QuantaSing Group (NASDAQ:QSG) Shares Up 2.1% - Here's What Happened

Shares of QuantaSing Group Limited Unsponsored ADR (NASDAQ:QSG - Get Free Report) were up 2.1% on Monday . The stock traded as high as $5.80 and last traded at $5.37. Approximately 402,907 shares traded hands during trading, an increase of 49% from the average daily volume of 269,512 shares. The stock had previously closed at $5.26.Get QuantaSing Group alerts:Analysts Set New Price TargetsSeveral equities analysts recently commented on QSG shares. Wall Street Zen lowered shares of QuantaSing Group from a "buy" rating to a "hold" rating in a research report on Saturday, November 8th. Weiss Ratings reissued a "hold (c)" rating on shares of QuantaSing Group in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $9.52.Get Our Latest Research Report on QuantaSing GroupQuantaSing Group Price PerformanceThe business's 50-day simple moving average is $5.75 and its two-hundred day simple moving average is $7.83. The stock has a market capitalization of $275.01 million, a price-to-earnings ratio of 5.97 and a beta of -0.98. Institutional Trading of QuantaSing GroupA number of institutional investors have recently added to or reduced their stakes in QSG. Cantor Fitzgerald L. P. purchased a new position in QuantaSing Group in the third quarter valued at about $990,000. PharVision Advisers LLC acquired a new stake in shares of QuantaSing Group in the third quarter valued at about $166,000. Verity Asset Management Inc. acquired a new stake in shares of QuantaSing Group in the third quarter valued at about $348,000. Susquehanna International Group LLP purchased a new stake in shares of QuantaSing Group during the 3rd quarter valued at about $142,000. Finally, Quarry LP acquired a new position in QuantaSing Group during the 3rd quarter worth approximately $30,000. 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. In addition, the company provides online and literacy course to adult learners under various brands, including QiNiu, JiangZhen, and QianChi. QuantaSing Group Limited was founded in 2019 and is headquartered in Beijing, the People's Republic of China.See AlsoFive stocks we like better than QuantaSing GroupWall Street Stockpicker Names #1 Stock of 2026Your “birthright claim” just got activatedThe McDonald's SecretTerrifying reason Trump killed the U.S. penny?Turn your "dead money" into $306+ monthly (starting this month)This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in QuantaSing Group Right Now?Before you consider QuantaSing Group, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and QuantaSing Group wasn't on the list.While QuantaSing Group currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here