QuantaSing Group Limited Unsponsored ADR (NASDAQ:QSG - Get Free Report) shares gapped down before the market opened on Friday . The stock had previously closed at $13.49, but opened at $12.50. QuantaSing Group shares last traded at $12.74, with a volume of 1,128,279 shares.
Analyst Ratings Changes
A number of research analysts have recently issued reports on QSG shares. Wall Street Zen cut shares of QuantaSing Group from a "buy" rating to a "hold" rating in a report on Saturday, June 7th. Citigroup raised shares of QuantaSing Group from a "neutral" rating to a "buy" rating and raised their price target for the company from $6.10 to $9.52 in a research report on Tuesday, June 10th.
Get Our Latest Stock Analysis on QSG
QuantaSing Group Stock Down 12.2%
The company has a 50-day moving average of $7.13 and a 200-day moving average of $4.24. The company has a market cap of $525.93 million, a PE ratio of 9.25 and a beta of -1.44.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Millennium Management LLC grew 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 acquiring an additional 23,272 shares in the last quarter. Geode Capital Management LLC purchased a new position in QuantaSing Group in the fourth quarter worth $27,000. Acadian Asset Management LLC grew its stake in QuantaSing Group by 301.6% in 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 during the period. Finally, NewEdge Advisors LLC increased its position in shares of QuantaSing Group by 17.4% during 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 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.
Further Reading
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