Quantasing Group (NASDAQ:HERE) Upgraded to Hold at Wall Street Zen

by · The Markets Daily

Wall Street Zen upgraded shares of Quantasing Group (NASDAQ:HERE – Free Report) from a sell rating to a hold rating in a report released on Saturday.

Several other brokerages have also recently commented on HERE. Citigroup reissued a “neutral” rating and set a $2.50 price target on shares of Quantasing Group in a research report on Wednesday, May 27th. Weiss Ratings cut Quantasing Group from a “hold (c)” rating to a “sell (d+)” rating in a report on Tuesday, June 9th. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Quantasing Group has a consensus rating of “Reduce” and an average target price of $2.50.

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Quantasing Group Price Performance

Shares of HERE opened at $1.85 on Friday. The firm has a market capitalization of $101.12 million, a PE ratio of 2.15 and a beta of -0.51. Quantasing Group has a 12 month low of $1.50 and a 12 month high of $13.63. The stock’s fifty day simple moving average is $1.94.

Quantasing Group announced that its Board of Directors has initiated a share repurchase program on Friday, June 5th that authorizes the company to buyback $0.00 in outstanding shares. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Stock buyback programs are often an indication that the company’s leadership believes its stock is undervalued.

Institutional Investors Weigh In On Quantasing Group

Several large investors have recently made changes to their positions in the stock. Geode Capital Management LLC acquired a new position in Quantasing Group during the fourth quarter worth $72,000. Fideuram Asset Management Ireland dac bought a new stake in Quantasing Group during the fourth quarter worth $1,428,000. Renaissance Technologies LLC acquired a new stake in Quantasing Group in the fourth quarter valued at $117,000. Oasis Management Co Ltd. acquired a new stake in Quantasing Group in the fourth quarter valued at $479,000. Finally, Pinpoint Asset Management Singapore Pte. Ltd. bought a new position in shares of Quantasing Group in the 4th quarter valued at about $88,000.

About Quantasing Group

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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.

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