Millennium Management LLC Purchases 23,272 Shares of QuantaSing Group Limited (NASDAQ:QSG)

Millennium Management LLC grew its holdings in shares of QuantaSing Group Limited (NASDAQ:QSG - Free Report) by 173.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 36,685 shares of the company's stock after acquiring an additional 23,272 shares during the quarter. Millennium Management LLC owned 0.07% of QuantaSing Group worth $79,000 at the end of the most recent quarter.

Separately, Geode Capital Management LLC acquired a new position in QuantaSing Group during the fourth quarter worth about $27,000.

QuantaSing Group Trading Down 4.9%

Shares of NASDAQ QSG opened at $10.95 on Friday. The stock has a 50-day moving average price of $6.25 and a two-hundred day moving average price of $3.87. QuantaSing Group Limited has a 12 month low of $1.47 and a 12 month high of $12.78. The company has a market cap of $560.77 million, a price-to-earnings ratio of 11.06 and a beta of -1.43.

QuantaSing Group (NASDAQ:QSG - Get Free Report) last released its quarterly earnings data on Tuesday, March 11th. The company reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.13. QuantaSing Group had a return on equity of 88.29% and a net margin of 10.67%. The company had revenue of $99.55 million during the quarter, compared to the consensus estimate of $97.90 million. On average, sell-side analysts predict that QuantaSing Group Limited will post 0.71 earnings per share for the current year.

Wall Street Analysts Forecast Growth

QSG has been the subject of several research analyst reports. Wall Street Zen downgraded QuantaSing Group from a "buy" rating to a "hold" rating in a research note on Saturday, June 7th. Citigroup raised QuantaSing Group from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $6.10 to $9.52 in a research note on Tuesday.

About QuantaSing Group

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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