Wall Street Zen cut shares of QuantaSing Group (NASDAQ:QSG - Free Report) from a buy rating to a hold rating in a report published on Sunday.
Separately, Citigroup raised QuantaSing Group from a "neutral" rating to a "buy" rating and increased their target price for the company from $6.10 to $9.52 in a report on Tuesday, June 10th.
Check Out Our Latest Stock Analysis on QSG
QuantaSing Group Price Performance
QSG stock traded down $0.65 during mid-day trading on Friday, reaching $8.86. 805,258 shares of the company's stock were exchanged, compared to its average volume of 572,031. The stock's 50 day moving average is $8.09 and its 200 day moving average is $4.69. QuantaSing Group has a 12-month low of $1.50 and a 12-month high of $15.64. The company has a market cap of $453.72 million, a price-to-earnings ratio of 7.98 and a beta of -0.96.
Hedge Funds Weigh In On QuantaSing Group
A number of hedge funds have recently made changes to their positions in QSG. Geode Capital Management LLC acquired a new stake in shares of QuantaSing Group in the fourth quarter valued at approximately $27,000. Millennium Management LLC increased its holdings in shares of QuantaSing Group by 173.5% in the fourth quarter. Millennium Management LLC now owns 36,685 shares of the company's stock valued at $79,000 after purchasing an additional 23,272 shares during the last quarter. NewEdge Advisors LLC increased its holdings in shares of QuantaSing Group by 17.4% in the first quarter. NewEdge Advisors LLC now owns 29,636 shares of the company's stock valued at $119,000 after purchasing an additional 4,394 shares during the last quarter. Finally, Acadian Asset Management LLC increased its holdings in shares of QuantaSing Group by 301.6% in the first quarter. Acadian Asset Management LLC now owns 93,158 shares of the company's stock valued at $369,000 after purchasing an additional 69,963 shares during the last quarter.
About QuantaSing Group
(
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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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