Bank of Montreal Can Purchases Shares of 106,113 QuinStreet, Inc. (NASDAQ:QNST)

Bank of Montreal Can bought a new position in QuinStreet, Inc. (NASDAQ:QNST - Free Report) during the second quarter, according to its most recent Form 13F filing with the SEC. The firm bought 106,113 shares of the technology company's stock, valued at approximately $1,766,000. Bank of Montreal Can owned approximately 0.19% of QuinStreet at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of QNST. Private Capital Management LLC increased its position in QuinStreet by 1.4% during the fourth quarter. Private Capital Management LLC now owns 4,503,159 shares of the technology company's stock worth $57,730,000 after purchasing an additional 62,095 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of QuinStreet by 1.3% during the 1st quarter. Vanguard Group Inc. now owns 3,712,518 shares of the technology company's stock worth $65,563,000 after buying an additional 48,705 shares during the last quarter. American Century Companies Inc. raised its position in shares of QuinStreet by 27.5% during the 2nd quarter. American Century Companies Inc. now owns 2,035,127 shares of the technology company's stock valued at $33,763,000 after buying an additional 438,947 shares during the period. William Blair Investment Management LLC lifted its holdings in QuinStreet by 0.8% in the first quarter. William Blair Investment Management LLC now owns 1,530,761 shares of the technology company's stock valued at $27,033,000 after acquiring an additional 12,058 shares during the last quarter. Finally, Basswood Capital Management L.L.C. lifted its holdings in QuinStreet by 20.6% in the fourth quarter. Basswood Capital Management L.L.C. now owns 1,007,188 shares of the technology company's stock valued at $12,912,000 after acquiring an additional 171,838 shares during the last quarter. 97.83% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have commented on QNST. StockNews.com upgraded QuinStreet from a "sell" rating to a "hold" rating in a research report on Tuesday. 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. Craig Hallum increased their target price on shares of QuinStreet from $22.00 to $25.00 and gave the stock a "buy" rating in a research note on Friday, August 9th. Finally, Barrington Research reissued an "outperform" rating and issued a $22.00 price target on shares of QuinStreet in a research note on Friday, August 9th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $22.25.

QuinStreet Price Performance

Shares of QuinStreet stock opened at $19.13 on Friday. The stock has a market capitalization of $1.07 billion, a price-to-earnings ratio of -12.26 and a beta of 1.11. The business has a 50-day moving average of $18.66 and a 200 day moving average of $17.77. QuinStreet, Inc. has a 12 month low of $8.44 and a 12 month high of $20.91.

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

QuinStreet Company 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.