Cornerstone Capital Management Holdings LLC. Buys 29,700 Shares of QuinStreet, Inc. (QNST)

Cornerstone Capital Management Holdings LLC. increased its stake in shares of QuinStreet, Inc. (NASDAQ:QNST) by 167.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 47,400 shares of the technology company’s stock after purchasing an additional 29,700 shares during the quarter. Cornerstone Capital Management Holdings LLC. owned 0.10% of QuinStreet worth $196,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Voya Investment Management LLC lifted its holdings in shares of QuinStreet by 21.7% during the second quarter. Voya Investment Management LLC now owns 29,642 shares of the technology company’s stock worth $124,000 after purchasing an additional 5,278 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of QuinStreet by 8.3% during the second quarter. Dimensional Fund Advisors LP now owns 848,346 shares of the technology company’s stock worth $3,538,000 after purchasing an additional 65,036 shares during the period. Parametric Portfolio Associates LLC lifted its holdings in shares of QuinStreet by 57.4% during the second quarter. Parametric Portfolio Associates LLC now owns 60,891 shares of the technology company’s stock worth $254,000 after purchasing an additional 22,212 shares during the period. Vanguard Group Inc. lifted its holdings in shares of QuinStreet by 22.3% during the second quarter. Vanguard Group Inc. now owns 1,623,130 shares of the technology company’s stock worth $6,768,000 after purchasing an additional 296,222 shares during the period. Finally, Northern Trust Corp lifted its holdings in shares of QuinStreet by 10.6% during the second quarter. Northern Trust Corp now owns 424,285 shares of the technology company’s stock worth $1,769,000 after purchasing an additional 40,747 shares during the period. 62.55% of the stock is owned by hedge funds and other institutional investors.

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Shares of QuinStreet, Inc. (NASDAQ QNST) opened at 7.18 on Monday. The firm’s market capitalization is $328.21 million. The company’s 50 day moving average price is $7.00 and its 200 day moving average price is $4.87. QuinStreet, Inc. has a one year low of $2.61 and a one year high of $8.00.

QuinStreet (NASDAQ:QNST) last released its quarterly earnings data on Tuesday, August 8th. The technology company reported $0.06 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.07 by ($0.01). QuinStreet had a negative net margin of 4.07% and a negative return on equity of 2.36%. The company had revenue of $81.50 million for the quarter, compared to analyst estimates of $80.91 million. During the same quarter in the prior year, the firm earned $0.02 EPS. The company’s revenue for the quarter was up 3.0% compared to the same quarter last year. On average, analysts expect that QuinStreet, Inc. will post $0.21 EPS for the current fiscal year.

QuinStreet Company Profile

QuinStreet, Inc is an online performance marketing company. The Company provides vertically oriented customer acquisition programs for its clients. The Company operating segments include Direct Marketing Services (DMS) business. Its DMS business derives its net revenue from fees earned through the delivery of qualified leads, clicks, calls or customers, and display advertisements, or impressions.

Institutional Ownership by Quarter for QuinStreet (NASDAQ:QNST)

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