Caitong International Asset Management Co. Ltd Purchases Shares of 51,214 QuantaSing Group Limited Unsponsored ADR $QSG

Caitong International Asset Management Co. Ltd acquired a new stake in QuantaSing Group Limited Unsponsored ADR (NASDAQ:QSG) in the second quarter, Holdings Channel reports. The firm acquired 51,214 shares of the company’s stock, valued at approximately $484,000.

Separately, NewEdge Advisors LLC grew its holdings 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 in the last quarter.

QuantaSing Group Stock Up 8.9%

NASDAQ QSG opened at $7.72 on Friday. QuantaSing Group Limited Unsponsored ADR has a 52 week low of $1.60 and a 52 week high of $15.64. The stock has a market capitalization of $395.36 million, a PE ratio of 8.58 and a beta of -0.95. The firm has a 50 day moving average of $8.41 and a two-hundred day moving average of $7.94.

QuantaSing Group (NASDAQ:QSG) last posted its quarterly earnings results on Wednesday, September 17th. The company reported $0.27 EPS for the quarter, topping the consensus estimate of $0.15 by $0.12. QuantaSing Group had a net margin of 13.13% and a return on equity of 47.31%. The company had revenue of $86.25 million during the quarter. On average, equities research analysts expect that QuantaSing Group Limited Unsponsored ADR will post 0.71 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages recently weighed in on QSG. Wall Street Zen cut shares of QuantaSing Group from a “buy” rating to a “hold” rating in a report on Sunday, July 6th. Weiss Ratings restated a “hold (c)” rating on shares of QuantaSing Group in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, QuantaSing Group currently has an average rating of “Moderate Buy” and a consensus price target of $9.52.

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.