Texas Permanent School Fund Boosts Position in QuinStreet, Inc. (QNST)
Texas Permanent School Fund raised its stake in shares of QuinStreet, Inc. (NASDAQ:QNST) by 0.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 26,197 shares of the technology company’s stock after buying an additional 219 shares during the period. Texas Permanent School Fund owned 0.06% of QuinStreet worth $109,000 at the end of the most recent quarter.
Other hedge funds have also bought and sold shares of the company. State Street Corp increased its stake in QuinStreet by 7.4% in the fourth quarter. State Street Corp now owns 699,571 shares of the technology company’s stock valued at $2,631,000 after buying an additional 48,458 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in QuinStreet by 2.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 740,205 shares of the technology company’s stock valued at $2,783,000 after buying an additional 18,936 shares during the last quarter. Teachers Advisors LLC increased its stake in QuinStreet by 12.5% in the fourth quarter. Teachers Advisors LLC now owns 57,717 shares of the technology company’s stock valued at $217,000 after buying an additional 6,411 shares during the last quarter. Bank of New York Mellon Corp increased its stake in QuinStreet by 0.7% in the first quarter. Bank of New York Mellon Corp now owns 407,747 shares of the technology company’s stock valued at $1,591,000 after buying an additional 2,696 shares during the last quarter. Finally, Comerica Bank increased its stake in QuinStreet by 3.2% in the first quarter. Comerica Bank now owns 39,257 shares of the technology company’s stock valued at $174,000 after buying an additional 1,205 shares during the last quarter. 62.87% of the stock is owned by institutional investors and hedge funds.
Shares of QuinStreet, Inc. (QNST) opened at 5.33 on Thursday. QuinStreet, Inc. has a 52-week low of $2.61 and a 52-week high of $5.35. The company has a 50-day moving average of $4.05 and a 200 day moving average of $3.85. The firm’s market cap is $242.34 million.
QuinStreet (NASDAQ:QNST) last released its quarterly earnings results on Tuesday, August 8th. The technology company reported $0.06 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.07 by $0.01. The company had revenue of $81.50 million during the quarter, compared to the consensus estimate of $80.91 million. QuinStreet had a negative return on equity of 2.36% and a negative net margin of 4.07%. The company’s revenue was up 3.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.02 earnings per share. On average, equities analysts expect that QuinStreet, Inc. will post $0.21 earnings per share for the current year.
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Separately, TheStreet raised shares of QuinStreet from a “d+” rating to a “c” rating in a research report on Wednesday, June 28th.
QuinStreet Company Profile
QuinStreet, Inc is an online performance marketing company. The Company provides vertically oriented customer acquisition programs for its clients. The Company operating segments include Direct Marketing Services (DMS) business. Its DMS business derives its net revenue from fees earned through the delivery of qualified leads, clicks, calls or customers, and display advertisements, or impressions.
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