QuantaSing Group (NASDAQ:QSG) Upgraded by Wall Street Zen to Buy Rating

QuantaSing Group (NASDAQ:QSGGet Free Report) was upgraded by equities researchers at Wall Street Zen from a “hold” rating to a “buy” rating in a report released on Saturday.

Separately, Citigroup upgraded shares of QuantaSing Group from a “neutral” rating to a “buy” rating and lifted their target price for the company from $6.10 to $9.52 in a research report on Tuesday, June 10th.

View Our Latest Stock Report on QuantaSing Group

QuantaSing Group Stock Performance

QuantaSing Group stock opened at $8.00 on Friday. The stock has a market capitalization of $409.68 million, a P/E ratio of 7.21 and a beta of -1.43. The company’s fifty day moving average price is $7.64 and its 200 day moving average price is $4.44. QuantaSing Group has a 1 year low of $1.50 and a 1 year high of $15.64.

Institutional Trading of QuantaSing Group

Large investors have recently made changes to their positions in the company. Geode Capital Management LLC purchased a new position in QuantaSing Group in the 4th quarter valued at $27,000. Millennium Management LLC raised its position 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 buying an additional 23,272 shares during the last quarter. NewEdge Advisors LLC lifted its stake 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 worth $119,000 after buying an additional 4,394 shares in the last quarter. Finally, Acadian Asset Management LLC boosted its position in QuantaSing Group by 301.6% during the first 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 last quarter.

QuantaSing Group Company Profile

(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.

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