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

QuinStreet, Inc. (NASDAQ:QNST) was the recipient of a large increase in short interest in the month of February. As of February 13th, there was short interest totaling 2,917,908 shares, an increase of 36.8% from the January 29th total of 2,132,704 shares. Based on an average trading volume of 1,400,082 shares, the days-to-cover ratio is presently 2.1 days. Currently, 5.4% of the shares of the company are sold short. Currently, 5.4% of the shares of the company are sold short. Based on an average trading volume of 1,400,082 shares, the days-to-cover ratio is presently 2.1 days.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. Barrington Research reissued an “outperform” rating and issued a $24.00 price target on shares of QuinStreet in a research note on Friday, February 6th. B. Riley Financial increased their target price on shares of QuinStreet from $25.00 to $26.00 and gave the company a “buy” rating in a research report on Wednesday, January 7th. Lake Street Capital set a $15.00 price target on shares of QuinStreet in a research report on Friday, February 6th. Finally, Weiss Ratings upgraded shares of QuinStreet from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, February 9th. Three analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $24.00.

QuinStreet Trading Down 1.3%

Shares of NASDAQ QNST traded down $0.15 during midday trading on Monday, reaching $11.57. The company’s stock had a trading volume of 554,546 shares, compared to its average volume of 868,136. The company has a market cap of $659.42 million, a price-to-earnings ratio of 10.61 and a beta of 0.70. QuinStreet has a one year low of $10.28 and a one year high of $19.75. The company has a 50 day moving average price of $13.31 and a 200 day moving average price of $14.36.

QuinStreet (NASDAQ:QNST) last posted its quarterly earnings results on Thursday, February 5th. The technology company reported $0.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.03. QuinStreet had a return on equity of 9.55% and a net margin of 5.64%.The company had revenue of $287.85 million for the quarter, compared to analysts’ expectations of $275.07 million. During the same quarter in the prior year, the company earned $0.20 earnings per share. The firm’s revenue was up 1.9% on a year-over-year basis. Research analysts anticipate that QuinStreet will post 0.12 earnings per share for the current fiscal year.

Hedge Funds Weigh In On QuinStreet

Institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its stake in QuinStreet by 3.2% during the fourth quarter. Vanguard Group Inc. now owns 4,257,710 shares of the technology company’s stock valued at $61,183,000 after buying an additional 133,468 shares in the last quarter. Private Capital Management LLC raised its holdings in shares of QuinStreet by 0.4% during the fourth quarter. Private Capital Management LLC now owns 4,171,946 shares of the technology company’s stock valued at $59,951,000 after acquiring an additional 17,690 shares during the period. Millennium Management LLC lifted its position in shares of QuinStreet by 21.3% in the 3rd quarter. Millennium Management LLC now owns 1,682,060 shares of the technology company’s stock valued at $26,021,000 after acquiring an additional 295,680 shares in the last quarter. Assenagon Asset Management S.A. boosted its stake in QuinStreet by 43.7% in the 4th quarter. Assenagon Asset Management S.A. now owns 1,633,251 shares of the technology company’s stock worth $23,470,000 after purchasing an additional 496,492 shares during the period. Finally, Goldman Sachs Group Inc. grew its position in QuinStreet by 42.1% during the 4th quarter. Goldman Sachs Group Inc. now owns 1,595,184 shares of the technology company’s stock worth $22,923,000 after purchasing an additional 472,407 shares in the last quarter. Hedge funds and other institutional investors own 97.83% of the company’s stock.

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.