QuantaSing Group (NASDAQ:QSG - Get Free Report) was downgraded by Wall Street Zen from a "buy" rating to a "hold" rating in a research report issued to clients and investors on Saturday.
QuantaSing Group Stock Performance
Shares of QuantaSing Group stock traded up $2.29 on Friday, hitting $9.24. The company's stock had a trading volume of 5,852,313 shares, compared to its average volume of 442,888. QuantaSing Group has a 1 year low of $1.47 and a 1 year high of $9.84. The firm has a fifty day moving average price of $5.81 and a 200-day moving average price of $3.70. The company has a market capitalization of $473.20 million, a price-to-earnings ratio of 9.33 and a beta of -1.43.
QuantaSing Group (NASDAQ:QSG - Get Free Report) last posted its quarterly earnings data on Tuesday, March 11th. The company reported $0.33 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 company had revenue of $99.55 million during the quarter, compared to analyst estimates of $97.90 million. As a group, analysts forecast that QuantaSing Group will post 0.71 EPS for the current year.
Institutional Investors Weigh In On QuantaSing Group
Large investors have recently bought and sold shares of the company. Geode Capital Management LLC purchased a new stake in QuantaSing Group during the 4th quarter worth approximately $27,000. NewEdge Advisors LLC increased its stake in 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 in the last quarter. Millennium Management LLC increased its stake in QuantaSing Group by 173.5% during the 4th quarter. Millennium Management LLC now owns 36,685 shares of the company's stock worth $79,000 after buying an additional 23,272 shares in the last quarter. Finally, Acadian Asset Management LLC increased its stake 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 buying an additional 69,963 shares in 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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