Shares of QuantaSing Group Limited Unsponsored ADR (NASDAQ:QSG - Get Free Report) saw unusually-strong trading volume on Monday . Approximately 1,000,400 shares changed hands during trading, an increase of 98% from the previous session's volume of 506,384 shares.The stock last traded at $11.17 and had previously closed at $11.70.
Analysts Set New Price Targets
Several analysts have commented on the company. Citigroup upgraded QuantaSing Group from a "neutral" rating to a "buy" rating and increased their target price for the company from $6.10 to $9.52 in a research note on Tuesday, June 10th. Wall Street Zen downgraded QuantaSing Group from a "buy" rating to a "hold" rating in a report on Saturday, June 7th.
Get Our Latest Stock Analysis on QSG
QuantaSing Group Stock Down 12.2%
The firm's fifty day moving average price is $7.25 and its two-hundred day moving average price is $4.29. The stock has a market capitalization of $525.93 million, a PE ratio of 9.25 and a beta of -1.44.
Institutional Trading of QuantaSing Group
Large investors have recently added to or reduced their stakes in the business. Acadian Asset Management LLC grew its stake 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 acquiring an additional 69,963 shares in the last quarter. Millennium Management LLC boosted its holdings in shares of QuantaSing Group by 173.5% in the fourth quarter. Millennium Management LLC now owns 36,685 shares of the company's stock valued at $79,000 after purchasing an additional 23,272 shares during the period. Geode Capital Management LLC purchased a new stake in shares of QuantaSing Group in the 4th quarter worth approximately $27,000. Finally, NewEdge Advisors LLC grew its stake in 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 purchasing an additional 4,394 shares during the last quarter.
QuantaSing Group Company Profile
(
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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