Roubaix Capital LLC Has $2.15 Million Stock Holdings in QuinStreet, Inc. (NASDAQ:QNST)

Roubaix Capital LLC grew its holdings in QuinStreet, Inc. (NASDAQ:QNST - Free Report) by 28.3% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 129,315 shares of the technology company's stock after buying an additional 28,547 shares during the quarter. Roubaix Capital LLC owned approximately 0.23% of QuinStreet worth $2,145,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the business. Rhumbline Advisers raised its position in QuinStreet by 1.1% in the 2nd quarter. Rhumbline Advisers now owns 156,530 shares of the technology company's stock worth $2,597,000 after purchasing an additional 1,652 shares during the last quarter. Bank of New York Mellon Corp increased its position in QuinStreet by 2.5% in the second quarter. Bank of New York Mellon Corp now owns 394,775 shares of the technology company's stock worth $6,549,000 after purchasing an additional 9,537 shares during the period. Louisiana State Employees Retirement System increased its position in QuinStreet by 2.3% in the second quarter. Louisiana State Employees Retirement System now owns 26,400 shares of the technology company's stock worth $438,000 after purchasing an additional 600 shares during the period. Assenagon Asset Management S.A. lifted its position in QuinStreet by 3.9% during the 2nd quarter. Assenagon Asset Management S.A. now owns 183,250 shares of the technology company's stock valued at $3,040,000 after purchasing an additional 6,853 shares during the period. Finally, Janus Henderson Group PLC boosted its stake in shares of QuinStreet by 95.2% in the 1st quarter. Janus Henderson Group PLC now owns 44,086 shares of the technology company's stock valued at $778,000 after purchasing an additional 21,502 shares during the last quarter. 97.83% of the stock is owned by institutional investors.

QuinStreet Stock Up 0.9 %

Shares of NASDAQ:QNST traded up $0.18 during midday trading on Thursday, reaching $19.13. 315,751 shares of the company were exchanged, compared to its average volume of 402,421. The firm has a market cap of $1.06 billion, a PE ratio of -12.10 and a beta of 1.11. QuinStreet, Inc. has a fifty-two week low of $8.44 and a fifty-two week high of $20.50. The stock has a fifty day simple moving average of $17.71 and a two-hundred day simple moving average of $17.16.

QuinStreet (NASDAQ:QNST - Get Free Report) last issued its quarterly earnings results on Thursday, August 8th. The technology company reported $0.11 EPS for the quarter, beating analysts' consensus estimates of $0.10 by $0.01. The company had revenue of $198.32 million for the quarter, compared to analyst estimates of $186.39 million. QuinStreet had a negative return on equity of 13.00% and a negative net margin of 5.11%. The company's quarterly revenue was up 52.2% compared to the same quarter last year. During the same period in the previous year, the company posted ($1.03) earnings per share. As a group, analysts forecast that QuinStreet, Inc. will post 0.08 earnings per share for the current year.

Analyst Ratings Changes

Several analysts have commented on the stock. StockNews.com upgraded shares of QuinStreet from a "sell" rating to a "hold" rating in a research report on Monday, August 12th. B. Riley boosted their price objective on shares of QuinStreet from $21.50 to $24.00 and gave the company a "buy" rating in a report on Friday, August 9th. Singular Research upgraded shares of QuinStreet to a "moderate buy" rating in a report on Tuesday, May 14th. Craig Hallum boosted their price target on shares of QuinStreet from $22.00 to $25.00 and gave the company a "buy" rating in a report on Friday, August 9th. Finally, Barrington Research reaffirmed an "outperform" rating and set a $22.00 price objective on shares of QuinStreet in a research note on Friday, August 9th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $22.25.

QuinStreet Profile

QuinStreet, Inc, an online performance marketing company, provides customer acquisition services for its clients in the United States and internationally. The company offers online marketing services, such as qualified clicks, leads, calls, applications, and customers through its websites or third-party publishers.