Jackson Creek Investment Advisors LLC Invests $1.46 Million in QuinStreet, Inc. (NASDAQ:QNST)

Jackson Creek Investment Advisors LLC bought a new position in QuinStreet, Inc. (NASDAQ:QNST - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 81,704 shares of the technology company's stock, valued at approximately $1,458,000. Jackson Creek Investment Advisors LLC owned 0.14% of QuinStreet as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. Charles Schwab Investment Management Inc. boosted its position in shares of QuinStreet by 2.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 509,949 shares of the technology company's stock valued at $11,765,000 after acquiring an additional 14,411 shares during the last quarter. Victory Capital Management Inc. bought a new stake in shares of QuinStreet during the 4th quarter valued at about $225,000. PNC Financial Services Group Inc. boosted its position in shares of QuinStreet by 43.9% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,808 shares of the technology company's stock valued at $88,000 after acquiring an additional 1,162 shares during the last quarter. Amundi boosted its position in shares of QuinStreet by 174.5% during the 4th quarter. Amundi now owns 26,713 shares of the technology company's stock valued at $594,000 after acquiring an additional 16,982 shares during the last quarter. Finally, Swiss National Bank boosted its position in shares of QuinStreet by 2.4% during the 4th quarter. Swiss National Bank now owns 104,900 shares of the technology company's stock valued at $2,420,000 after acquiring an additional 2,500 shares during the last quarter. Hedge funds and other institutional investors own 97.83% of the company's stock.

QuinStreet Stock Down 1.3%

Shares of QNST traded down $0.20 during mid-day trading on Friday, hitting $15.35. 25,289 shares of the company's stock traded hands, compared to its average volume of 532,058. QuinStreet, Inc. has a 1 year low of $14.39 and a 1 year high of $26.27. The firm has a market capitalization of $867.04 million, a P/E ratio of -1,536.06 and a beta of 0.74. The business's 50-day moving average price is $15.60 and its 200-day moving average price is $18.27.

QuinStreet (NASDAQ:QNST - Get Free Report) last posted its earnings results on Wednesday, May 7th. The technology company reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.15. QuinStreet had a positive return on equity of 1.08% and a negative net margin of 0.06%. The firm had revenue of $269.84 million for the quarter, compared to analysts' expectations of $270.36 million. During the same period in the previous year, the firm earned $0.06 earnings per share. The business's revenue was up 60.1% compared to the same quarter last year. Sell-side analysts anticipate that QuinStreet, Inc. will post 0.12 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

QNST has been the subject of a number of research analyst reports. Stephens reiterated an "overweight" rating and set a $31.00 price target on shares of QuinStreet in a research report on Thursday, May 8th. Barrington Research reissued an "outperform" rating and set a $29.00 price objective on shares of QuinStreet in a report on Wednesday, April 23rd. Wall Street Zen raised QuinStreet from a "hold" rating to a "buy" rating in a research note on Saturday, June 21st. Finally, Lake Street Capital decreased their price target on QuinStreet from $27.00 to $19.00 and set a "hold" rating on the stock in a research note on Thursday, May 8th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, QuinStreet presently has an average rating of "Moderate Buy" and an average target price of $29.00.

QuinStreet Profile

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.

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