Deutsche Bank AG decreased its position in shares of QuinStreet, Inc. (NASDAQ:QNST – Free Report) by 8.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 44,643 shares of the technology company’s stock after selling 4,314 shares during the quarter. Deutsche Bank AG owned approximately 0.08% of QuinStreet worth $796,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Illinois Municipal Retirement Fund grew its position in shares of QuinStreet by 4.1% during the 1st quarter. Illinois Municipal Retirement Fund now owns 31,717 shares of the technology company’s stock worth $566,000 after buying an additional 1,247 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of QuinStreet by 6.0% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 30,602 shares of the technology company’s stock worth $706,000 after buying an additional 1,731 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of QuinStreet by 11.6% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 18,881 shares of the technology company’s stock worth $337,000 after buying an additional 1,966 shares in the last quarter. Centiva Capital LP grew its position in shares of QuinStreet by 18.7% during the 4th quarter. Centiva Capital LP now owns 15,131 shares of the technology company’s stock worth $349,000 after buying an additional 2,380 shares in the last quarter. Finally, Teacher Retirement System of Texas grew its position in shares of QuinStreet by 12.1% during the 1st quarter. Teacher Retirement System of Texas now owns 22,622 shares of the technology company’s stock worth $404,000 after buying an additional 2,449 shares in the last quarter. Institutional investors own 97.83% of the company’s stock.
QuinStreet Stock Performance
Shares of NASDAQ QNST opened at $15.56 on Tuesday. The company has a market cap of $897.50 million, a PE ratio of 172.89 and a beta of 0.71. The business has a 50-day simple moving average of $15.73 and a two-hundred day simple moving average of $16.84. QuinStreet, Inc. has a fifty-two week low of $14.27 and a fifty-two week high of $26.27.
Wall Street Analysts Forecast Growth
QNST has been the topic of a number of recent research reports. Barrington Research reissued an “outperform” rating and set a $29.00 price target on shares of QuinStreet in a research report on Friday, August 8th. Lake Street Capital dropped their price target on QuinStreet from $19.00 to $18.00 and set a “hold” rating on the stock in a research report on Friday, August 8th. Stephens reissued an “overweight” rating and set a $31.00 price target on shares of QuinStreet in a research report on Thursday, May 8th. B. Riley dropped their price objective on QuinStreet from $28.00 to $25.00 and set a “buy” rating on the stock in a research report on Friday, August 8th. Finally, Wall Street Zen downgraded QuinStreet from a “buy” rating to a “hold” rating in a research report on Friday. Four investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $27.00.
View Our Latest Stock Report on QuinStreet
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.
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