesday, reaching $13.08. 3,074,382 shares of the company were exchanged, compared to its average volume of 471,810. QuantaSing Group Limited Unsponsored ADR has a 1-year low of $1.50 and a 1-year high of $13.90. The firm has a market cap of $669.83 million, a price-to-earnings ratio of 11.78 and a beta of -1.43. The company's 50-day moving average is $6.61 and its two-hundred day moving average is $4.02.
QuantaSing Group Profile
(
Free Report)
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.
Further Reading
Before you consider QuantaSing Group, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and QuantaSing Group wasn't on the list.
While QuantaSing Group currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering what the next stocks will be that hit it big, with solid fundamentals? Enter your email address to see which stocks MarketBeat analysts could become the next blockbuster growth stocks.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
