Vanguard Group Inc. grew its position in QuinStreet, Inc. (NASDAQ:QNST – Free Report) by 3.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,257,710 shares of the technology company’s stock after buying an additional 133,468 shares during the quarter. Vanguard Group Inc. owned approximately 7.50% of QuinStreet worth $61,183,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Universal Beteiligungs und Servicegesellschaft mbH boosted its holdings in shares of QuinStreet by 7.4% in the fourth quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 27,969 shares of the technology company’s stock worth $402,000 after buying an additional 1,927 shares during the period. Farther Finance Advisors LLC boosted its holdings in shares of QuinStreet by 10.2% in the fourth quarter. Farther Finance Advisors LLC now owns 7,896 shares of the technology company’s stock worth $113,000 after buying an additional 730 shares during the period. Harbor Capital Advisors Inc. boosted its holdings in shares of QuinStreet by 11.7% in the fourth quarter. Harbor Capital Advisors Inc. now owns 16,664 shares of the technology company’s stock worth $239,000 after buying an additional 1,749 shares during the period. Allspring Global Investments Holdings LLC boosted its holdings in shares of QuinStreet by 9.6% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 46,597 shares of the technology company’s stock worth $656,000 after buying an additional 4,081 shares during the period. Finally, SG Americas Securities LLC boosted its holdings in shares of QuinStreet by 46.9% in the fourth quarter. SG Americas Securities LLC now owns 90,443 shares of the technology company’s stock worth $1,300,000 after buying an additional 28,882 shares during the period. 97.83% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
QNST has been the subject of several recent analyst reports. Northland Securities initiated coverage on shares of QuinStreet in a report on Tuesday, March 17th. They issued an “outperform” rating and a $17.00 target price for the company. Lake Street Capital set a $15.00 target price on shares of QuinStreet in a report on Friday, February 6th. Weiss Ratings cut shares of QuinStreet from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday. B. Riley Financial upgraded shares of QuinStreet to a “strong-buy” rating in a report on Thursday, April 2nd. Finally, Wall Street Zen cut shares of QuinStreet from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $20.50.
QuinStreet Stock Performance
QNST stock opened at $11.15 on Friday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.51 and a current ratio of 1.18. The stock has a market cap of $640.46 million, a P/E ratio of 9.78 and a beta of 0.72. The firm has a 50 day simple moving average of $12.35 and a 200 day simple moving average of $13.22. QuinStreet, Inc. has a 52 week low of $10.28 and a 52 week high of $17.13.
QuinStreet (NASDAQ:QNST – Get Free Report) last posted its quarterly earnings results on Thursday, May 7th. The technology company reported $0.31 EPS for the quarter, topping the consensus estimate of $0.17 by $0.14. The business had revenue of $346.14 million during the quarter, compared to analysts’ expectations of $336.22 million. QuinStreet had a net margin of 5.53% and a return on equity of 9.97%. The firm’s quarterly revenue was up 28.3% compared to the same quarter last year. During the same period last year, the company posted $0.21 earnings per share. Research analysts anticipate that QuinStreet, Inc. will post 0.63 earnings per share for the current fiscal year.
About QuinStreet
QuinStreet, Inc operates a technology-based performance marketing platform that connects companies with prospective customers across multiple verticals. The company specializes in data-driven lead generation for financial services, education, insurance, healthcare, and home services firms. By leveraging proprietary targeting algorithms and real-time analytics, QuinStreet manages customized digital marketing campaigns to optimize customer acquisition and retention for its clients.
Through a portfolio of consumer-facing websites and comparison platforms, QuinStreet delivers targeted visitors who are actively researching products and services.
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