PharVision Advisers LLC Makes New Investment in QuinStreet, Inc. (NASDAQ:QNST)

PharVision Advisers LLC bought a new position in QuinStreet, Inc. (NASDAQ:QNST - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 17,555 shares of the technology company's stock, valued at approximately $405,000.

Several other institutional investors and hedge funds also recently made changes to their positions in QNST. Arcadia Investment Management Corp MI purchased a new position in QuinStreet during the fourth quarter worth about $38,000. KBC Group NV lifted its position in shares of QuinStreet by 64.5% during the 4th quarter. KBC Group NV now owns 3,562 shares of the technology company's stock worth $82,000 after buying an additional 1,396 shares in the last quarter. PNC Financial Services Group Inc. boosted its stake in shares of QuinStreet by 43.9% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,808 shares of the technology company's stock worth $88,000 after buying an additional 1,162 shares during the last quarter. Steward Partners Investment Advisory LLC bought a new position in shares of QuinStreet in the fourth quarter valued at approximately $112,000. Finally, BankPlus Trust Department purchased a new stake in shares of QuinStreet during the fourth quarter valued at approximately $198,000. Hedge funds and other institutional investors own 97.83% of the company's stock.

Analyst Ratings Changes

QNST has been the subject of a number of recent analyst reports. B. Riley restated a "buy" rating and issued a $34.00 price objective (up previously from $32.00) on shares of QuinStreet in a research note on Friday, February 7th. Stephens restated an "overweight" rating and set a $31.00 price target on shares of QuinStreet in a research report on Thursday, May 8th. Lake Street Capital decreased their price objective on shares of QuinStreet from $27.00 to $19.00 and set a "hold" rating for the company in a report on Thursday, May 8th. StockNews.com upgraded shares of QuinStreet from a "sell" rating to a "hold" rating in a research note on Monday, February 10th. Finally, Barrington Research reissued an "outperform" rating and set a $29.00 target price on shares of QuinStreet in a research report on Wednesday, April 23rd. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $29.00.

QuinStreet Stock Performance

Shares of QNST opened at $15.63 on Wednesday. The business has a 50-day moving average of $16.87 and a 200 day moving average of $20.17. QuinStreet, Inc. has a fifty-two week low of $14.39 and a fifty-two week high of $26.27. The firm has a market cap of $882.61 million, a P/E ratio of -71.05 and a beta of 0.79.

QuinStreet (NASDAQ:QNST - Get Free Report) last issued its earnings results on Wednesday, May 7th. The technology company reported $0.21 earnings per share for the quarter, topping analysts' consensus estimates of $0.06 by $0.15. The firm had revenue of $269.84 million during the quarter, compared to analyst estimates 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 quarter last year, the business earned $0.06 earnings per share. As a group, research analysts predict that QuinStreet, Inc. will post 0.12 earnings per share for the current fiscal year.

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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