QuantaSing Group (NASDAQ:QSG) Shares Up 12.2% - Still a Buy?

QuantaSing Group Limited (NASDAQ:QSG - Get Free Report)'s stock price traded up 12.2% during mid-day trading on Tuesday . The stock traded as high as $7.30 and last traded at $7.06. 819,107 shares traded hands during mid-day trading, an increase of 104% from the average session volume of 401,050 shares. The stock had previously closed at $6.29.

QuantaSing Group Price Performance

The company has a market cap of $312.39 million, a price-to-earnings ratio of 6.16 and a beta of -1.48. The company's 50-day simple moving average is $5.53 and its 200-day simple moving average is $3.52.

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 (EPS) for the quarter, topping analysts' consensus estimates of $0.20 by $0.13. The business had revenue of $99.55 million during the quarter, compared to analyst estimates of $97.90 million. QuantaSing Group had a net margin of 10.67% and a return on equity of 88.29%. Equities analysts predict that QuantaSing Group Limited will post 0.71 EPS for the current fiscal year.

Institutional Trading of QuantaSing Group

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Geode Capital Management LLC bought a new stake in shares of QuantaSing Group in the fourth quarter worth $27,000. Acadian Asset Management LLC increased its stake in QuantaSing Group by 301.6% during the first 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 increased its stake in QuantaSing Group by 17.4% during the first 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. Finally, Millennium Management LLC increased its stake in QuantaSing Group by 173.5% during the fourth 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.

About QuantaSing Group

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.