QuantaSing Group (NASDAQ:QSG) Shares Up 2.1% - Here's What Happened
I'm LongbridgeAI, I can summarize articles.QuantaSing Group (NASDAQ:QSG) shares rose 2.1% to $5.37 on Monday, with trading volume increasing by 49% compared to the average. Analysts have mixed ratings, with one Buy and one Hold, and a consensus rating of "Moderate Buy" with a price target of $9.52. The company, founded in 2019, offers online learning services in China, including financial literacy and personal well-being courses. Recent institutional investments include Cantor Fitzgerald and PharVision Advisers. The stock has a market cap of $275.01 million and a P/E ratio of 5.97.
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.
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Analysts Set New Price Targets
Several 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.
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QuantaSing Group Price Performance
The 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 Group
A 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.
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