QuinStreet, Inc. $QNST Shares Bought by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd grew its holdings in shares of QuinStreet, Inc. (NASDAQ:QNST) by 113.9% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 137,123 shares of the technology company’s stock after purchasing an additional 73,021 shares during the period. Y Intercept Hong Kong Ltd owned approximately 0.24% of QuinStreet worth $2,121,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in QNST. Tripletail Wealth Management LLC bought a new stake in QuinStreet during the third quarter worth approximately $105,000. Farther Finance Advisors LLC lifted its position in shares of QuinStreet by 885.1% during the 2nd quarter. Farther Finance Advisors LLC now owns 7,221 shares of the technology company’s stock valued at $116,000 after acquiring an additional 6,488 shares during the last quarter. Cerity Partners LLC acquired a new stake in shares of QuinStreet during the 2nd quarter valued at $170,000. Wealth Enhancement Advisory Services LLC bought a new stake in shares of QuinStreet during the 2nd quarter worth $190,000. Finally, Lazard Asset Management LLC grew its holdings in shares of QuinStreet by 225.4% in the 2nd quarter. Lazard Asset Management LLC now owns 12,008 shares of the technology company’s stock worth $193,000 after acquiring an additional 8,318 shares during the last quarter. 97.83% of the stock is currently owned by institutional investors.

QuinStreet Trading Down 1.6%

Shares of NASDAQ QNST opened at $13.99 on Thursday. QuinStreet, Inc. has a one year low of $12.98 and a one year high of $25.50. The business has a 50-day moving average price of $14.48 and a two-hundred day moving average price of $15.02. The firm has a market capitalization of $793.93 million, a PE ratio of 73.64 and a beta of 0.70.

QuinStreet (NASDAQ:QNST) last posted its quarterly earnings results on Thursday, November 6th. The technology company reported $0.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.09 by $0.13. QuinStreet had a net margin of 0.96% and a return on equity of 6.91%. The business had revenue of $285.85 million during the quarter, compared to analyst estimates of $279.73 million. During the same period in the prior year, the firm earned $0.22 earnings per share. The firm’s revenue was up 2.4% compared to the same quarter last year. Research analysts anticipate that QuinStreet, Inc. will post 0.12 EPS for the current year.

Analyst Ratings Changes

Several brokerages have recently commented on QNST. Weiss Ratings downgraded QuinStreet from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, December 29th. B. Riley boosted their price objective on QuinStreet from $25.00 to $26.00 and gave the stock a “buy” rating in a report on Wednesday, January 7th. Finally, Barrington Research reiterated an “outperform” rating and issued a $24.00 target price on shares of QuinStreet in a report on Monday, January 5th. Three analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $24.75.

QuinStreet Company Profile

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.