Shares of QuantaSing Group Limited (NASDAQ:QSG - Get Free Report) saw an uptick in trading volume on Thursday . 1,094,575 shares changed hands during mid-day trading, an increase of 149% from the previous session's volume of 440,243 shares.The stock last traded at $11.11 and had previously closed at $12.06.
Wall Street Analysts Forecast Growth
A number of equities analysts have issued reports on QSG shares. Wall Street Zen cut QuantaSing Group from a "buy" rating to a "hold" rating in a report on Saturday, June 7th. Citigroup raised QuantaSing Group from a "neutral" rating to a "buy" rating and upped their price objective for the stock from $6.10 to $9.52 in a research report on Tuesday, June 10th.
Check Out Our Latest Stock Analysis on QSG
QuantaSing Group Trading Down 4.9%
The company has a market capitalization of $560.77 million, a P/E ratio of 11.06 and a beta of -1.43. The firm's 50 day moving average price is $6.25 and its two-hundred day moving average price is $3.88.
Institutional Investors Weigh In On QuantaSing Group
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Geode Capital Management LLC acquired a new position in shares of QuantaSing Group during the 4th quarter worth about $27,000. Millennium Management LLC raised 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. NewEdge Advisors LLC raised its holdings in QuantaSing Group by 17.4% during the first quarter. NewEdge Advisors LLC now owns 29,636 shares of the company's stock worth $119,000 after acquiring an additional 4,394 shares in the last quarter. Finally, Acadian Asset Management LLC boosted its position in QuantaSing Group by 301.6% during the first 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 during the last quarter.
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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