The Manufacturers Life Insurance Company Boosts Stock Position in QuinStreet, Inc. (NASDAQ:QNST)

The Manufacturers Life Insurance Company lifted its holdings in QuinStreet, Inc. (NASDAQ:QNST) by 3.6% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 20,539 shares of the technology company’s stock after purchasing an additional 719 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in QuinStreet were worth $341,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Louisiana State Employees Retirement System grew its holdings in shares of QuinStreet by 2.3% in the second quarter. Louisiana State Employees Retirement System now owns 26,400 shares of the technology company’s stock valued at $438,000 after purchasing an additional 600 shares in the last quarter. PEAK6 Investments LLC grew its holdings in shares of QuinStreet by 3.4% in the first quarter. PEAK6 Investments LLC now owns 25,680 shares of the technology company’s stock valued at $454,000 after purchasing an additional 843 shares in the last quarter. Texas Permanent School Fund Corp grew its holdings in shares of QuinStreet by 1.9% in the first 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 in the last quarter. Rhumbline Advisers boosted its stake in QuinStreet by 1.1% during the second quarter. Rhumbline Advisers now owns 156,530 shares of the technology company’s stock worth $2,597,000 after buying an additional 1,652 shares during the period. Finally, Price T Rowe Associates Inc. MD boosted 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 period. 97.83% of the stock is owned by hedge funds and other institutional investors.

QuinStreet Trading Down 1.0 %

Shares of QNST opened at $19.23 on Friday. The firm has a market capitalization of $1.06 billion, a P/E ratio of -12.33 and a beta of 1.11. QuinStreet, Inc. has a 12-month low of $9.89 and a 12-month high of $20.91. The firm has a fifty day moving average price of $18.74 and a 200-day moving average price of $17.88.

QuinStreet (NASDAQ:QNST) last released 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. The firm had revenue of $198.32 million during the quarter, compared to the consensus estimate 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 quarterly revenue was up 52.2% on a year-over-year basis. During the same period in the previous year, the company posted ($1.03) earnings per share. Analysts predict that QuinStreet, Inc. will post 0.08 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms have commented on QNST. Craig Hallum lifted their price objective on shares of QuinStreet from $22.00 to $25.00 and gave the stock a “buy” rating in a research note on Friday, August 9th. B. Riley lifted their price objective on shares of QuinStreet from $21.50 to $24.00 and gave the stock a “buy” rating in a research note on Friday, August 9th. StockNews.com raised shares of QuinStreet from a “sell” rating to a “hold” rating in a research note on Thursday. Finally, Barrington Research reaffirmed an “outperform” rating and set a $22.00 price objective on shares of QuinStreet in a research note on Friday, August 9th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $22.25.

About QuinStreet

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.