Segall Bryant & Hamill LLC Purchases New Position in QuinStreet, Inc. $QNST

Segall Bryant & Hamill LLC purchased a new stake in QuinStreet, Inc. (NASDAQ:QNST) during the 1st quarter, HoldingsChannel.com reports. The fund purchased 78,983 shares of the technology company’s stock, valued at approximately $949,000.

Other hedge funds have also recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of QuinStreet by 4.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 31,983 shares of the technology company’s stock worth $571,000 after acquiring an additional 1,381 shares during the period. Millennium Management LLC increased its stake in shares of QuinStreet by 213.3% during the first quarter. Millennium Management LLC now owns 714,482 shares of the technology company’s stock worth $12,746,000 after purchasing an additional 486,406 shares during the period. Goldman Sachs Group Inc. increased its stake in shares of QuinStreet by 19.6% during the first quarter. Goldman Sachs Group Inc. now owns 540,286 shares of the technology company’s stock worth $9,639,000 after purchasing an additional 88,431 shares during the period. Caxton Associates LLP acquired a new stake in QuinStreet during the 1st quarter worth approximately $299,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in QuinStreet by 1.9% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 113,366 shares of the technology company’s stock worth $2,022,000 after purchasing an additional 2,135 shares during the last quarter. 97.83% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. Wall Street Zen raised QuinStreet from a “hold” rating to a “buy” rating in a report on Saturday, August 1st. Weiss Ratings raised QuinStreet from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, July 9th. Finally, Zacks Research raised shares of QuinStreet from a “strong sell” rating to a “hold” rating in a research report on Thursday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $20.50.

QuinStreet Trading Down 1.0%

Shares of NASDAQ:QNST opened at $15.47 on Thursday. The business’s 50 day simple moving average is $14.54 and its 200 day simple moving average is $13.11. QuinStreet, Inc. has a 1 year low of $10.28 and a 1 year high of $18.02. 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 company has a market capitalization of $888.67 million, a P/E ratio of 13.57 and a beta of 0.66.

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

Insider Activity at QuinStreet

In related news, CFO Gregory Wong sold 22,057 shares of the firm’s stock in a transaction on Monday, June 15th. The stock was sold at an average price of $12.19, for a total value of $268,874.83. Following the transaction, the chief financial officer owned 400,682 shares in the company, 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 is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 5.00% of the company’s stock.

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.