QuantaSing Group (NASDAQ:QSG - Get Free Report) was downgraded by analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a research note issued on Saturday.
QuantaSing Group Price Performance
Shares of QSG opened at $6.68 on Friday. The firm has a 50 day simple moving average of $5.72 and a 200-day simple moving average of $3.62. QuantaSing Group has a 1-year low of $1.47 and a 1-year high of $8.04. The stock has a market cap of $342.10 million, a price-to-earnings ratio of 6.75 and a beta of -1.43.
QuantaSing Group (NASDAQ:QSG - Get Free Report) last issued its quarterly earnings data on Tuesday, March 11th. The company reported $0.33 earnings per share for the quarter, topping analysts' consensus estimates 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. On average, equities analysts expect that QuantaSing Group will post 0.71 earnings per share for the current fiscal year.
Institutional Trading of QuantaSing Group
Several hedge funds and other institutional investors have recently bought and sold shares of QSG. Geode Capital Management LLC purchased a new stake in QuantaSing Group in the 4th quarter worth approximately $27,000. Millennium Management LLC grew its stake 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. NewEdge Advisors LLC grew its stake in QuantaSing Group by 17.4% in the 1st quarter. NewEdge Advisors LLC now owns 29,636 shares of the company's stock worth $119,000 after acquiring an additional 4,394 shares during the period. Finally, Acadian Asset Management LLC grew its stake in 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 acquiring an additional 69,963 shares during the period.
About QuantaSing Group
(
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.
Further Reading
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