OP Asset Management Ltd Makes New $1.78 Million Investment in QuinStreet, Inc. $QNST

OP Asset Management Ltd acquired a new stake in QuinStreet, Inc. (NASDAQ:QNST) during the 1st quarter, according to its most recent disclosure with the SEC. The fund acquired 148,161 shares of the technology company’s stock, valued at approximately $1,779,000.

Other institutional investors have also recently bought and sold shares of the company. Nordea Investment Management AB raised its holdings in QuinStreet by 59.8% during the fourth quarter. Nordea Investment Management AB now owns 362,042 shares of the technology company’s stock worth $5,174,000 after acquiring an additional 135,527 shares in the last quarter. Assenagon Asset Management S.A. increased its position in QuinStreet by 43.7% during the fourth quarter. Assenagon Asset Management S.A. now owns 1,633,251 shares of the technology company’s stock worth $23,470,000 after buying an additional 496,492 shares during the last quarter. Intrinsic Edge Capital Management LLC bought a new stake in QuinStreet in the third quarter valued at approximately $2,320,000. Algert Global LLC raised its stake in 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 during the period. Finally, Pacer Advisors Inc. lifted its position in shares of QuinStreet by 39.6% in the fourth quarter. Pacer Advisors Inc. now owns 284,833 shares of the technology company’s stock valued at $4,093,000 after buying an additional 80,862 shares during the last quarter. Institutional investors own 97.83% of the company’s stock.

Analysts Set New Price Targets

QNST has been the topic of a number of recent analyst reports. Wall Street Zen raised QuinStreet from a “hold” rating to a “buy” rating in a report on Saturday, June 20th. B. Riley Financial raised QuinStreet to a “strong-buy” rating in a report on Thursday, April 2nd. Northland Securities began coverage on shares of QuinStreet in a research report on Tuesday, March 17th. They set an “outperform” rating and a $17.00 price objective for the company. Finally, Weiss Ratings downgraded shares of QuinStreet from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $20.50.

Insider Activity at QuinStreet

In other news, CFO Gregory Wong sold 22,057 shares of the firm’s stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $12.19, for a total transaction of $268,874.83. Following the transaction, the chief financial officer directly owned 400,682 shares of the company’s stock, valued at approximately $4,884,313.58. This trade represents a 5.22% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 5.00% of the company’s stock.

QuinStreet Stock Performance

QNST stock opened at $14.14 on Monday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.18 and a current ratio of 1.18. The company’s 50-day simple moving average is $12.54 and its 200 day simple moving average is $12.83. QuinStreet, Inc. has a 52 week low of $10.28 and a 52 week high of $17.13. The company has a market capitalization of $812.20 million, a PE ratio of 12.40 and a beta of 0.70.

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