Basswood Capital Management L.L.C. Has $7.14 Million Holdings in QuinStreet, Inc. $QNST

Basswood Capital Management L.L.C. lessened its position in shares of QuinStreet, Inc. (NASDAQ:QNST) by 15.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 496,545 shares of the technology company’s stock after selling 90,028 shares during the quarter. Basswood Capital Management L.L.C. owned approximately 0.87% of QuinStreet worth $7,135,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of QNST. Farther Finance Advisors LLC grew its holdings in shares of QuinStreet by 10.2% during the 4th quarter. Farther Finance Advisors LLC now owns 7,896 shares of the technology company’s stock worth $113,000 after purchasing an additional 730 shares in the last quarter. Tripletail Wealth Management LLC boosted its stake in QuinStreet by 35.2% in the 4th quarter. Tripletail Wealth Management LLC now owns 9,290 shares of the technology company’s stock valued at $133,000 after buying an additional 2,420 shares in the last quarter. FJ Capital Management LLC acquired a new stake in QuinStreet in the 3rd quarter valued at $135,000. MQS Management LLC acquired a new stake in QuinStreet in the 4th quarter valued at $159,000. Finally, Amundi acquired a new stake in QuinStreet in the 3rd quarter valued at $166,000. Institutional investors and hedge funds own 97.83% of the company’s stock.

QuinStreet Price Performance

Shares of QNST stock opened at $12.34 on Friday. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.18 and a quick ratio of 1.18. The firm has a market cap of $708.81 million, a price-to-earnings ratio of 10.82 and a beta of 0.70. The stock’s fifty day simple moving average is $12.35 and its 200 day simple moving average is $12.91. QuinStreet, Inc. has a one year low of $10.28 and a one year high of $17.13.

QuinStreet (NASDAQ:QNST) last posted its quarterly earnings data on Thursday, May 7th. The technology company reported $0.31 EPS for the quarter, topping analysts’ consensus estimates of $0.17 by $0.14. The company had revenue of $346.14 million for the quarter, compared to analyst estimates of $336.22 million. QuinStreet had a return on equity of 9.97% and a net margin of 5.53%.The business’s revenue was up 28.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.21 earnings per share. On average, analysts expect that QuinStreet, Inc. will post 0.53 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages recently commented on QNST. Weiss Ratings raised QuinStreet from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday. B. Riley Financial raised QuinStreet to a “strong-buy” rating in a research note on Thursday, April 2nd. Northland Securities began coverage on QuinStreet in a research note on Tuesday, March 17th. They issued an “outperform” rating and a $17.00 price target on the stock. Finally, Wall Street Zen lowered QuinStreet from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $20.50.

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.