Principal Financial Group Inc. increased its position in shares of QuinStreet, Inc. (NASDAQ:QNST) by 2.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 272,723 shares of the technology company’s stock after buying an additional 7,629 shares during the period. Principal Financial Group Inc. owned 0.60% of QuinStreet worth $1,064,000 as of its most recent filing with the SEC.
Several other large investors also recently bought and sold shares of QNST. Russell Investments Group Ltd. acquired a new position in shares of QuinStreet during the fourth quarter worth $178,000. Comerica Bank boosted its position in shares of QuinStreet by 7.0% in the fourth quarter. Comerica Bank now owns 38,052 shares of the technology company’s stock worth $151,000 after buying an additional 2,503 shares during the period. State Street Corp boosted its position in shares of QuinStreet by 7.4% in the fourth quarter. State Street Corp now owns 699,571 shares of the technology company’s stock worth $2,631,000 after buying an additional 48,458 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of QuinStreet by 2.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 740,205 shares of the technology company’s stock worth $2,783,000 after buying an additional 18,936 shares during the period. Finally, Renaissance Technologies LLC boosted its position in shares of QuinStreet by 1.9% in the fourth quarter. Renaissance Technologies LLC now owns 1,324,000 shares of the technology company’s stock worth $4,978,000 after buying an additional 24,100 shares during the period. Institutional investors own 63.63% of the company’s stock.
QuinStreet, Inc. (NASDAQ:QNST) opened at 3.89 on Friday. QuinStreet, Inc. has a 52 week low of $2.61 and a 52 week high of $4.63. The stock’s 50 day moving average is $3.94 and its 200-day moving average is $3.78. The stock’s market capitalization is $176.87 million.
QuinStreet (NASDAQ:QNST) last released its quarterly earnings data on Tuesday, August 8th. The technology company reported $0.06 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.07 by $0.01. The company had revenue of $81.50 million during the quarter, compared to analyst estimates of $80.91 million. QuinStreet had a negative net margin of 4.07% and a negative return on equity of 2.36%. The firm’s quarterly revenue was up 3.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.02 EPS. Equities research analysts forecast that QuinStreet, Inc. will post $0.21 EPS for the current year.
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Separately, TheStreet raised shares of QuinStreet from a “d+” rating to a “c” rating in a research note on Wednesday, June 28th.
QuinStreet, Inc is an online performance marketing company. The Company provides vertically oriented customer acquisition programs for its clients. The Company operating segments include Direct Marketing Services (DMS) business. Its DMS business derives its net revenue from fees earned through the delivery of qualified leads, clicks, calls or customers, and display advertisements, or impressions.
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