Healthcare of Ontario Pension Plan Trust Fund Has $199,000 Stake in QuinStreet, Inc. $QNST

Healthcare of Ontario Pension Plan Trust Fund decreased its stake in shares of QuinStreet, Inc. (NASDAQ:QNST) by 78.3% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 16,583 shares of the technology company’s stock after selling 59,749 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund’s holdings in QuinStreet were worth $199,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. grew its position in QuinStreet by 3.2% during the fourth quarter. Vanguard Group Inc. now owns 4,257,710 shares of the technology company’s stock worth $61,183,000 after buying an additional 133,468 shares in the last quarter. Private Capital Management LLC raised its holdings in QuinStreet by 0.4% in the 4th quarter. Private Capital Management LLC now owns 4,171,946 shares of the technology company’s stock valued at $59,951,000 after acquiring an additional 17,690 shares in the last quarter. Millennium Management LLC raised its holdings in QuinStreet by 21.3% in the 3rd quarter. Millennium Management LLC now owns 1,682,060 shares of the technology company’s stock valued at $26,021,000 after acquiring an additional 295,680 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in shares of QuinStreet by 42.1% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,595,184 shares of the technology company’s stock worth $22,923,000 after acquiring an additional 472,407 shares during the period. Finally, Royce & Associates LP grew its holdings in shares of QuinStreet by 2.7% during the 4th quarter. Royce & Associates LP now owns 1,360,352 shares of the technology company’s stock worth $19,548,000 after purchasing an additional 35,145 shares in the last quarter. Institutional investors own 97.83% of the company’s stock.

QuinStreet Stock Performance

QNST stock opened at $15.50 on Monday. QuinStreet, Inc. has a 1-year low of $10.28 and a 1-year high of $18.02. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.23. The business’s 50 day moving average is $14.34 and its 200-day moving average is $13.09. The firm has a market cap of $890.40 million, a P/E ratio of 13.60 and a beta of 0.67.

QuinStreet (NASDAQ:QNST) last posted 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. The business had revenue of $346.14 million during the quarter, compared to the consensus estimate of $336.22 million. QuinStreet had a return on equity of 9.97% and a net margin of 5.53%.QuinStreet’s revenue was up 28.3% on a year-over-year basis. During the same quarter last year, the company earned $0.21 EPS. Equities analysts anticipate that QuinStreet, Inc. will post 0.53 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on QNST shares. Wall Street Zen upgraded QuinStreet from a “hold” rating to a “buy” rating in a research report on Saturday. Weiss Ratings raised shares of QuinStreet from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, July 9th. Finally, Zacks Research upgraded shares of QuinStreet from a “strong sell” rating to a “hold” rating in a research note on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $20.50.

Insider Activity at QuinStreet

In other news, CFO Gregory Wong sold 10,338 shares of the business’s stock in a transaction on Wednesday, July 1st. The shares were sold at an average price of $15.00, for a total value of $155,070.00. Following the sale, the chief financial officer owned 390,344 shares in the company, valued at approximately $5,855,160. The trade was a 2.58% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 5.00% 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.