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

Wall Street Zen upgraded shares of Quantasing Group (NASDAQ:HERE) from a sell rating to a hold rating in a research report sent to investors on Saturday.

Other research analysts also recently issued research reports about the company. Citigroup reiterated a “neutral” rating and issued a $2.50 price objective on shares of Quantasing Group in a report on Wednesday, May 27th. Weiss Ratings downgraded Quantasing Group from a “hold (c)” rating to a “sell (d+)” rating in a report on Tuesday, June 9th. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and an average target price of $2.50.

Quantasing Group Price Performance

Shares of NASDAQ HERE opened at $1.84 on Friday. The stock has a market cap of $100.57 million, a P/E ratio of 2.14 and a beta of -0.51. The business’s 50-day simple moving average is $1.95. Quantasing Group has a 1 year low of $1.50 and a 1 year high of $13.63.

Quantasing Group announced that its Board of Directors has approved a stock buyback program on Friday, June 5th that authorizes the company to buyback $0.00 in outstanding shares. This buyback authorization authorizes the company to purchase shares of its stock through open market purchases. Stock buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.

Hedge Funds Weigh In On Quantasing Group

Hedge funds have recently made changes to their positions in the company. Fideuram Asset Management Ireland dac purchased a new stake in shares of Quantasing Group in the 4th quarter valued at about $1,428,000. XTX Topco Ltd purchased a new position in Quantasing Group during the 4th quarter worth approximately $247,000. Barclays PLC purchased a new position in Quantasing Group during the 4th quarter worth approximately $329,000. Renaissance Technologies LLC acquired a new position in Quantasing Group during the fourth quarter worth approximately $117,000. Finally, Invesco Ltd. acquired a new position in Quantasing Group during the fourth quarter worth approximately $98,000.

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.