Zurcher Kantonalbank Zurich Cantonalbank Increases Stock Holdings in QuinStreet, Inc. (NASDAQ:QNST)

Zurcher Kantonalbank Zurich Cantonalbank raised its position in QuinStreet, Inc. (NASDAQ:QNST) by 11.6% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 18,881 shares of the technology company’s stock after purchasing an additional 1,966 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in QuinStreet were worth $337,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in QNST. CWM LLC lifted its holdings in QuinStreet by 326.7% in the 1st quarter. CWM LLC now owns 6,144 shares of the technology company’s stock valued at $110,000 after purchasing an additional 4,704 shares in the last quarter. Kapitalo Investimentos Ltda acquired a new stake in shares of QuinStreet in the 1st quarter worth $184,000. Pictet Asset Management Holding SA acquired a new stake in shares of QuinStreet in the 4th quarter worth $203,000. Signaturefd LLC increased its stake in shares of QuinStreet by 81,292.9% in the 1st quarter. Signaturefd LLC now owns 11,395 shares of the technology company’s stock worth $203,000 after acquiring an additional 11,381 shares during the last quarter. Finally, Aquatic Capital Management LLC acquired a new stake in shares of QuinStreet in the 4th quarter worth $213,000. Hedge funds and other institutional investors own 97.83% of the company’s stock.

QuinStreet Trading Down 6.2%

Shares of NASDAQ:QNST opened at $15.19 on Friday. The business has a 50-day moving average price of $15.86 and a 200 day moving average price of $17.59. The company has a market capitalization of $857.78 million, a price-to-earnings ratio of 168.78 and a beta of 0.71. QuinStreet, Inc. has a 12-month low of $14.39 and a 12-month high of $26.27.

QuinStreet (NASDAQ:QNST) last issued its quarterly earnings data on Thursday, August 7th. The technology company reported $0.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.01). The business had revenue of $262.05 million for the quarter, compared to analyst estimates of $255.84 million. QuinStreet had a return on equity of 4.65% and a net margin of 0.43%. The firm’s revenue for the quarter was up 32.1% compared to the same quarter last year. During the same period in the previous year, the business posted $0.11 earnings per share. As a group, equities research analysts predict that QuinStreet, Inc. will post 0.12 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. Wall Street Zen raised QuinStreet from a “hold” rating to a “buy” rating in a research note on Saturday, June 21st. Barrington Research reaffirmed an “outperform” rating and issued a $29.00 target price on shares of QuinStreet in a research note on Friday. Lake Street Capital cut their target price on QuinStreet from $19.00 to $18.00 and set a “hold” rating for the company in a research note on Friday. B. Riley cut their target price on QuinStreet from $28.00 to $25.00 and set a “buy” rating for the company in a research note on Friday. Finally, Stephens reaffirmed an “overweight” rating and issued a $31.00 target price on shares of QuinStreet in a research note on Thursday, May 8th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, QuinStreet currently has an average rating of “Moderate Buy” and a consensus target price of $27.00.

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.