QuantaSing Group Limited (NASDAQ:QSG - Get Free Report) shares hit a new 52-week high during trading on Tuesday . The company traded as high as $9.90 and last traded at $9.78, with a volume of 5456048 shares traded. The stock had previously closed at $6.95.
Analyst Upgrades and Downgrades
A number of research analysts recently weighed in on the stock. Citigroup upgraded shares of QuantaSing Group from a "neutral" rating to a "buy" rating and lifted their target price for the company from $6.10 to $9.52 in a research note on Tuesday. Wall Street Zen cut QuantaSing Group from a "buy" rating to a "hold" rating in a report on Saturday, June 7th.
Check Out Our Latest Analysis on QuantaSing Group
QuantaSing Group Trading Down 4.9%
The company has a 50-day simple moving average of $6.11 and a 200 day simple moving average of $3.82. The company has a market cap of $560.77 million, a P/E ratio of 11.06 and a beta of -1.43.
QuantaSing Group (NASDAQ:QSG - Get Free Report) last announced its quarterly earnings data on Tuesday, March 11th. The company reported $0.33 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to analysts' expectations of $97.90 million. On average, equities analysts forecast that QuantaSing Group Limited will post 0.71 EPS for the current fiscal year.
Institutional Investors Weigh In On QuantaSing Group
Institutional investors have recently added to or reduced their stakes in the business. Geode Capital Management LLC purchased a new stake in QuantaSing Group during the 4th quarter valued at about $27,000. NewEdge Advisors LLC raised its holdings in shares of 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 purchasing an additional 4,394 shares during the last quarter. Millennium Management LLC boosted its holdings in 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 last quarter. Finally, Acadian Asset Management LLC grew its position in QuantaSing Group by 301.6% during the 1st 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 period.
QuantaSing Group Company Profile
(
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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.
Further Reading
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