PharVision Advisers LLC Purchases New Stake in QuinStreet, Inc. (NASDAQ:QNST)

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

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Driehaus Capital Management LLC raised its holdings in shares of QuinStreet by 28.4% in the fourth quarter. Driehaus Capital Management LLC now owns 2,787,695 shares of the technology company's stock valued at $64,312,000 after purchasing an additional 617,216 shares during the last quarter. Invesco Ltd. increased its stake in QuinStreet by 177.8% in the 4th quarter. Invesco Ltd. now owns 946,108 shares of the technology company's stock valued at $21,827,000 after buying an additional 605,500 shares during the last quarter. G2 Investment Partners Management LLC acquired a new stake in QuinStreet in the 4th quarter valued at $7,203,000. BNP Paribas Financial Markets lifted its position in QuinStreet by 537.4% during the 4th quarter. BNP Paribas Financial Markets now owns 332,763 shares of the technology company's stock worth $7,677,000 after buying an additional 280,554 shares in the last quarter. Finally, Oberweis Asset Management Inc. acquired a new position in shares of QuinStreet during the 4th quarter worth about $5,191,000. 97.83% of the stock is owned by institutional investors and hedge funds.

QuinStreet Stock Down 2.2%

Shares of QNST stock traded down $0.34 during trading on Monday, reaching $14.92. 442,856 shares of the company's stock were exchanged, compared to its average volume of 516,313. QuinStreet, Inc. has a twelve month low of $14.39 and a twelve month high of $26.27. The firm's fifty day moving average price is $16.71 and its 200-day moving average price is $20.03. The stock has a market capitalization of $842.52 million, a PE ratio of -67.82 and a beta of 0.79.

QuinStreet (NASDAQ:QNST - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The technology company reported $0.21 EPS for the quarter, beating the consensus estimate of $0.06 by $0.15. The firm had revenue of $269.84 million for 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 previous year, the company earned $0.06 earnings per share. As a group, analysts anticipate that QuinStreet, Inc. will post 0.12 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Stephens reaffirmed an "overweight" rating and issued a $31.00 target price on shares of QuinStreet in a research report on Thursday, May 8th. B. Riley restated a "buy" rating and issued a $34.00 price target (up from $32.00) on shares of QuinStreet in a research note on Friday, February 7th. Barrington Research reaffirmed an "outperform" rating and set a $29.00 price target on shares of QuinStreet in a research report on Wednesday, April 23rd. Wall Street Zen upgraded QuinStreet from a "sell" rating to a "hold" rating in a research note on Monday, February 10th. Finally, Lake Street Capital decreased their target price on shares of QuinStreet from $27.00 to $19.00 and set a "hold" rating for the company in a research note on Thursday, May 8th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, QuinStreet currently has a consensus rating of "Moderate Buy" and a consensus price target 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.