Jacobs Asset Management LLC Grows Stock Position in QuinStreet, Inc. $QNST

Jacobs Asset Management LLC lifted its holdings in QuinStreet, Inc. (NASDAQ:QNST) by 21.6% in the first quarter, HoldingsChannel reports. The firm owned 1,134,300 shares of the technology company’s stock after purchasing an additional 201,800 shares during the quarter. QuinStreet accounts for 8.2% of Jacobs Asset Management LLC’s portfolio, making the stock its 2nd largest position. Jacobs Asset Management LLC’s holdings in QuinStreet were worth $13,623,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Vanguard Group Inc. raised 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 purchasing an additional 133,468 shares in the last quarter. Private Capital Management LLC grew its stake in shares of QuinStreet by 0.4% in the 4th quarter. Private Capital Management LLC now owns 4,171,946 shares of the technology company’s stock worth $59,951,000 after buying an additional 17,690 shares in the last quarter. Millennium Management LLC increased its holdings 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 worth $26,021,000 after buying an additional 295,680 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of QuinStreet by 42.1% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,595,184 shares of the technology company’s stock worth $22,923,000 after buying an additional 472,407 shares during the last quarter. Finally, Royce & Associates LP raised its position in shares of QuinStreet by 2.7% during the 4th quarter. Royce & Associates LP now owns 1,360,352 shares of the technology company’s stock valued at $19,548,000 after buying an additional 35,145 shares in the last quarter. Institutional investors own 97.83% of the company’s stock.

Insider Buying and Selling

In related news, CFO Gregory Wong sold 22,057 shares of the company’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $12.19, for a total transaction of $268,874.83. Following the transaction, the chief financial officer directly owned 400,682 shares in the company, valued at approximately $4,884,313.58. This represents a 5.22% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 5.00% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on QNST. B. Riley Financial raised shares of QuinStreet to a “strong-buy” rating in a report on Thursday, April 2nd. Weiss Ratings raised QuinStreet from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday, July 9th. Zacks Research downgraded QuinStreet from a “hold” rating to a “strong sell” rating in a research report on Wednesday, July 1st. Finally, Wall Street Zen lowered QuinStreet from a “buy” rating to a “hold” rating in a research note on Saturday, July 4th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $20.50.

QuinStreet Stock Up 1.1%

NASDAQ QNST opened at $15.15 on Friday. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.23. QuinStreet, Inc. has a 52 week low of $10.28 and a 52 week high of $18.02. The firm has a market capitalization of $870.22 million, a price-to-earnings ratio of 13.29 and a beta of 0.67. The company has a fifty day moving average of $13.95 and a two-hundred day moving average of $13.08.

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