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

Jacobs Asset Management LLC grew its holdings in QuinStreet, Inc. (NASDAQ:QNST) by 43.7% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 932,500 shares of the technology company’s stock after buying an additional 283,800 shares during the period. QuinStreet accounts for about 7.5% of Jacobs Asset Management LLC’s holdings, making the stock its 2nd biggest holding. Jacobs Asset Management LLC owned 1.64% of QuinStreet worth $13,400,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Farther Finance Advisors LLC raised its position 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 buying an additional 730 shares during the last quarter. Tripletail Wealth Management LLC raised its position in shares of QuinStreet by 35.2% in the fourth quarter. Tripletail Wealth Management LLC now owns 9,290 shares of the technology company’s stock valued at $133,000 after buying an additional 2,420 shares during the last quarter. FJ Capital Management LLC acquired a new stake in shares of QuinStreet in the third quarter valued at about $135,000. MQS Management LLC purchased a new stake in shares of QuinStreet in the fourth quarter valued at about $159,000. Finally, Amundi acquired a new stake in QuinStreet during the third quarter worth about $166,000. 97.83% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

QNST has been the subject of several recent analyst reports. Weiss Ratings upgraded shares of QuinStreet from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday. B. Riley Financial upgraded shares of QuinStreet to a “strong-buy” rating in a research report on Thursday, April 2nd. Northland Securities initiated 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, Wall Street Zen cut shares of QuinStreet from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, QuinStreet has an average rating of “Moderate Buy” and a consensus price target of $20.50.

QuinStreet Price Performance

QuinStreet stock opened at $12.34 on Friday. QuinStreet, Inc. has a 12-month low of $10.28 and a 12-month high of $17.13. The stock has a market cap of $708.87 million, a P/E ratio of 10.82 and a beta of 0.70. The company has a 50-day moving average price of $12.35 and a 200 day moving average price of $12.91. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.23.

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

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.