QuantaSing Group (NASDAQ:QSG) Trading Up 1.5% – Should You Buy?

QuantaSing Group Limited Unsponsored ADR (NASDAQ:QSG) was up 1.5% during trading on Thursday . The stock traded as high as $4.13 and last traded at $4.11. Approximately 63,128 shares changed hands during trading, a decline of 77% from the average daily volume of 269,512 shares. The stock had previously closed at $4.05.

Analyst Ratings Changes

Separately, Wall Street Zen cut QuantaSing Group from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $9.52.

QuantaSing Group Price Performance

The firm has a market cap of $215.09 million, a PE ratio of 4.67 and a beta of -0.98. The business has a fifty day moving average price of $4.88 and a two-hundred day moving average price of $6.50.

Institutional Trading of QuantaSing Group

A number of hedge funds have recently made changes to their positions in the stock. Oxbow Capital Management HK Ltd purchased a new position in QuantaSing Group during the second quarter valued at approximately $4,725,000. Cantor Fitzgerald L. P. purchased a new stake in QuantaSing Group in the 3rd quarter worth approximately $990,000. Oasis Management Co Ltd. boosted its stake in shares of QuantaSing Group by 33.9% during the 3rd quarter. Oasis Management Co Ltd. now owns 93,753 shares of the company’s stock valued at $846,000 after buying an additional 23,753 shares during the period. Acadian Asset Management LLC grew its holdings in shares of QuantaSing Group by 301.6% during the 1st quarter. Acadian Asset Management LLC now owns 93,158 shares of the company’s stock valued at $369,000 after acquiring an additional 69,963 shares in the last quarter. Finally, Nomura Holdings Inc. increased its stake in shares of QuantaSing Group by 359.0% in the third quarter. Nomura Holdings Inc. now owns 87,346 shares of the company’s stock worth $788,000 after acquiring an additional 68,318 shares during the last quarter.

QuantaSing Group Company Profile

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.