QuinStreet, Inc. (NASDAQ:QNST) Short Interest Update

QuinStreet, Inc. (NASDAQ:QNST) saw a large decrease in short interest during the month of January. As of January 30th, there was short interest totaling 2,132,704 shares, a decrease of 18.8% from the January 15th total of 2,625,368 shares. Based on an average trading volume of 617,927 shares, the short-interest ratio is presently 3.5 days. Currently, 4.0% of the shares of the stock are short sold. Currently, 4.0% of the shares of the stock are short sold. Based on an average trading volume of 617,927 shares, the short-interest ratio is presently 3.5 days.

QuinStreet Price Performance

Shares of QuinStreet stock traded down $0.15 during midday trading on Tuesday, reaching $11.10. The company had a trading volume of 1,109,302 shares, compared to its average volume of 1,000,230. The stock has a fifty day moving average price of $13.83 and a 200 day moving average price of $14.60. QuinStreet has a fifty-two week low of $10.28 and a fifty-two week high of $23.24. The firm has a market cap of $632.59 million, a PE ratio of 10.18 and a beta of 0.70.

QuinStreet (NASDAQ:QNST) last released its earnings results on Thursday, February 5th. The technology company reported $0.24 earnings per share for the quarter, beating analysts’ consensus estimates of $0.21 by $0.03. The business had revenue of $287.85 million during the quarter, compared to the consensus estimate of $275.07 million. QuinStreet had a net margin of 5.64% and a return on equity of 9.55%. The company’s revenue for the quarter was up 1.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.20 EPS. As a group, sell-side analysts forecast that QuinStreet will post 0.12 EPS for the current year.

Wall Street Analyst Weigh In

QNST has been the subject of several research reports. Barrington Research reiterated an “outperform” rating and issued a $24.00 target price on shares of QuinStreet in a research report on Friday, February 6th. B. Riley Financial raised their price objective on shares of QuinStreet from $25.00 to $26.00 and gave the company a “buy” rating in a report on Wednesday, January 7th. Weiss Ratings upgraded shares of QuinStreet from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, February 9th. Finally, Lake Street Capital set a $15.00 target price on shares of QuinStreet in a report on Friday, February 6th. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, QuinStreet currently has a consensus rating of “Moderate Buy” and a consensus target price of $24.00.

Hedge Funds Weigh In On QuinStreet

Several hedge funds and other institutional investors have recently bought and sold shares of QNST. Vanguard Group Inc. boosted its holdings in QuinStreet by 3.2% in the fourth quarter. Vanguard Group Inc. now owns 4,257,710 shares of the technology company’s stock worth $61,183,000 after acquiring an additional 133,468 shares in the last quarter. Millennium Management LLC lifted its holdings in shares of QuinStreet by 21.3% in the 3rd quarter. Millennium Management LLC now owns 1,682,060 shares of the technology company’s stock worth $26,021,000 after purchasing an additional 295,680 shares in the last quarter. Assenagon Asset Management S.A. grew its position in QuinStreet by 43.7% in the 4th quarter. Assenagon Asset Management S.A. now owns 1,633,251 shares of the technology company’s stock valued at $23,470,000 after purchasing an additional 496,492 shares during the period. Goldman Sachs Group Inc. grew its position in QuinStreet by 42.1% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,595,184 shares of the technology company’s stock valued at $22,923,000 after purchasing an additional 472,407 shares during the period. Finally, Geode Capital Management LLC increased its stake in QuinStreet by 2.2% during the 2nd quarter. Geode Capital Management LLC now owns 1,361,252 shares of the technology company’s stock valued at $21,918,000 after purchasing an additional 29,783 shares in the last quarter. Institutional investors and hedge funds own 97.83% of the company’s stock.

About QuinStreet

QuinStreet, Inc operates a technology-based performance marketing platform that connects companies with prospective customers across multiple verticals. The company specializes in data-driven lead generation for financial services, education, insurance, healthcare, and home services firms. By leveraging proprietary targeting algorithms and real-time analytics, QuinStreet manages customized digital marketing campaigns to optimize customer acquisition and retention for its clients.

Through a portfolio of consumer-facing websites and comparison platforms, QuinStreet delivers targeted visitors who are actively researching products and services.