Wall Street Zen upgraded shares of QuantaSing Group (NASDAQ:QSG - Free Report) from a hold rating to a buy rating in a report released on Saturday morning.
Separately, Citigroup raised QuantaSing Group from a "neutral" rating to a "buy" rating and lifted their price objective for the stock from $6.10 to $9.52 in a research note on Tuesday, June 10th.
Check Out Our Latest Stock Report on QSG
QuantaSing Group Price Performance
Shares of NASDAQ QSG traded up $0.17 during midday trading on Friday, hitting $9.62. The stock had a trading volume of 2,147,311 shares, compared to its average volume of 560,559. The firm has a market cap of $492.64 million, a P/E ratio of 8.67 and a beta of -0.97. QuantaSing Group has a fifty-two week low of $1.50 and a fifty-two week high of $15.64. The company's 50-day simple moving average is $7.85 and its 200 day simple moving average is $4.55.
Institutional Trading of QuantaSing Group
A number of hedge funds have recently modified their holdings of the company. Millennium Management LLC lifted its holdings in QuantaSing Group by 173.5% during the fourth quarter. Millennium Management LLC now owns 36,685 shares of the company's stock worth $79,000 after acquiring an additional 23,272 shares in the last quarter. Geode Capital Management LLC acquired a new stake in shares of QuantaSing Group during the fourth quarter worth about $27,000. Acadian Asset Management LLC lifted its holdings in shares of QuantaSing Group by 301.6% during the 1st quarter. Acadian Asset Management LLC now owns 93,158 shares of the company's stock valued at $369,000 after purchasing an additional 69,963 shares in the last quarter. Finally, NewEdge Advisors LLC grew its position in shares of QuantaSing Group by 17.4% in the 1st quarter. NewEdge Advisors LLC now owns 29,636 shares of the company's stock valued at $119,000 after purchasing an additional 4,394 shares during the period.
About QuantaSing Group
(
Get 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.
Featured Stories
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
Enter your email address and we'll send you MarketBeat's guide to investing in 5G and which 5G stocks show the most promise.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
