Citigroup upgraded shares of QuantaSing Group (NASDAQ:QSG - Free Report) from a neutral rating to a buy rating in a research note issued to investors 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 cut QuantaSing Group from a "buy" rating to a "hold" rating in a research report on Saturday.
Get Our Latest Stock Analysis on QuantaSing Group
QuantaSing Group Stock Performance
Shares of QSG traded up $2.29 during mid-day trading on Tuesday, hitting $9.24. The company's stock had a trading volume of 5,852,313 shares, compared to its average volume of 441,790. The stock's 50-day moving average is $5.73 and its two-hundred day moving average is $3.66. The firm has a market capitalization of $473.20 million, a PE ratio of 9.33 and a beta of -1.43. QuantaSing Group has a one year low of $1.47 and a one year high of $9.84.
QuantaSing Group (NASDAQ:QSG - Get Free Report) last released its earnings results on Tuesday, March 11th. The company reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.13. QuantaSing Group had a net margin of 10.67% and a return on equity of 88.29%. The business had revenue of $99.55 million during the quarter, compared to analysts' expectations of $97.90 million. Analysts expect that QuantaSing Group will post 0.71 EPS for the current fiscal year.
Institutional Investors Weigh In On QuantaSing Group
A number of institutional investors have recently added to or reduced their stakes in the stock. NewEdge Advisors LLC lifted 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 worth $119,000 after buying an additional 4,394 shares during the period. Geode Capital Management LLC acquired a new stake in shares of QuantaSing Group in the 4th quarter valued at $27,000. 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 worth $79,000 after purchasing an additional 23,272 shares during 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 worth $369,000 after purchasing an additional 69,963 shares during the last quarter.
QuantaSing Group Company Profile
(
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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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