Nordea Investment Management AB Acquires 135,527 Shares of QuinStreet, Inc. $QNST

Key Points

• Nordea Investment Management AB raised its stake in QuinStreet by 59.8%, buying 135,527 shares to hold 362,042 shares (about 0.64% of the company) worth roughly $5.17 million at quarter-end.
• Institutional ownership is high at 97.83%, with major moves including Millennium Management boosting its position 213% to 714,482 shares and Goldman Sachs adding 88,431 shares, indicating growing institutional interest.
• QuinStreet beat Q4 estimates with $0.24 EPS versus $0.21 and $287.85M revenue versus $275.07M, and analysts have a consensus rating of Moderate Buy with a $22.60 price target.

Nordea Investment Management AB raised its holdings in shares of QuinStreet, Inc. (NASDAQ:QNST - Free Report) by 59.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 362,042 shares of the technology company's stock after buying an additional 135,527 shares during the period. Nordea Investment Management AB owned about 0.64% of QuinStreet worth $5,174,000 at the end of the most recent reporting period.

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

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. B. Riley Financial boosted their price objective on QuinStreet from $25.00 to $26.00 and gave the company a "buy" rating in a research report on Wednesday, January 7th. Weiss Ratings upgraded shares of QuinStreet from a "sell (d+)" rating to a "hold (c-)" rating in a report on Monday, February 9th. Northland Securities started coverage on shares of QuinStreet in a research note on Tuesday, March 17th. They issued an "outperform" rating and a $17.00 target price on the stock. Barrington Research reiterated an "outperform" rating and set a $24.00 price target on shares of QuinStreet in a report on Friday, February 6th. Finally, Lake Street Capital set a $15.00 price target on shares of QuinStreet in a research report on Friday, February 6th. Four analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, QuinStreet presently has a consensus rating of "Moderate Buy" and a consensus price target of $22.60.

QuinStreet Price Performance

Shares of NASDAQ:QNST opened at $12.11 on Friday. QuinStreet, Inc. has a 1 year low of $10.28 and a 1 year high of $19.28. The company has a market cap of $690.20 million, a PE ratio of 11.11 and a beta of 0.70. The stock's 50-day moving average is $12.29 and its 200 day moving average is $13.93.

QuinStreet (NASDAQ:QNST - Get Free Report) last released its quarterly earnings results on Thursday, February 5th. The technology company reported $0.24 EPS for the quarter, beating analysts' consensus estimates of $0.21 by $0.03. The business had revenue of $287.85 million during the quarter, compared to analyst estimates of $275.07 million. QuinStreet had a return on equity of 9.55% and a net margin of 5.64%.QuinStreet's quarterly revenue was up 1.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.20 EPS. Analysts expect that QuinStreet, Inc. will post 0.12 EPS for the current fiscal year.

About QuinStreet

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.

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