QuinStreet, Inc. (NASDAQ:QNST) Sees Large Growth in Short Interest

QuinStreet, Inc. (NASDAQ:QNST) saw a significant increase in short interest in February. As of February 27th, there was short interest totaling 3,664,106 shares, an increase of 25.6% from the February 12th total of 2,917,908 shares. Based on an average daily trading volume, of 846,211 shares, the short-interest ratio is currently 4.3 days. Currently, 6.8% of the shares of the stock are short sold. Currently, 6.8% of the shares of the stock are short sold. Based on an average daily trading volume, of 846,211 shares, the short-interest ratio is currently 4.3 days.

Institutional Trading of QuinStreet

A number of hedge funds and other institutional investors have recently bought and sold shares of QNST. Hsbc Holdings PLC lifted its stake in shares of QuinStreet by 28.4% in the fourth quarter. Hsbc Holdings PLC now owns 100,430 shares of the technology company’s stock valued at $1,437,000 after buying an additional 22,224 shares in the last quarter. Pacer Advisors Inc. increased its position in shares of QuinStreet by 39.6% during the fourth quarter. Pacer Advisors Inc. now owns 284,833 shares of the technology company’s stock worth $4,093,000 after acquiring an additional 80,862 shares in the last quarter. Invesco Ltd. increased its position in shares of QuinStreet by 6.8% during the fourth quarter. Invesco Ltd. now owns 262,978 shares of the technology company’s stock worth $3,779,000 after acquiring an additional 16,669 shares in the last quarter. State of Tennessee Department of Treasury raised its holdings in shares of QuinStreet by 26.9% in the 4th quarter. State of Tennessee Department of Treasury now owns 48,735 shares of the technology company’s stock worth $648,000 after acquiring an additional 10,343 shares during the last quarter. Finally, EP Wealth Advisors LLC bought a new position in QuinStreet in the 4th quarter valued at about $163,000. Institutional investors own 97.83% of the company’s stock.

QuinStreet Price Performance

QNST stock opened at $11.93 on Tuesday. The company’s 50-day moving average is $12.77 and its 200-day moving average is $14.10. The stock has a market capitalization of $679.89 million, a PE ratio of 10.94 and a beta of 0.70. QuinStreet has a 1 year low of $10.28 and a 1 year high of $19.52.

QuinStreet (NASDAQ:QNST) last issued its earnings results on Thursday, February 5th. The technology company reported $0.24 EPS for the quarter, beating analysts’ consensus estimates of $0.21 by $0.03. QuinStreet had a return on equity of 9.55% and a net margin of 5.64%.The business had revenue of $287.85 million during the quarter, compared to analyst estimates of $275.07 million. During the same period in the previous year, the company posted $0.20 EPS. The firm’s revenue was up 1.9% compared to the same quarter last year. On average, analysts anticipate that QuinStreet will post 0.12 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on QNST shares. Lake Street Capital set a $15.00 price target on QuinStreet in a research report on Friday, February 6th. Weiss Ratings upgraded QuinStreet from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, February 9th. B. Riley Financial increased their target price on QuinStreet from $25.00 to $26.00 and gave the stock a “buy” rating in a report on Wednesday, January 7th. Barrington Research restated an “outperform” rating and issued a $24.00 price target on shares of QuinStreet in a research report on Friday, February 6th. Finally, Northland Securities started coverage on QuinStreet in a research note on Tuesday. They issued an “outperform” rating and a $17.00 price target for the company. Four equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, QuinStreet presently has an average rating of “Moderate Buy” and an average target price of $22.60.

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.