QuantaSing Group (NASDAQ:QSG) Trading Up 4.3% – Time to Buy?

QuantaSing Group Limited (NASDAQ:QSG)’s share price traded up 4.3% on Monday . The stock traded as high as $5.10 and last traded at $4.35. 1,418,614 shares changed hands during mid-day trading, an increase of 304% from the average session volume of 350,733 shares. The stock had previously closed at $4.17.

QuantaSing Group Stock Performance

The stock has a market cap of $222.77 million, a PE ratio of 4.39 and a beta of -1.20. The company’s 50-day moving average price is $2.86 and its 200 day moving average price is $2.75.

QuantaSing Group (NASDAQ:QSG) last announced its quarterly earnings results on Tuesday, March 11th. The company reported $0.33 earnings per share for the quarter, beating analysts’ consensus estimates of $0.20 by $0.13. QuantaSing Group had a net margin of 10.67% and a return on equity of 88.29%. The business had revenue of $99.55 million during the quarter, compared to analysts’ expectations of $97.90 million. As a group, equities research analysts predict that QuantaSing Group Limited will post 0.71 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of QSG. Geode Capital Management LLC purchased a new stake in shares of QuantaSing Group in the 4th quarter valued at $27,000. Virtu Financial LLC purchased a new stake in QuantaSing Group during the third quarter worth about $31,000. Finally, Millennium Management LLC increased its stake in QuantaSing Group by 173.5% during the fourth quarter. Millennium Management LLC now owns 36,685 shares of the company’s stock worth $79,000 after purchasing an additional 23,272 shares during the period.

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.