Roubaix Capital LLC trimmed its holdings in shares of QuinStreet, Inc. (NASDAQ:QNST - Free Report) by 80.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 25,644 shares of the technology company's stock after selling 103,671 shares during the quarter. Roubaix Capital LLC's holdings in QuinStreet were worth $491,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in QNST. First Eagle Investment Management LLC grew its holdings in QuinStreet by 20.2% in the 1st quarter. First Eagle Investment Management LLC now owns 549,223 shares of the technology company's stock valued at $9,699,000 after buying an additional 92,200 shares in the last quarter. Divisadero Street Capital Management LP purchased a new stake in shares of QuinStreet during the 2nd quarter valued at approximately $6,499,000. Vanguard Group Inc. lifted its holdings in QuinStreet by 1.3% in the first quarter. Vanguard Group Inc. now owns 3,712,518 shares of the technology company's stock valued at $65,563,000 after acquiring an additional 48,705 shares during the last quarter. Driehaus Capital Management LLC grew its position in QuinStreet by 17.6% in the second quarter. Driehaus Capital Management LLC now owns 1,509,937 shares of the technology company's stock worth $25,050,000 after acquiring an additional 225,720 shares during the period. Finally, American Century Companies Inc. increased its stake in QuinStreet by 27.5% during the second quarter. American Century Companies Inc. now owns 2,035,127 shares of the technology company's stock worth $33,763,000 after acquiring an additional 438,947 shares during the last quarter. Hedge funds and other institutional investors own 97.83% of the company's stock.
Wall Street Analyst Weigh In
Several brokerages have recently commented on QNST. StockNews.com raised QuinStreet from a "sell" rating to a "hold" rating in a research note on Thursday, October 17th. 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. Craig Hallum lifted their target price 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, B. Riley upped their price target on QuinStreet from $21.50 to $24.00 and gave the stock a "buy" rating in a research note on Friday, August 9th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $22.25.
Read Our Latest Analysis on QNST
QuinStreet Stock Performance
Shares of QuinStreet stock traded down $0.43 during trading hours on Thursday, reaching $21.00. 563,062 shares of the company were exchanged, compared to its average volume of 395,067. The firm has a market cap of $1.16 billion, a PE ratio of -13.74 and a beta of 1.11. The stock's fifty day moving average is $19.08 and its 200 day moving average is $18.00. QuinStreet, Inc. has a 1 year low of $10.22 and a 1 year high of $21.85.
QuinStreet (NASDAQ:QNST - Get Free Report) last issued its quarterly earnings results on Thursday, August 8th. The technology company reported $0.11 earnings per share (EPS) for the quarter, topping 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 company had revenue of $198.32 million during the quarter, compared to the consensus estimate of $186.39 million. During the same quarter in the previous year, the firm earned ($1.03) earnings per share. The firm's quarterly revenue was up 52.2% on a year-over-year basis. Research analysts expect that QuinStreet, Inc. will post 0.08 earnings per share for the current year.
QuinStreet Company Profile
(
Free Report)
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.
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