Wall Street Zen Downgrades Quantasing Group (NASDAQ:HERE) to Sell

Quantasing Group (NASDAQ:HERE) was downgraded by research analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research report issued on Saturday.

Separately, Weiss Ratings started coverage on shares of Quantasing Group in a research report on Thursday, February 5th. They issued a “hold (c)” rating for the company. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company currently has a consensus rating of “Hold”.

Quantasing Group Stock Performance

Shares of Quantasing Group stock opened at $3.19 on Friday. Quantasing Group has a twelve month low of $2.50 and a twelve month high of $15.64. The company has a market cap of $174.37 million, a PE ratio of 3.07 and a beta of -0.79.

Quantasing Group (NASDAQ:HERE) last posted its earnings results on Thursday, March 12th. The company reported ($0.01) earnings per share (EPS) for the quarter. Quantasing Group had a net margin of 28.03% and a return on equity of 10.34%. The company had revenue of $25.34 million during the quarter.

Hedge Funds Weigh In On Quantasing Group

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Geode Capital Management LLC acquired a new position in shares of Quantasing Group in the 4th quarter valued at $72,000. Squarepoint Ops LLC acquired a new stake in Quantasing Group during the 4th quarter worth about $77,000. Pinpoint Asset Management Singapore Pte. Ltd. purchased a new stake in Quantasing Group during the fourth quarter valued at about $88,000. Invesco Ltd. purchased a new stake in Quantasing Group during the fourth quarter valued at about $98,000. Finally, Renaissance Technologies LLC acquired a new position in shares of Quantasing Group in the fourth quarter worth about $117,000.

About Quantasing Group

We believe that personal learning and development is a lifelong journey. Everyone, regardless of background, should be given an equal opportunity to pursue their interests, passions, and goals. Our mission is to improve people’s quality of life and well-being by providing them lifelong personal learning and development opportunities. QuantaSing Group is the largest online learning service provider in China’s adult learning market for personal interest courses and among the top five service providers in China’s total adult learning market, in terms of revenue in 2021, according to the F&S report.