39,523 Shares in QuantaSing Group Limited Unsponsored ADR $QSG Bought by Pinpoint Asset Management Singapore Pte. Ltd.

Pinpoint Asset Management Singapore Pte. Ltd. purchased a new stake in QuantaSing Group Limited Unsponsored ADR (NASDAQ:QSG) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 39,523 shares of the company’s stock, valued at approximately $373,000. Pinpoint Asset Management Singapore Pte. Ltd. owned 0.08% of QuantaSing Group at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in QSG. NewEdge Advisors LLC lifted its holdings in shares of QuantaSing Group by 17.4% during the 1st quarter. NewEdge Advisors LLC now owns 29,636 shares of the company’s stock worth $119,000 after acquiring an additional 4,394 shares during the period. XTX Topco Ltd bought a new stake in QuantaSing Group in the second quarter valued at about $440,000. Caitong International Asset Management Co. Ltd acquired a new position in QuantaSing Group in the second quarter worth about $484,000. Finally, Acadian Asset Management LLC lifted its stake in QuantaSing Group by 301.6% during the first quarter. Acadian Asset Management LLC now owns 93,158 shares of the company’s stock worth $369,000 after purchasing an additional 69,963 shares during the period.

QuantaSing Group Stock Up 8.7%

NASDAQ:QSG opened at $5.14 on Wednesday. The firm has a market cap of $263.23 million, a PE ratio of 5.71 and a beta of -0.98. QuantaSing Group Limited Unsponsored ADR has a 12 month low of $1.60 and a 12 month high of $15.64. The company’s 50-day moving average price is $7.36 and its two-hundred day moving average price is $8.17.

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

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on QSG shares. Weiss Ratings reiterated a “hold (c)” rating on shares of QuantaSing Group in a research note on Wednesday, October 8th. Wall Street Zen lowered 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 given a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average 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.