QuinStreet, Inc. (NASDAQ:QNST) Shares Acquired by XTX Topco Ltd

XTX Topco Ltd boosted its position in QuinStreet, Inc. (NASDAQ:QNST) by 491.3% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 60,761 shares of the technology company’s stock after purchasing an additional 50,486 shares during the quarter. XTX Topco Ltd owned about 0.11% of QuinStreet worth $1,084,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Sei Investments Co. grew its holdings in shares of QuinStreet by 9.2% during the 4th quarter. Sei Investments Co. now owns 101,728 shares of the technology company’s stock worth $2,347,000 after purchasing an additional 8,577 shares during the period. KLP Kapitalforvaltning AS purchased a new position in shares of QuinStreet in the 4th quarter valued at about $240,000. Vanguard Group Inc. boosted its stake in shares of QuinStreet by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 4,002,030 shares of the technology company’s stock valued at $92,327,000 after buying an additional 26,169 shares during the period. JPMorgan Chase & Co. raised its position in shares of QuinStreet by 18.3% during the 4th quarter. JPMorgan Chase & Co. now owns 532,078 shares of the technology company’s stock worth $12,275,000 after acquiring an additional 82,489 shares in the last quarter. Finally, Pictet Asset Management Holding SA acquired a new stake in shares of QuinStreet during the 4th quarter worth about $203,000. 97.83% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have commented on the company. Barrington Research reaffirmed an “outperform” rating and set a $29.00 price target on shares of QuinStreet in a research report on Wednesday, April 23rd. Stephens reiterated an “overweight” rating and issued a $31.00 target price on shares of QuinStreet in a research note on Thursday, May 8th. Lake Street Capital decreased their price target on QuinStreet from $27.00 to $19.00 and set a “hold” rating on the stock in a research note on Thursday, May 8th. Finally, Wall Street Zen upgraded QuinStreet from a “hold” rating to a “buy” rating in a research report on Saturday, June 21st. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $29.00.

QuinStreet Stock Down 1.0%

NASDAQ QNST opened at $16.25 on Friday. QuinStreet, Inc. has a fifty-two week low of $14.39 and a fifty-two week high of $26.27. The stock has a market cap of $917.64 million, a price-to-earnings ratio of -1,623.38 and a beta of 0.71. The business has a fifty day moving average of $15.75 and a 200-day moving average of $17.77.

QuinStreet (NASDAQ:QNST) last released its earnings results on Wednesday, May 7th. The technology company reported $0.21 EPS for the quarter, beating the consensus estimate of $0.06 by $0.15. The firm had revenue of $269.84 million during the quarter, compared to analyst estimates of $270.36 million. QuinStreet had a positive return on equity of 1.08% and a negative net margin of 0.06%. The business’s quarterly revenue was up 60.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.06 earnings per share. As a group, analysts anticipate that QuinStreet, Inc. will post 0.12 EPS for the current year.

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.