42,969 Shares in QuinStreet, Inc. $QNST Purchased by Horizon Investments LLC

Horizon Investments LLC bought a new position in shares of QuinStreet, Inc. (NASDAQ:QNSTFree Report) during the 4th quarter, HoldingsChannel reports. The firm bought 42,969 shares of the technology company’s stock, valued at approximately $617,000.

A number of other institutional investors have also added to or reduced their stakes in the business. Farther Finance Advisors LLC raised its holdings in shares of QuinStreet by 10.2% in the 4th quarter. Farther Finance Advisors LLC now owns 7,896 shares of the technology company’s stock valued at $113,000 after purchasing an additional 730 shares in the last quarter. FJ Capital Management LLC bought a new position in shares of QuinStreet during the third quarter valued at approximately $135,000. Amundi purchased a new position in QuinStreet during the third quarter valued at approximately $166,000. Cerity Partners LLC purchased a new position in QuinStreet during the second quarter valued at approximately $170,000. Finally, Sherbrooke Park Advisers LLC bought a new position in QuinStreet in the third quarter worth approximately $189,000. Hedge funds and other institutional investors own 97.83% of the company’s stock.

Key Headlines Impacting QuinStreet

Here are the key news stories impacting QuinStreet this week:

QuinStreet Stock Down 1.1%

Shares of QNST opened at $13.21 on Friday. The company has a market cap of $752.84 million, a price-to-earnings ratio of 11.59 and a beta of 0.72. QuinStreet, Inc. has a twelve month low of $10.28 and a twelve month high of $17.13. The company has a 50 day moving average of $12.29 and a two-hundred day moving average of $13.31.

QuinStreet (NASDAQ:QNSTGet Free Report) last issued its quarterly earnings results on Thursday, May 7th. The technology company reported $0.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.17 by $0.14. QuinStreet had a return on equity of 10.44% and a net margin of 5.53%.The business had revenue of $346.14 million for the quarter, compared to the consensus estimate of $336.22 million. During the same period in the prior year, the firm posted $0.21 earnings per share. The business’s quarterly revenue was up 28.3% on a year-over-year basis. On average, sell-side analysts expect that QuinStreet, Inc. will post 0.63 EPS for the current year.

Wall Street Analysts Forecast Growth

QNST has been the subject of a number of analyst reports. Weiss Ratings upgraded QuinStreet from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, April 29th. Wall Street Zen downgraded QuinStreet from a “buy” rating to a “hold” rating in a report on Saturday. B. Riley Financial upgraded QuinStreet to a “strong-buy” rating in a research note on Thursday, April 2nd. Lake Street Capital set a $15.00 price objective on QuinStreet in a research report on Friday, February 6th. Finally, Northland Securities started coverage on QuinStreet in a research note on Tuesday, March 17th. They issued an “outperform” rating and a $17.00 target price on the stock. One research 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’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $20.50.

View Our Latest Stock Report on QuinStreet

About QuinStreet

(Free Report)

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.

Further Reading

Want to see what other hedge funds are holding QNST? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for QuinStreet, Inc. (NASDAQ:QNSTFree Report).

Institutional Ownership by Quarter for QuinStreet (NASDAQ:QNST)

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