QuantaSing Group Limited (NASDAQ:QSG - Get Free Report)'s stock price gapped up before the market opened on Wednesday . The stock had previously closed at $9.24, but opened at $10.05. QuantaSing Group shares last traded at $11.14, with a volume of 1,845,446 shares traded.
Analyst Ratings Changes
A number of brokerages have issued reports on QSG. Wall Street Zen lowered shares of QuantaSing Group from a "buy" rating to a "hold" rating in a research report on Saturday, June 7th. Citigroup raised shares of QuantaSing Group from a "neutral" rating to a "buy" rating and upped their price target for the stock from $6.10 to $9.52 in a report on Tuesday.
Read Our Latest Report on QSG
QuantaSing Group Stock Performance
The stock's fifty day moving average price is $6.25 and its two-hundred day moving average price is $3.88. 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 issued its quarterly earnings results on Tuesday, March 11th. The company reported $0.33 earnings per share for the quarter, topping analysts' consensus estimates of $0.20 by $0.13. QuantaSing Group had a net margin of 10.67% and a return on equity of 88.29%. The company had revenue of $99.55 million during the quarter, compared to the consensus estimate of $97.90 million. On average, equities research analysts forecast that QuantaSing Group Limited will post 0.71 EPS for the current year.
Hedge Funds Weigh In On QuantaSing Group
Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Acadian Asset Management LLC lifted 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 last quarter. NewEdge Advisors LLC lifted its stake 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 purchasing an additional 4,394 shares during the last quarter. 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. Finally, Geode Capital Management LLC bought a new position in QuantaSing Group in the 4th quarter valued at approximately $27,000.
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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