QuantaSing Group's (QSG) "Hold (C)" Rating Reaffirmed at Weiss Ratings

Key Points

• QuantaSing Group's stock rating was reaffirmed as "hold (C)" by Weiss Ratings, while it has a consensus rating of "Moderate Buy" with a target price of $9.52.
• The company reported an earnings per share (EPS) of $0.27 for the recent quarter, exceeding the consensus estimate of $0.15, coupled with a revenue of $86.25 million.
• Institutional investments in QuantaSing Group have increased, with Oxbow Capital Management acquiring a new stake valued at approximately $4.7 million during the second quarter.

QuantaSing Group (NASDAQ:QSG - Get Free Report)'s stock had its "hold (c)" rating reaffirmed by Weiss Ratings in a research report issued to clients and investors on Wednesday,Weiss Ratings reports.

QSG has been the topic of a number of other reports. Citigroup upgraded shares of QuantaSing Group from a "neutral" rating to a "buy" rating and boosted their target price for the company from $6.10 to $9.52 in a research note on Tuesday, June 10th. Wall Street Zen cut shares of QuantaSing Group from a "buy" rating to a "hold" rating in a research note on Sunday, July 6th. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, QuantaSing Group currently has a consensus rating of "Moderate Buy" and a consensus target price of $9.52.

QuantaSing Group Trading Down 3.3%

QSG opened at $7.97 on Wednesday. The company has a fifty day moving average price of $8.58 and a two-hundred day moving average price of $7.71. The company has a market cap of $408.16 million, a P/E ratio of 8.86 and a beta of -0.95. QuantaSing Group has a 1-year low of $1.60 and a 1-year high of $15.64.

QuantaSing Group (NASDAQ:QSG - Get Free Report) last posted its earnings results on Wednesday, September 17th. The company reported $0.27 EPS for the quarter, topping the consensus estimate of $0.15 by $0.12. QuantaSing Group had a net margin of 13.13% and a return on equity of 47.31%. The company had revenue of $86.25 million during the quarter. On average, research analysts forecast that QuantaSing Group will post 0.71 EPS for the current fiscal year.

Institutional Trading of QuantaSing Group

A number of institutional investors have recently modified their holdings of the business. Oxbow Capital Management HK Ltd bought a new stake in QuantaSing Group during the 2nd quarter worth approximately $4,725,000. Acadian Asset Management LLC increased its holdings in QuantaSing Group by 301.6% during the 1st quarter. Acadian Asset Management LLC now owns 93,158 shares of the company's stock worth $369,000 after acquiring an additional 69,963 shares during the period. Caitong International Asset Management Co. Ltd bought a new stake in QuantaSing Group during the 2nd quarter worth approximately $484,000. XTX Topco Ltd bought a new position in shares of QuantaSing Group in the 2nd quarter worth $440,000. Finally, Pinpoint Asset Management Singapore Pte. Ltd. bought a new position in shares of QuantaSing Group in the 2nd quarter worth $373,000.

QuantaSing Group Company Profile

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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