QuantaSing Group Limited (NASDAQ:QSG - Get Free Report) fell 5.5% on Friday . The company traded as low as $10.72 and last traded at $10.88. 590,212 shares traded hands during mid-day trading, an increase of 32% from the average session volume of 448,319 shares. The stock had previously closed at $11.51.
Wall Street Analysts Forecast Growth
Several analysts have recently commented on QSG shares. Wall Street Zen cut QuantaSing Group from a "buy" rating to a "hold" rating in a report on Saturday, June 7th. Citigroup upgraded shares of QuantaSing Group from a "neutral" rating to a "buy" rating and upped their target price for the stock from $6.10 to $9.52 in a research report on Tuesday, June 10th.
Get Our Latest Stock Report on QuantaSing Group
QuantaSing Group Stock Up 20.0%
The stock has a market cap of $672.93 million, a price-to-earnings ratio of 13.27 and a beta of -1.43. The stock's fifty day moving average is $6.25 and its 200-day moving average is $3.88.
Hedge Funds Weigh In On QuantaSing Group
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Acadian Asset Management LLC raised its position in 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 buying an additional 69,963 shares during the last quarter. NewEdge Advisors LLC increased 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 purchasing an additional 4,394 shares during the last quarter. Millennium Management LLC increased 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 buying an additional 23,272 shares during the last quarter. Finally, Geode Capital Management LLC bought a new position in shares of QuantaSing Group in the 4th quarter valued at about $27,000.
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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