QuinStreet, Inc. $QNST Stock Holdings Lifted by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd raised its position in shares of QuinStreet, Inc. (NASDAQ:QNST) by 113.9% in the third quarter, Holdings Channel reports. The firm owned 137,123 shares of the technology company’s stock after buying an additional 73,021 shares during the period. Y Intercept Hong Kong Ltd’s holdings in QuinStreet were worth $2,121,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Tripletail Wealth Management LLC bought a new position in QuinStreet during the third quarter valued at approximately $105,000. Farther Finance Advisors LLC boosted its holdings in 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 purchasing an additional 6,488 shares in the last quarter. Cerity Partners LLC bought a new position in QuinStreet during the second quarter valued at about $170,000. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of QuinStreet in the second quarter worth about $190,000. Finally, Lazard Asset Management LLC boosted its stake in shares of QuinStreet by 225.4% during the 2nd quarter. Lazard Asset Management LLC now owns 12,008 shares of the technology company’s stock worth $193,000 after acquiring an additional 8,318 shares in the last quarter. 97.83% of the stock is currently owned by institutional investors and hedge funds.

QuinStreet Trading Down 1.6%

Shares of QuinStreet stock opened at $13.99 on Thursday. QuinStreet, Inc. has a 1 year low of $12.98 and a 1 year high of $25.50. The company’s fifty day simple moving average is $14.48 and its 200-day simple moving average is $15.02. The company has a market cap of $793.93 million, a price-to-earnings ratio of 73.64 and a beta of 0.70.

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

Analyst Ratings Changes

Several equities research analysts recently weighed in on QNST shares. Weiss Ratings lowered QuinStreet from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, December 29th. Barrington Research reiterated an “outperform” rating and issued a $24.00 target price on shares of QuinStreet in a research note on Monday, January 5th. Finally, B. Riley boosted their target price on shares of QuinStreet from $25.00 to $26.00 and gave the stock a “buy” rating in a research report on Wednesday, January 7th. Three 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. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $24.75.

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.