QuantaSing Group (NASDAQ:QSG) Shares Up 2.1% – What’s Next?

QuantaSing Group Limited Unsponsored ADR (NASDAQ:QSG) shares rose 2.1% on Monday . The stock traded as high as $4.98 and last traded at $4.85. Approximately 223,527 shares changed hands during mid-day trading, a decline of 17% from the average daily volume of 269,512 shares. The stock had previously closed at $4.75.

Analyst Upgrades and Downgrades

Several brokerages recently commented on QSG. Weiss Ratings reiterated a “hold (c)” rating on shares of QuantaSing Group in a report on Wednesday, October 8th. Wall Street Zen downgraded QuantaSing Group from a “buy” rating to a “hold” rating in a report on Saturday, November 8th. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, QuantaSing Group currently has an average rating of “Moderate Buy” and an average target price of $9.52.

QuantaSing Group Trading Up 2.1%

The stock has a market capitalization of $248.38 million, a PE ratio of 5.39 and a beta of -0.98. The company’s 50-day moving average is $5.08 and its 200 day moving average is $7.08.

Institutional Trading of QuantaSing Group

Several hedge funds and other institutional investors have recently bought and sold shares of QSG. Quarry LP acquired a new stake in QuantaSing Group in the 3rd quarter valued at $30,000. NewEdge Advisors LLC grew its position 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 period. SG Americas Securities LLC grew its position in shares of QuantaSing Group by 38.2% in the third quarter. SG Americas Securities LLC now owns 20,726 shares of the company’s stock valued at $187,000 after purchasing an additional 5,726 shares during the period. EverSource Wealth Advisors LLC purchased a new stake in shares of QuantaSing Group during the second quarter worth about $62,000. Finally, Tower Research Capital LLC TRC acquired a new position in shares of QuantaSing Group during the 2nd quarter worth about $93,000.

About QuantaSing Group

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.