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QuantaSing Group (NASDAQ:QSG) Upgraded at Citigroup

QuantaSing Group logo with Consumer Discretionary background

Citigroup upgraded shares of QuantaSing Group (NASDAQ:QSG - Free Report) from a neutral rating to a buy rating in a research report report published on Tuesday morning, MarketBeat Ratings reports. Citigroup currently has $9.52 target price on the stock, up from their previous target price of $6.10.

Separately, Wall Street Zen downgraded QuantaSing Group from a "buy" rating to a "hold" rating in a research note on Saturday, June 7th.

Check Out Our Latest Stock Analysis on QuantaSing Group

QuantaSing Group Trading Down 4.9%

Shares of QSG stock traded down $0.56 during trading on Tuesday, reaching $10.95. 1,048,906 shares of the company's stock traded hands, compared to its average volume of 450,286. The firm's 50-day moving average is $6.25 and its 200 day moving average is $3.87. The company has a market capitalization of $560.77 million, a P/E ratio of 11.06 and a beta of -1.43. QuantaSing Group has a 1 year low of $1.47 and a 1 year high of $12.78.

QuantaSing Group (NASDAQ:QSG - Get Free Report) last posted its earnings results on Tuesday, March 11th. The company reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.13. QuantaSing Group had a return on equity of 88.29% and a net margin of 10.67%. The firm had revenue of $99.55 million for the quarter, compared to the consensus estimate of $97.90 million. As a group, sell-side analysts predict that QuantaSing Group will post 0.71 earnings per share for the current fiscal year.

Institutional Trading of QuantaSing Group

Hedge funds and other institutional investors have recently bought and sold shares of the company. NewEdge Advisors LLC grew 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 purchasing an additional 4,394 shares in the last quarter. Geode Capital Management LLC purchased a new stake in shares of QuantaSing Group in the fourth quarter worth $27,000. Millennium Management LLC boosted 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 buying an additional 23,272 shares during the period. Finally, Acadian Asset Management LLC grew its position in QuantaSing Group by 301.6% during the first quarter. Acadian Asset Management LLC now owns 93,158 shares of the company's stock worth $369,000 after buying 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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