QuinStreet, Inc. (NASDAQ:QNST) Short Interest Up 26.0% in December

QuinStreet, Inc. (NASDAQ:QNST) was the target of a significant increase in short interest in December. As of December 15th, there was short interest totaling 2,355,476 shares, an increase of 26.0% from the November 30th total of 1,869,439 shares. Currently, 4.4% of the shares of the stock are sold short. Based on an average daily trading volume, of 613,343 shares, the days-to-cover ratio is currently 3.8 days. Based on an average daily trading volume, of 613,343 shares, the days-to-cover ratio is currently 3.8 days. Currently, 4.4% of the shares of the stock are sold short.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. lifted its holdings in QuinStreet by 0.9% in the 3rd quarter. Vanguard Group Inc. now owns 4,124,242 shares of the technology company’s stock worth $63,802,000 after buying an additional 37,537 shares during the period. Millennium Management LLC increased its stake in shares of QuinStreet by 21.3% during the third quarter. Millennium Management LLC now owns 1,682,060 shares of the technology company’s stock valued at $26,021,000 after buying an additional 295,680 shares during the period. Geode Capital Management LLC raised its holdings in shares of QuinStreet by 2.2% during the second quarter. Geode Capital Management LLC now owns 1,361,252 shares of the technology company’s stock valued at $21,918,000 after acquiring an additional 29,783 shares in the last quarter. Royce & Associates LP lifted its stake in QuinStreet by 1.3% in the third quarter. Royce & Associates LP now owns 1,325,207 shares of the technology company’s stock worth $20,501,000 after acquiring an additional 16,582 shares during the period. Finally, Dimensional Fund Advisors LP boosted its holdings in QuinStreet by 2.0% in the third quarter. Dimensional Fund Advisors LP now owns 1,182,898 shares of the technology company’s stock valued at $18,300,000 after acquiring an additional 23,626 shares in the last quarter. Hedge funds and other institutional investors own 97.83% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on QNST. Barrington Research set a $24.00 price objective on shares of QuinStreet in a report on Wednesday, October 22nd. Weiss Ratings cut shares of QuinStreet from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday. Finally, Wall Street Zen upgraded shares of QuinStreet from a “hold” rating to a “buy” rating in a research report on Friday, September 26th. Three equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $24.50.

QuinStreet Stock Down 0.1%

Shares of NASDAQ QNST opened at $14.37 on Friday. The firm’s fifty day moving average is $14.31 and its 200 day moving average is $15.17. QuinStreet has a 52 week low of $12.98 and a 52 week high of $25.50. The company has a market cap of $815.50 million, a price-to-earnings ratio of 75.64 and a beta of 0.70.

QuinStreet (NASDAQ:QNST) last announced its quarterly earnings results on Thursday, November 6th. The technology company reported $0.22 earnings per share for the quarter, beating the consensus estimate of $0.09 by $0.13. QuinStreet had a net margin of 0.96% and a return on equity of 6.91%. The business had revenue of $285.85 million during the quarter, compared to analysts’ expectations of $279.73 million. During the same quarter in the prior year, the company posted $0.22 EPS. The firm’s revenue for the quarter was up 2.4% compared to the same quarter last year. Equities research analysts anticipate that QuinStreet will post 0.12 earnings per share for the current year.

About QuinStreet

QuinStreet, Inc operates a technology-based performance marketing platform that connects companies with prospective customers across multiple verticals. The company specializes in data-driven lead generation for financial services, education, insurance, healthcare, and home services firms. By leveraging proprietary targeting algorithms and real-time analytics, QuinStreet manages customized digital marketing campaigns to optimize customer acquisition and retention for its clients.

Through a portfolio of consumer-facing websites and comparison platforms, QuinStreet delivers targeted visitors who are actively researching products and services.