QuinStreet, Inc. $QNST Shares Acquired by Jacobs Asset Management LLC

Jacobs Asset Management LLC lifted its holdings in QuinStreet, Inc. (NASDAQ:QNST) by 43.7% in the fourth quarter, HoldingsChannel reports. The firm owned 932,500 shares of the technology company’s stock after buying an additional 283,800 shares during the quarter. QuinStreet makes up approximately 7.5% of Jacobs Asset Management LLC’s holdings, making the stock its 2nd biggest holding. Jacobs Asset Management LLC’s holdings in QuinStreet were worth $13,400,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently made changes to their positions in the business. Farther Finance Advisors LLC grew its holdings in shares of QuinStreet by 10.2% in the fourth quarter. Farther Finance Advisors LLC now owns 7,896 shares of the technology company’s stock valued at $113,000 after purchasing an additional 730 shares in the last quarter. Entropy Technologies LP grew its holdings in shares of QuinStreet by 10.0% in the third quarter. Entropy Technologies LP now owns 14,063 shares of the technology company’s stock valued at $218,000 after purchasing an additional 1,284 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of QuinStreet by 4.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 31,983 shares of the technology company’s stock valued at $571,000 after purchasing an additional 1,381 shares in the last quarter. Harbor Capital Advisors Inc. grew its holdings in shares of QuinStreet by 11.7% in the fourth quarter. Harbor Capital Advisors Inc. now owns 16,664 shares of the technology company’s stock valued at $239,000 after purchasing an additional 1,749 shares in the last quarter. Finally, Deutsche Bank AG grew its holdings in shares of QuinStreet by 4.1% in the fourth quarter. Deutsche Bank AG now owns 44,543 shares of the technology company’s stock valued at $640,000 after purchasing an additional 1,752 shares in the last quarter. Institutional investors and hedge funds own 97.83% of the company’s stock.

QuinStreet Trading Up 1.2%

NASDAQ QNST opened at $12.34 on Friday. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.23. QuinStreet, Inc. has a 52 week low of $10.28 and a 52 week high of $17.13. The stock has a market capitalization of $708.87 million, a PE ratio of 10.82 and a beta of 0.70. The firm has a 50 day moving average of $12.35 and a two-hundred day moving average of $12.91.

QuinStreet (NASDAQ:QNST) last posted its quarterly earnings results on Thursday, May 7th. The technology company reported $0.31 EPS for the quarter, topping the consensus estimate of $0.17 by $0.14. QuinStreet had a net margin of 5.53% and a return on equity of 9.97%. The company had revenue of $346.14 million during the quarter, compared to analysts’ expectations of $336.22 million. During the same quarter in the previous year, the business posted $0.21 EPS. The firm’s revenue was up 28.3% on a year-over-year basis. As a group, research analysts expect that QuinStreet, Inc. will post 0.53 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Wall Street Zen cut shares of QuinStreet from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. B. Riley Financial upgraded shares of QuinStreet to a “strong-buy” rating in a report on Thursday, April 2nd. Weiss Ratings upgraded shares of QuinStreet from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday. Finally, Northland Securities assumed coverage on shares of QuinStreet in a report on Tuesday, March 17th. They issued an “outperform” rating and a $17.00 price objective for the company. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, QuinStreet has a consensus rating of “Moderate Buy” and an average price target of $20.50.

QuinStreet Company Profile

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.