QuantaSing Group Limited (NASDAQ:QSG - Get Free Report) shares hit a new 52-week high during trading on Tuesday . The stock traded as high as $13.20 and last traded at $13.14, with a volume of 2617022 shares trading hands. The stock had previously closed at $10.95.
Analyst Ratings Changes
A number of equities research analysts have weighed in on QSG shares. Citigroup raised QuantaSing Group from a "neutral" rating to a "buy" rating and raised their target price for the company from $6.10 to $9.52 in a report on Tuesday, June 10th. Wall Street Zen cut QuantaSing Group from a "buy" rating to a "hold" rating in a research report on Saturday, June 7th.
Check Out Our Latest Stock Report on QuantaSing Group
QuantaSing Group Trading Up 20.0%
The firm has a market capitalization of $672.93 million, a price-to-earnings ratio of 13.27 and a beta of -1.43. The stock's 50-day moving average is $6.43 and its 200-day moving average is $3.96.
Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of QSG. Millennium Management LLC boosted its holdings in shares of QuantaSing Group by 173.5% during the 4th quarter. Millennium Management LLC now owns 36,685 shares of the company's stock valued at $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 valued at about $27,000. Acadian Asset Management LLC grew its holdings in shares of QuantaSing Group by 301.6% during the first quarter. Acadian Asset Management LLC now owns 93,158 shares of the company's stock worth $369,000 after purchasing an additional 69,963 shares during the last quarter. Finally, NewEdge Advisors LLC increased its stake in shares of QuantaSing Group by 17.4% in the first quarter. NewEdge Advisors LLC now owns 29,636 shares of the company's stock valued at $119,000 after buying 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.
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