Dockside LLC Buys Shares of 58,062 QuinStreet, Inc. $QNST

Dockside LLC bought a new stake in QuinStreet, Inc. (NASDAQ:QNST) during the fourth quarter, Holdings Channel.com reports. The firm bought 58,062 shares of the technology company’s stock, valued at approximately $834,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Nordea Investment Management AB grew its stake in shares of QuinStreet by 59.8% in the fourth quarter. Nordea Investment Management AB now owns 362,042 shares of the technology company’s stock valued at $5,174,000 after buying an additional 135,527 shares in the last quarter. Assenagon Asset Management S.A. grew its stake in shares of QuinStreet by 43.7% in the fourth quarter. Assenagon Asset Management S.A. now owns 1,633,251 shares of the technology company’s stock valued at $23,470,000 after buying an additional 496,492 shares in the last quarter. Intrinsic Edge Capital Management LLC acquired a new stake in shares of QuinStreet in the third quarter valued at $2,320,000. Algert Global LLC grew its stake in shares of QuinStreet by 161.4% in the third quarter. Algert Global LLC now owns 580,853 shares of the technology company’s stock valued at $8,986,000 after buying an additional 358,610 shares in the last quarter. Finally, UBS Group AG grew its stake in shares of QuinStreet by 59.6% in the fourth quarter. UBS Group AG now owns 260,318 shares of the technology company’s stock valued at $3,741,000 after buying an additional 97,226 shares in the last quarter. Hedge funds and other institutional investors own 97.83% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on QNST shares. B. Riley Financial raised QuinStreet to a “strong-buy” rating in a research note on Thursday, April 2nd. Northland Securities started coverage on QuinStreet in a research note on Tuesday, March 17th. They issued an “outperform” rating and a $17.00 price objective for the company. Wall Street Zen cut QuinStreet from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Finally, Weiss Ratings raised QuinStreet from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, June 9th. One investment 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. According to MarketBeat.com, QuinStreet has an average rating of “Moderate Buy” and an average price target of $20.50.

QuinStreet Stock Performance

QNST opened at $12.34 on Monday. QuinStreet, Inc. has a 12 month low of $10.28 and a 12 month high of $17.13. The stock has a market capitalization of $708.81 million, a price-to-earnings ratio of 10.82 and a beta of 0.70. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.18 and a quick ratio of 1.18. The business has a fifty day moving average price of $12.35 and a 200 day moving average price of $12.91.

QuinStreet (NASDAQ:QNST) last released its 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 return on equity of 9.97% and a net margin of 5.53%.The firm had revenue of $346.14 million during the quarter, compared to analysts’ expectations of $336.22 million. During the same period in the previous year, the firm posted $0.21 EPS. QuinStreet’s revenue for the quarter was up 28.3% on a year-over-year basis. Sell-side analysts expect that QuinStreet, Inc. will post 0.53 earnings per share for the current fiscal year.

QuinStreet 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.