QuantaSing Group Limited Unsponsored ADR (NASDAQ:QSG - Get Free Report) gapped up prior to trading on Wednesday . The stock had previously closed at $13.08, but opened at $13.88. QuantaSing Group shares last traded at $15.02, with a volume of 1,106,387 shares traded.
Analyst Upgrades and Downgrades
A number of brokerages have recently weighed in on QSG. Wall Street Zen downgraded QuantaSing Group from a "buy" rating to a "hold" rating in a report on Saturday, June 7th. Citigroup upgraded QuantaSing Group from a "neutral" rating to a "buy" rating and lifted their price target for the company from $6.10 to $9.52 in a report on Tuesday, June 10th.
Check Out Our Latest Analysis on QSG
QuantaSing Group Trading Down 13.3%
The firm has a 50-day moving average of $7.13 and a two-hundred day moving average of $4.22. The firm has a market cap of $599.16 million, a price-to-earnings ratio of 10.54 and a beta of -1.43.
Institutional Investors Weigh In On QuantaSing Group
A number of large investors have recently bought and sold shares of QSG. Geode Capital Management LLC bought a new position in QuantaSing Group during the 4th quarter worth about $27,000. NewEdge Advisors LLC grew its holdings in shares of 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 in the last quarter. Millennium Management LLC grew its holdings in shares of 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 acquiring an additional 23,272 shares in the last quarter. Finally, Acadian Asset Management LLC grew its holdings in shares of 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 in 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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