Quantasing Group (NASDAQ:HERE) Releases Quarterly Earnings Results

Quantasing Group (NASDAQ:HERE) posted its quarterly earnings data on Thursday. The company reported ($0.01) EPS for the quarter, FiscalAI reports. Quantasing Group had a net margin of 28.03% and a return on equity of 10.40%. The firm had revenue of $25.34 million for the quarter.

Quantasing Group Stock Up 4.8%

HERE traded up $0.18 during midday trading on Friday, reaching $3.91. The company had a trading volume of 173,720 shares, compared to its average volume of 87,545. The stock has a market cap of $213.72 million, a price-to-earnings ratio of 3.76 and a beta of -0.79. Quantasing Group has a 1 year low of $2.50 and a 1 year high of $15.64.

Wall Street Analyst Weigh In

Separately, Weiss Ratings began coverage on Quantasing Group in a research note on Thursday, February 5th. They set a “hold (c)” rating for the company. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Hold”.

Institutional Investors Weigh In On Quantasing Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Geode Capital Management LLC acquired a new stake in Quantasing Group in the fourth quarter worth about $72,000. Squarepoint Ops LLC acquired a new position in shares of Quantasing Group during the fourth quarter valued at about $77,000. Pinpoint Asset Management Singapore Pte. Ltd. purchased a new position in shares of Quantasing Group in the 4th quarter valued at approximately $88,000. Invesco Ltd. acquired a new stake in Quantasing Group in the 4th quarter worth approximately $98,000. Finally, Renaissance Technologies LLC purchased a new stake in Quantasing Group during the 4th quarter worth approximately $117,000.

Quantasing Group Company Profile

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.