Algert Global LLC Buys 358,610 Shares of QuinStreet, Inc. $QNST

Algert Global LLC raised its stake in QuinStreet, Inc. (NASDAQ:QNST) by 161.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 580,853 shares of the technology company’s stock after acquiring an additional 358,610 shares during the quarter. Algert Global LLC owned approximately 1.02% of QuinStreet worth $8,986,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in QuinStreet by 4.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 31,983 shares of the technology company’s stock worth $571,000 after acquiring an additional 1,381 shares during the last quarter. Millennium Management LLC boosted its holdings in QuinStreet by 213.3% in the 1st quarter. Millennium Management LLC now owns 714,482 shares of the technology company’s stock worth $12,746,000 after buying an additional 486,406 shares during the period. Goldman Sachs Group Inc. boosted its holdings in QuinStreet by 19.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 540,286 shares of the technology company’s stock worth $9,639,000 after buying an additional 88,431 shares during the period. Caxton Associates LLP purchased a new position in shares of QuinStreet in the first quarter valued at $299,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of QuinStreet by 1.9% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 113,366 shares of the technology company’s stock valued at $2,022,000 after purchasing an additional 2,135 shares in the last quarter. Hedge funds and other institutional investors own 97.83% of the company’s stock.

QuinStreet Stock Down 4.1%

Shares of QNST stock opened at $11.93 on Tuesday. The business has a 50-day moving average price of $12.77 and a two-hundred day moving average price of $14.10. QuinStreet, Inc. has a 12-month low of $10.28 and a 12-month high of $19.52. The firm has a market cap of $679.89 million, a P/E ratio of 10.94 and a beta of 0.70.

QuinStreet (NASDAQ:QNST) last announced its quarterly earnings data on Thursday, February 5th. The technology company reported $0.24 earnings per share for the quarter, beating analysts’ consensus estimates of $0.21 by $0.03. The company had revenue of $287.85 million for the quarter, compared to analysts’ expectations of $275.07 million. QuinStreet had a return on equity of 9.55% and a net margin of 5.64%.QuinStreet’s revenue for the quarter was up 1.9% compared to the same quarter last year. During the same period last year, the firm posted $0.20 EPS. As a group, research analysts expect that QuinStreet, Inc. will post 0.12 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on QNST. Lake Street Capital set a $15.00 price objective on QuinStreet in a report on Friday, February 6th. Barrington Research reaffirmed an “outperform” rating and set a $24.00 price objective on shares of QuinStreet in a research note on Friday, February 6th. B. Riley Financial upped their target price on shares of QuinStreet from $25.00 to $26.00 and gave the stock a “buy” rating in a report on Wednesday, January 7th. Finally, Weiss Ratings upgraded shares of QuinStreet from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, February 9th. Three investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $24.00.

QuinStreet Company Profile

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.