Shell Asset Management Co. Boosts Holdings in QuinStreet, Inc. (NASDAQ:QNST)

Shell Asset Management Co. increased its holdings in QuinStreet, Inc. (NASDAQ:QNSTGet Rating) by 36.0% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 16,446 shares of the technology company’s stock after buying an additional 4,353 shares during the quarter. Shell Asset Management Co.’s holdings in QuinStreet were worth $165,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in QNST. KBC Group NV purchased a new position in shares of QuinStreet in the second quarter worth approximately $42,000. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of QuinStreet in the second quarter worth approximately $143,000. Hsbc Holdings PLC purchased a new position in shares of QuinStreet in the first quarter worth approximately $173,000. Dynamic Technology Lab Private Ltd purchased a new position in shares of QuinStreet in the first quarter worth approximately $196,000. Finally, SG Americas Securities LLC boosted its holdings in shares of QuinStreet by 35.3% in the second quarter. SG Americas Securities LLC now owns 27,698 shares of the technology company’s stock worth $279,000 after buying an additional 7,233 shares during the last quarter. Hedge funds and other institutional investors own 90.62% of the company’s stock.

QuinStreet Stock Performance

QNST stock opened at $14.20 on Friday. QuinStreet, Inc. has a one year low of $8.28 and a one year high of $18.75. The company’s fifty day moving average price is $11.66 and its 200-day moving average price is $11.19. The company has a market capitalization of $761.69 million, a PE ratio of -61.74 and a beta of 0.98.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on QNST shares. Barrington Research lifted their price target on shares of QuinStreet from $14.00 to $17.00 and gave the company a “buy” rating in a report on Friday, November 11th. StockNews.com started coverage on shares of QuinStreet in a report on Wednesday, October 12th. They set a “hold” rating on the stock. Finally, TheStreet raised shares of QuinStreet from a “d+” rating to a “c-” rating in a report on Friday, September 9th. Two equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, QuinStreet presently has a consensus rating of “Moderate Buy” and an average price target of $15.00.

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

See Also

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Institutional Ownership by Quarter for QuinStreet (NASDAQ:QNST)

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