Bank of America Corp DE Has $2.87 Million Stock Position in QuinStreet, Inc. (NASDAQ:QNST)

Bank of America Corp DE boosted its holdings in QuinStreet, Inc. (NASDAQ:QNST - Free Report) by 25.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 124,308 shares of the technology company's stock after buying an additional 25,101 shares during the period. Bank of America Corp DE owned approximately 0.22% of QuinStreet worth $2,868,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Barclays PLC lifted its position in shares of QuinStreet by 149.7% during the 3rd quarter. Barclays PLC now owns 127,404 shares of the technology company's stock worth $2,436,000 after buying an additional 76,389 shares during the period. Allspring Global Investments Holdings LLC bought a new stake in QuinStreet during the 4th quarter worth about $486,000. Arrowstreet Capital Limited Partnership raised its stake in shares of QuinStreet by 45.3% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 381,941 shares of the technology company's stock worth $8,811,000 after buying an additional 119,154 shares during the last quarter. Vanguard Group Inc. raised its position in shares of QuinStreet by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 4,002,030 shares of the technology company's stock valued at $92,327,000 after acquiring an additional 26,169 shares during the last quarter. Finally, Wells Fargo & Company MN lifted its stake in QuinStreet by 168.1% in the fourth quarter. Wells Fargo & Company MN now owns 48,156 shares of the technology company's stock valued at $1,111,000 after buying an additional 30,191 shares during the period. Institutional investors and hedge funds own 97.83% of the company's stock.

QuinStreet Stock Down 0.1%

Shares of NASDAQ:QNST traded down $0.02 during midday trading on Wednesday, reaching $15.54. 475,311 shares of the company were exchanged, compared to its average volume of 523,663. The stock has a fifty day simple moving average of $16.23 and a two-hundred day simple moving average of $19.72. The firm has a market cap of $877.53 million, a PE ratio of -70.64 and a beta of 0.79. QuinStreet, Inc. has a fifty-two week low of $14.39 and a fifty-two week high of $26.27.

QuinStreet (NASDAQ:QNST - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The technology company reported $0.21 EPS for the quarter, topping analysts' consensus estimates of $0.06 by $0.15. The company had revenue of $269.84 million during the quarter, compared to the consensus estimate of $270.36 million. QuinStreet had a negative net margin of 1.31% and a negative return on equity of 4.13%. The company's quarterly revenue was up 60.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.06 EPS. As a group, analysts forecast that QuinStreet, Inc. will post 0.12 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. B. Riley reissued a "buy" rating and set a $34.00 price objective (up previously from $32.00) on shares of QuinStreet in a research note on Friday, February 7th. Wall Street Zen cut shares of QuinStreet from a "buy" rating to a "hold" rating in a research report on Friday, May 30th. Lake Street Capital lowered their price objective on shares of QuinStreet from $27.00 to $19.00 and set a "hold" rating for the company in a research report on Thursday, May 8th. Stephens reiterated an "overweight" rating and set a $31.00 target price on shares of QuinStreet in a report on Thursday, May 8th. Finally, Barrington Research reissued an "outperform" rating and issued a $29.00 target price on shares of QuinStreet in a research note on Wednesday, April 23rd. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, QuinStreet has an average rating of "Moderate Buy" and a consensus target price of $29.00.

About QuinStreet

QuinStreet, Inc, an online performance marketing company, provides customer acquisition services for its clients in the United States and internationally. The company offers online marketing services, such as qualified clicks, leads, calls, applications, and customers through its websites or third-party publishers.