QuantaSing Group Limited Unsponsored ADR (NASDAQ:QSG - Get Free Report) gapped up before the market opened on Tuesday . The stock had previously closed at $8.77, but opened at $9.43. QuantaSing Group shares last traded at $10.33, with a volume of 835,002 shares traded.
Wall Street Analysts Forecast Growth
Several equities research analysts recently commented on the stock. Citigroup raised shares of QuantaSing Group from a "neutral" rating to a "buy" rating and boosted their price objective for the company from $6.10 to $9.52 in a research report on Tuesday, June 10th. Wall Street Zen lowered shares of QuantaSing Group from a "buy" rating to a "hold" rating in a research report on Sunday, July 6th.
Check Out Our Latest Report on QuantaSing Group
QuantaSing Group Stock Performance
The firm has a market cap of $506.47 million, a P/E ratio of 8.91 and a beta of -0.96. The company's 50 day moving average is $8.72 and its 200 day moving average is $5.19.
Hedge Funds Weigh In On QuantaSing Group
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Millennium Management LLC lifted its stake in QuantaSing Group by 173.5% in the 4th 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. Geode Capital Management LLC acquired a new position in QuantaSing Group in the 4th quarter valued at approximately $27,000. Acadian Asset Management LLC increased its position 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 acquiring an additional 69,963 shares during the period. Finally, NewEdge Advisors LLC increased its position in QuantaSing Group by 17.4% in the 1st quarter. NewEdge Advisors LLC now owns 29,636 shares of the company's stock valued at $119,000 after acquiring an additional 4,394 shares during the period.
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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