Strs Ohio Purchases 19,900 Shares of QuinStreet, Inc. (NASDAQ:QNST)

Strs Ohio increased its stake in QuinStreet, Inc. (NASDAQ:QNSTGet Rating) by 117.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 36,800 shares of the technology company’s stock after buying an additional 19,900 shares during the quarter. Strs Ohio’s holdings in QuinStreet were worth $426,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Nisa Investment Advisors LLC bought a new stake in QuinStreet in the fourth quarter worth $32,000. Covestor Ltd bought a new stake in QuinStreet in the fourth quarter worth $40,000. Lazard Asset Management LLC lifted its position in QuinStreet by 97.2% in the fourth quarter. Lazard Asset Management LLC now owns 4,014 shares of the technology company’s stock worth $73,000 after buying an additional 1,978 shares during the last quarter. Teacher Retirement System of Texas bought a new stake in QuinStreet in the fourth quarter worth $183,000. Finally, ProShare Advisors LLC bought a new stake in QuinStreet in the fourth quarter worth $227,000. 91.02% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. William Blair restated an “outperform” rating on shares of QuinStreet in a research report on Thursday, April 21st. StockNews.com lowered QuinStreet from a “hold” rating to a “sell” rating in a research note on Saturday. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, QuinStreet has a consensus rating of “Hold” and an average target price of $13.50.

QuinStreet Stock Up 1.4 %

QNST stock opened at $10.96 on Tuesday. The business’s fifty day simple moving average is $10.47 and its two-hundred day simple moving average is $11.87. QuinStreet, Inc. has a twelve month low of $8.28 and a twelve month high of $21.00. The firm has a market cap of $600.68 million, a price-to-earnings ratio of 156.59 and a beta of 1.04.

QuinStreet (NASDAQ:QNSTGet Rating) last released its earnings results on Wednesday, May 4th. The technology company reported $0.04 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.05. QuinStreet had a return on equity of 1.16% and a net margin of 0.59%. The business had revenue of $150.66 million for the quarter, compared to analyst estimates of $152.51 million. Research analysts expect that QuinStreet, Inc. will post -0.05 EPS for the current year.

Insider Activity

In other news, Director James R. Simons purchased 10,000 shares of the business’s stock in a transaction dated Thursday, May 12th. The shares were purchased at an average price of $9.97 per share, for a total transaction of $99,700.00. Following the completion of the purchase, the director now owns 44,841 shares in the company, valued at approximately $447,064.77. The purchase was disclosed in a document filed with the SEC, which is available at this link. Insiders own 6.80% of the company’s stock.

QuinStreet Company Profile

(Get Rating)

QuinStreet, Inc, an online performance marketing company, provides customer acquisition services for its clients in the United States and internationally. The company offers online marketing services to its clients in the form of qualified clicks, leads, calls, applications, or customers through its websites or third-party publishers.

Further Reading

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Institutional Ownership by Quarter for QuinStreet (NASDAQ:QNST)

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