Shares of 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.
Wall Street Analyst Weigh In
Several equities research analysts recently weighed in on QSG shares. 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. Wall Street Zen downgraded shares of QuantaSing Group from a "buy" rating to a "hold" rating in a report on Saturday, June 7th.
Get Our Latest Analysis on QuantaSing Group
QuantaSing Group Stock Up 5.2%
The stock's 50-day simple moving average is $6.61 and its 200 day simple moving average is $4.02. The company has a market cap of $704.85 million, a price-to-earnings ratio of 12.46 and a beta of -1.43.
Institutional Trading of QuantaSing Group
Several large investors have recently bought and sold shares of the company. Acadian Asset Management LLC raised its stake 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 purchasing an additional 69,963 shares in the last quarter. Millennium Management LLC grew its holdings in QuantaSing Group by 173.5% during the fourth quarter. Millennium Management LLC now owns 36,685 shares of the company's stock worth $79,000 after acquiring an additional 23,272 shares during the period. Geode Capital Management LLC acquired a new stake in QuantaSing Group during the fourth quarter valued at approximately $27,000. Finally, 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 worth $119,000 after acquiring an additional 4,394 shares during the last quarter.
About QuantaSing Group
(
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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