QuinStreet, Inc. (NASDAQ:QNST) Shares Bought by State Board of Administration of Florida Retirement System

State Board of Administration of Florida Retirement System raised its holdings in QuinStreet, Inc. (NASDAQ:QNSTGet Rating) by 43.9% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 75,348 shares of the technology company’s stock after acquiring an additional 22,974 shares during the quarter. State Board of Administration of Florida Retirement System owned 0.14% of QuinStreet worth $758,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently bought and sold shares of the company. KBC Group NV purchased a new stake in QuinStreet during the second quarter valued at about $42,000. Mirae Asset Global Investments Co. Ltd. purchased a new stake in QuinStreet during the second quarter valued at about $143,000. Hsbc Holdings PLC purchased a new stake in QuinStreet during the first quarter valued at about $173,000. Dynamic Technology Lab Private Ltd purchased a new stake in QuinStreet during the first quarter valued at about $196,000. Finally, SG Americas Securities LLC lifted its stake in QuinStreet by 35.3% during the second quarter. SG Americas Securities LLC now owns 27,698 shares of the technology company’s stock valued at $279,000 after buying an additional 7,233 shares in the last quarter. 90.62% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. TheStreet raised shares of QuinStreet from a “d+” rating to a “c-” rating in a research note on Friday, September 9th. StockNews.com initiated coverage on shares of QuinStreet in a research note on Wednesday, October 12th. They set a “hold” rating for the company. Finally, Barrington Research upped their target price on QuinStreet from $14.00 to $17.00 and gave the company a “buy” rating in a report on Friday, November 11th. Two research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $15.00.

QuinStreet Price Performance

Shares of QNST opened at $14.20 on Friday. The company has a market capitalization of $761.69 million, a price-to-earnings ratio of -61.74 and a beta of 0.98. QuinStreet, Inc. has a fifty-two week low of $8.28 and a fifty-two week high of $18.75. The business’s 50-day moving average is $11.66 and its 200-day moving average is $11.19.

About QuinStreet

(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, such as qualified clicks, leads, calls, applications, and customers through its websites or third-party publishers.

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Institutional Ownership by Quarter for QuinStreet (NASDAQ:QNST)

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