Y Intercept Hong Kong Ltd Sells 204,919 Shares of QuinStreet, Inc. $QNST

Y Intercept Hong Kong Ltd decreased its stake in QuinStreet, Inc. (NASDAQ:QNST) by 91.0% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 20,254 shares of the technology company’s stock after selling 204,919 shares during the period. Y Intercept Hong Kong Ltd’s holdings in QuinStreet were worth $243,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of QNST. Farther Finance Advisors LLC boosted its stake in shares of QuinStreet by 10.2% in the 4th quarter. Farther Finance Advisors LLC now owns 7,896 shares of the technology company’s stock valued at $113,000 after purchasing an additional 730 shares in the last quarter. Entropy Technologies LP increased its position in shares of QuinStreet by 10.0% during the 3rd quarter. Entropy Technologies LP now owns 14,063 shares of the technology company’s stock worth $218,000 after purchasing an additional 1,284 shares in the last quarter. Captrust Financial Advisors lifted its holdings in QuinStreet by 0.8% during the 4th quarter. Captrust Financial Advisors now owns 173,144 shares of the technology company’s stock valued at $2,488,000 after purchasing an additional 1,379 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in QuinStreet by 4.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 31,983 shares of the technology company’s stock valued at $571,000 after purchasing an additional 1,381 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its position in QuinStreet by 4.7% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 31,107 shares of the technology company’s stock valued at $448,000 after buying an additional 1,391 shares in the last quarter. 97.83% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

QNST has been the topic of several research analyst reports. Zacks Research cut shares of QuinStreet from a “hold” rating to a “strong sell” rating in a research note on Wednesday, July 1st. Wall Street Zen cut shares of QuinStreet from a “buy” rating to a “hold” rating in a research note on Saturday, July 4th. Weiss Ratings raised QuinStreet from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, July 9th. Finally, B. Riley Financial upgraded QuinStreet to a “strong-buy” rating in a research report on Thursday, April 2nd. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, QuinStreet presently has an average rating of “Moderate Buy” and a consensus target price of $20.50.

Insiders Place Their Bets

In related news, CFO Gregory Wong sold 22,057 shares of the business’s stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $12.19, for a total value of $268,874.83. Following the completion of the transaction, the chief financial officer owned 400,682 shares in the company, valued at $4,884,313.58. The trade was a 5.22% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 5.00% of the stock is owned by company insiders.

QuinStreet Trading Down 1.0%

QNST opened at $17.55 on Thursday. QuinStreet, Inc. has a 1-year low of $10.28 and a 1-year high of $18.02. The stock has a market capitalization of $1.01 billion, a PE ratio of 15.39 and a beta of 0.67. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.23. The firm has a 50-day moving average price of $13.39 and a two-hundred day moving average price of $12.98.

QuinStreet (NASDAQ:QNST) last announced its earnings results on Thursday, May 7th. The technology company reported $0.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.17 by $0.14. QuinStreet had a net margin of 5.53% and a return on equity of 9.97%. The company had revenue of $346.14 million for the quarter, compared to analyst estimates of $336.22 million. During the same period in the prior year, the business earned $0.21 earnings per share. QuinStreet’s quarterly revenue was up 28.3% on a year-over-year basis. As a group, equities analysts anticipate that QuinStreet, Inc. will post 0.53 earnings per share for the current fiscal year.

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.