Hillsdale Investment Management Inc. Reduces Stock Holdings in QuinStreet, Inc. $QNST

Hillsdale Investment Management Inc. cut its position in shares of QuinStreet, Inc. (NASDAQ:QNST) by 48.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 141,400 shares of the technology company’s stock after selling 130,300 shares during the period. Hillsdale Investment Management Inc. owned approximately 0.25% of QuinStreet worth $2,187,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Tripletail Wealth Management LLC acquired a new stake in shares of QuinStreet during the 3rd quarter worth approximately $105,000. Cerity Partners LLC purchased a new position in QuinStreet in the second quarter worth approximately $170,000. Savant Capital LLC acquired a new stake in QuinStreet during the third quarter worth $193,000. Lazard Asset Management LLC raised its position in QuinStreet by 225.4% in the second quarter. Lazard Asset Management LLC now owns 12,008 shares of the technology company’s stock valued at $193,000 after purchasing an additional 8,318 shares during the period. Finally, PharVision Advisers LLC acquired a new position in shares of QuinStreet in the 2nd quarter valued at $196,000. Hedge funds and other institutional investors own 97.83% of the company’s stock.

Wall Street Analysts Forecast Growth

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

QuinStreet Price Performance

NASDAQ QNST opened at $11.52 on Monday. The company has a market cap of $656.52 million, a P/E ratio of 10.57 and a beta of 0.70. The stock has a 50-day moving average of $13.64 and a two-hundred day moving average of $14.49. QuinStreet, Inc. has a 1-year low of $10.28 and a 1-year high of $21.40.

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

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.