SG Americas Securities LLC Purchases Shares of 25,601 QuinStreet, Inc. (NASDAQ:QNST)

SG Americas Securities LLC purchased a new stake in QuinStreet, Inc. (NASDAQ:QNST) in the 3rd quarter, according to its most recent filing with the SEC. The fund purchased 25,601 shares of the technology company’s stock, valued at approximately $490,000.

Other institutional investors also recently made changes to their positions in the company. Quarry LP grew its stake in shares of QuinStreet by 11,330.0% during the 2nd quarter. Quarry LP now owns 2,286 shares of the technology company’s stock valued at $38,000 after buying an additional 2,266 shares during the period. SageView Advisory Group LLC purchased a new stake in shares of QuinStreet during the 1st quarter valued at $60,000. RiverPark Advisors LLC purchased a new stake in shares of QuinStreet during the 1st quarter valued at $127,000. Victory Capital Management Inc. purchased a new stake in shares of QuinStreet during the 2nd quarter valued at $175,000. Finally, ProShare Advisors LLC purchased a new stake in shares of QuinStreet during the 1st quarter valued at $188,000. 97.83% of the stock is owned by hedge funds and other institutional investors.

QuinStreet Price Performance

NASDAQ:QNST opened at $19.43 on Thursday. The firm has a 50-day moving average of $18.73 and a two-hundred day moving average of $17.87. The stock has a market cap of $1.07 billion, a P/E ratio of -12.46 and a beta of 1.11. QuinStreet, Inc. has a 1-year low of $9.89 and a 1-year high of $20.91.

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 analysts’ consensus estimates of $0.10 by $0.01. The company had revenue of $198.32 million during the quarter, compared to analysts’ expectations of $186.39 million. QuinStreet had a negative net margin of 5.11% and a negative return on equity of 13.00%. The firm’s revenue for the quarter was up 52.2% on a year-over-year basis. During the same period in the prior year, the company posted ($1.03) EPS. As a group, equities analysts expect that QuinStreet, Inc. will post 0.08 earnings per share for the current year.

Analyst Upgrades and Downgrades

QNST has been the subject of several research reports. Craig Hallum boosted their price objective 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. Barrington Research reaffirmed an “outperform” rating and set a $22.00 price target on shares of QuinStreet in a research report on Friday, August 9th. StockNews.com cut shares of QuinStreet from a “hold” rating to a “sell” rating in a research report on Wednesday, October 9th. Finally, B. Riley upped their price target on shares of QuinStreet from $21.50 to $24.00 and gave the stock a “buy” rating in a research report on Friday, August 9th. One equities research analyst has rated the stock with a sell rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, QuinStreet presently has an average rating of “Moderate Buy” and a consensus target price of $22.25.

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.