Ranger Investment Management L.P. Purchases 75,174 Shares of QuinStreet, Inc. $QNST

Ranger Investment Management L.P. boosted its position in shares of QuinStreet, Inc. (NASDAQ:QNST) by 26.4% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 360,194 shares of the technology company’s stock after acquiring an additional 75,174 shares during the quarter. Ranger Investment Management L.P. owned 0.64% of QuinStreet worth $5,799,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Summit Securities Group LLC bought a new stake in shares of QuinStreet during the 1st quarter valued at about $25,000. Farther Finance Advisors LLC boosted its holdings in shares of QuinStreet by 885.1% in the second quarter. Farther Finance Advisors LLC now owns 7,221 shares of the technology company’s stock worth $116,000 after buying an additional 6,488 shares during the last quarter. Cerity Partners LLC purchased a new position in shares of QuinStreet in the second quarter worth approximately $170,000. Wealth Enhancement Advisory Services LLC bought a new stake in QuinStreet during the second quarter valued at approximately $190,000. Finally, Lazard Asset Management LLC increased its holdings in QuinStreet by 225.4% during the second quarter. Lazard Asset Management LLC now owns 12,008 shares of the technology company’s stock valued at $193,000 after buying an additional 8,318 shares during the last quarter. 97.83% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

QNST has been the topic of several analyst reports. Weiss Ratings reiterated a “sell (d+)” rating on shares of QuinStreet in a research note on Monday, December 8th. Barrington Research set a $24.00 target price on QuinStreet in a report on Wednesday, October 22nd. Finally, Wall Street Zen raised QuinStreet from a “hold” rating to a “buy” rating in a report on Friday, September 26th. Three equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $24.50.

QuinStreet Price Performance

Shares of NASDAQ QNST opened at $14.50 on Friday. The stock has a market cap of $822.88 million, a PE ratio of 76.32 and a beta of 0.75. QuinStreet, Inc. has a 1 year low of $12.98 and a 1 year high of $25.50. The firm has a fifty day moving average price of $14.33 and a 200-day moving average price of $15.27.

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

About QuinStreet

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.