Quantasing Group (NASDAQ:HERE) Downgraded by Citigroup to “Neutral”

Quantasing Group (NASDAQ:HERE) was downgraded by equities researchers at Citigroup from a “buy” rating to a “neutral” rating in a research note issued on Wednesday. They presently have a $2.50 price objective on the stock. Citigroup’s price target points to a potential upside of 9.17% from the stock’s current price.

A number of other equities research analysts have also recently issued reports on HERE. Weiss Ratings reiterated a “hold (c)” rating on shares of Quantasing Group in a research note on Monday, May 4th. Wall Street Zen upgraded Quantasing Group from a “sell” rating to a “hold” rating in a research note on Saturday, April 18th. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, Quantasing Group currently has an average rating of “Hold” and a consensus target price of $2.50.

Quantasing Group Trading Down 2.6%

Shares of Quantasing Group stock opened at $2.29 on Wednesday. Quantasing Group has a 12-month low of $2.03 and a 12-month high of $15.64. The company has a market cap of $125.17 million, a PE ratio of 2.20 and a beta of -0.29. The business’s 50 day moving average is $3.25.

Institutional Investors Weigh In On Quantasing Group

A number of large investors have recently added to or reduced their stakes in the business. Fideuram Asset Management Ireland dac bought a new stake in Quantasing Group in the 4th quarter valued at $1,428,000. Oasis Management Co Ltd. bought a new stake in Quantasing Group in the 4th quarter valued at $479,000. SG Americas Securities LLC acquired a new position in Quantasing Group in the 1st quarter valued at $308,000. Barclays PLC acquired a new position in Quantasing Group in the 4th quarter valued at $329,000. Finally, XTX Topco Ltd acquired a new position in Quantasing Group in the 4th quarter valued at $247,000.

Quantasing Group Company Profile

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.