QuinStreet, Inc. (NASDAQ:QNST) Shares Bought by Public Sector Pension Investment Board

Public Sector Pension Investment Board boosted its stake in shares of QuinStreet, Inc. (NASDAQ:QNST) by 7.4% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 115,519 shares of the technology company’s stock after purchasing an additional 7,921 shares during the period. Public Sector Pension Investment Board owned approximately 0.21% of QuinStreet worth $1,916,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in QNST. Louisiana State Employees Retirement System grew its position in 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 buying an additional 600 shares during the period. PEAK6 Investments LLC raised its holdings in QuinStreet by 3.4% in 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 during the period. Texas Permanent School Fund Corp boosted its position in QuinStreet by 1.9% during the first quarter. Texas Permanent School Fund Corp now owns 45,638 shares of the technology company’s stock worth $806,000 after purchasing an additional 847 shares in the last quarter. Rhumbline Advisers grew its holdings 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 purchasing an additional 1,652 shares during the period. Finally, Price T Rowe Associates Inc. MD increased its position in shares of QuinStreet by 12.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 15,188 shares of the technology company’s stock valued at $269,000 after buying an additional 1,694 shares in the last quarter. 97.83% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. Craig Hallum upped their price objective on shares of QuinStreet from $22.00 to $25.00 and gave the stock a “buy” rating in a research report on Friday, August 9th. B. Riley upped their price objective on shares of QuinStreet from $21.50 to $24.00 and gave the company a “buy” rating in a research note on Friday, August 9th. StockNews.com lowered shares of QuinStreet from a “hold” rating to a “sell” rating in a research report on Monday, September 23rd. Finally, Barrington Research restated an “outperform” rating and issued a $22.00 price objective on shares of QuinStreet in a report on Friday, August 9th. One analyst has rated the stock with a sell rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $22.25.

QuinStreet Stock Performance

Shares of QNST opened at $19.00 on Monday. The stock has a 50-day simple moving average of $18.63 and a 200-day simple moving average of $17.67. QuinStreet, Inc. has a 1 year low of $8.44 and a 1 year high of $20.91. The stock has a market capitalization of $1.07 billion, a PE ratio of -12.18 and a beta of 1.11.

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

QuinStreet Company 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.