Deutsche Bank AG Acquires 15,191 Shares of QuinStreet, Inc. (NASDAQ:QNST)

Deutsche Bank AG increased its stake in QuinStreet, Inc. (NASDAQ:QNST) by 45.0% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 48,957 shares of the technology company’s stock after acquiring an additional 15,191 shares during the quarter. Deutsche Bank AG owned 0.09% of QuinStreet worth $1,129,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of QNST. Driehaus Capital Management LLC grew its stake in shares of QuinStreet by 28.4% in the 4th quarter. Driehaus Capital Management LLC now owns 2,787,695 shares of the technology company’s stock valued at $64,312,000 after buying an additional 617,216 shares during the period. Invesco Ltd. grew its stake in QuinStreet by 177.8% in the fourth quarter. Invesco Ltd. now owns 946,108 shares of the technology company’s stock valued at $21,827,000 after acquiring an additional 605,500 shares during the period. BNP Paribas Financial Markets increased its holdings in shares of QuinStreet by 537.4% during the fourth quarter. BNP Paribas Financial Markets now owns 332,763 shares of the technology company’s stock valued at $7,677,000 after acquiring an additional 280,554 shares in the last quarter. Oberweis Asset Management Inc. bought a new stake in shares of QuinStreet during the fourth quarter valued at approximately $5,191,000. Finally, American Century Companies Inc. raised its position in shares of QuinStreet by 9.9% during the fourth quarter. American Century Companies Inc. now owns 2,228,568 shares of the technology company’s stock worth $51,413,000 after purchasing an additional 201,052 shares during the period. Institutional investors and hedge funds own 97.83% of the company’s stock.

QuinStreet Stock Down 2.2%

Shares of NASDAQ QNST opened at $14.92 on Monday. The company has a market capitalization of $842.52 million, a PE ratio of -67.82 and a beta of 0.79. The stock’s 50 day moving average price is $16.71 and its 200-day moving average price is $20.03. QuinStreet, Inc. has a twelve month low of $14.39 and a twelve month high of $26.27.

QuinStreet (NASDAQ:QNST) last posted its quarterly earnings data on Wednesday, May 7th. The technology company reported $0.21 earnings per share for the quarter, topping the consensus estimate of $0.06 by $0.15. The business had revenue of $269.84 million for the quarter, compared to analysts’ expectations of $270.36 million. QuinStreet had a negative return on equity of 4.13% and a negative net margin of 1.31%. The business’s revenue was up 60.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.06 earnings per share. As a group, research analysts expect that QuinStreet, Inc. will post 0.12 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Stephens restated an “overweight” rating and set a $31.00 price target on shares of QuinStreet in a research note on Thursday, May 8th. B. Riley restated a “buy” rating and issued a $34.00 target price (up previously from $32.00) on shares of QuinStreet in a report on Friday, February 7th. Wall Street Zen upgraded QuinStreet from a “sell” rating to a “hold” rating in a research note on Monday, February 10th. Barrington Research reissued an “outperform” rating and issued a $29.00 price objective on shares of QuinStreet in a research note on Wednesday, April 23rd. Finally, Lake Street Capital cut their target price on QuinStreet from $27.00 to $19.00 and set a “hold” rating on the stock in a research report on Thursday, May 8th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, QuinStreet presently has a consensus rating of “Moderate Buy” and an average target price of $29.00.

QuinStreet Profile

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.