QuantaSing Group Limited (NASDAQ:QSG - Get Free Report) rose 9% on Monday . The stock traded as high as $12.51 and last traded at $11.93. Approximately 888,599 shares changed hands during mid-day trading, an increase of 96% from the average daily volume of 454,225 shares. The stock had previously closed at $10.95.
Wall Street Analyst Weigh In
Several equities analysts have commented on the stock. Citigroup upgraded shares of QuantaSing Group from a "neutral" rating to a "buy" rating and increased their price target for the company from $6.10 to $9.52 in a research note 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 Saturday, June 7th.
Read Our Latest Stock Report on QSG
QuantaSing Group Stock Performance
The firm has a market cap of $655.46 million, a PE ratio of 12.91 and a beta of -1.43. The stock has a fifty day moving average price of $6.25 and a 200-day moving average price of $3.88.
Institutional Trading of QuantaSing Group
A number of institutional investors have recently modified their holdings of the company. Millennium Management LLC boosted its holdings in QuantaSing Group by 173.5% in the 4th 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 position in shares of QuantaSing Group in the 4th quarter valued at approximately $27,000. Acadian Asset Management LLC raised its position 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. Finally, NewEdge Advisors LLC raised its position in shares of QuantaSing Group by 17.4% during 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.
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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