150,000 Shares in QuinStreet, Inc. $QNST Purchased by Intrinsic Edge Capital Management LLC

Intrinsic Edge Capital Management LLC acquired a new position in shares of QuinStreet, Inc. (NASDAQ:QNST) in the 3rd quarter, according to its most recent filing with the SEC. The fund acquired 150,000 shares of the technology company’s stock, valued at approximately $2,320,000. Intrinsic Edge Capital Management LLC owned approximately 0.26% of QuinStreet at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in shares of QuinStreet by 8.2% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 14,622 shares of the technology company’s stock worth $235,000 after purchasing an additional 1,109 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of QuinStreet by 4.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 31,983 shares of the technology company’s stock valued at $571,000 after buying an additional 1,381 shares during the last quarter. Legal & General Group Plc raised its position in shares of QuinStreet by 1.1% in the second quarter. Legal & General Group Plc now owns 157,011 shares of the technology company’s stock valued at $2,528,000 after buying an additional 1,745 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of QuinStreet by 1.9% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 113,366 shares of the technology company’s stock worth $2,022,000 after buying an additional 2,135 shares in the last quarter. Finally, Ranger Investment Management L.P. boosted its position in QuinStreet by 0.7% during the third quarter. Ranger Investment Management L.P. now owns 362,539 shares of the technology company’s stock worth $5,608,000 after acquiring an additional 2,345 shares during the last quarter. Hedge funds and other institutional investors own 97.83% of the company’s stock.

Analyst Upgrades and Downgrades

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

QuinStreet Stock Up 1.4%

QNST stock opened at $11.73 on Wednesday. QuinStreet, Inc. has a 52-week low of $10.28 and a 52-week high of $19.52. The stock has a market cap of $668.49 million, a price-to-earnings ratio of 10.76 and a beta of 0.70. The business has a fifty day moving average of $13.20 and a two-hundred day moving average of $14.31.

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

QuinStreet 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.