First Eagle Investment Management LLC Buys 4,000 Shares of QuinStreet, Inc. (NASDAQ:QNST)

First Eagle Investment Management LLC increased its stake in shares of QuinStreet, Inc. (NASDAQ:QNST) by 0.7% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 553,223 shares of the technology company’s stock after buying an additional 4,000 shares during the quarter. First Eagle Investment Management LLC owned 1.00% of QuinStreet worth $9,178,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of QNST. Louisiana State Employees Retirement System lifted its holdings in shares of QuinStreet by 2.3% during the second quarter. Louisiana State Employees Retirement System now owns 26,400 shares of the technology company’s stock valued at $438,000 after acquiring an additional 600 shares during the period. PEAK6 Investments LLC increased its position in shares of QuinStreet by 3.4% during the 1st quarter. PEAK6 Investments LLC now owns 25,680 shares of the technology company’s stock worth $454,000 after purchasing an additional 843 shares in the last quarter. Texas Permanent School Fund Corp lifted its holdings in QuinStreet by 1.9% during the 1st quarter. Texas Permanent School Fund Corp now owns 45,638 shares of the technology company’s stock valued at $806,000 after purchasing an additional 847 shares during the last quarter. Rhumbline Advisers boosted its position in QuinStreet by 1.1% in the second quarter. Rhumbline Advisers now owns 156,530 shares of the technology company’s stock valued at $2,597,000 after buying an additional 1,652 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD grew its stake in QuinStreet by 12.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 15,188 shares of the technology company’s stock worth $269,000 after buying an additional 1,694 shares during the last quarter. Institutional investors and hedge funds own 97.83% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. Craig Hallum lifted their target price on shares of QuinStreet from $22.00 to $25.00 and gave the company a “buy” rating in a research note on Friday, August 9th. B. Riley lifted their price objective on QuinStreet from $21.50 to $24.00 and gave the company a “buy” rating in a research report on Friday, August 9th. StockNews.com upgraded QuinStreet from a “sell” rating to a “hold” rating in a report on Monday, August 12th. Finally, Barrington Research reiterated an “outperform” rating and set a $22.00 price target on shares of QuinStreet in a research report on Friday, August 9th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $22.25.

QuinStreet Stock Performance

NASDAQ:QNST opened at $20.17 on Friday. The company has a market cap of $1.11 billion, a price-to-earnings ratio of -12.93 and a beta of 1.11. The stock’s fifty day moving average price is $18.42 and its two-hundred day moving average price is $17.47. QuinStreet, Inc. has a 52-week low of $8.44 and a 52-week high of $20.50.

QuinStreet (NASDAQ:QNST) last issued its quarterly earnings results on Thursday, August 8th. The technology company reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.01. The business had revenue of $198.32 million for the quarter, compared to analyst estimates of $186.39 million. QuinStreet had a negative return on equity of 13.00% and a negative net margin of 5.11%. The firm’s revenue for the quarter was up 52.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($1.03) earnings per share. On average, equities analysts predict that QuinStreet, Inc. will post 0.08 EPS for the current fiscal year.

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.