QuinStreet, Inc. (NASDAQ:QNST) Position Boosted by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in QuinStreet, Inc. (NASDAQ:QNST - Free Report) by 19.8% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 111,231 shares of the technology company's stock after purchasing an additional 18,410 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.20% of QuinStreet worth $2,566,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. ProShare Advisors LLC increased its holdings in shares of QuinStreet by 47.5% in the 4th quarter. ProShare Advisors LLC now owns 16,275 shares of the technology company's stock valued at $375,000 after purchasing an additional 5,238 shares in the last quarter. Nomura Holdings Inc. grew its stake in QuinStreet by 6.2% in the 4th quarter. Nomura Holdings Inc. now owns 187,892 shares of the technology company's stock valued at $4,335,000 after acquiring an additional 10,997 shares during the last quarter. Occudo Quantitative Strategies LP increased its holdings in QuinStreet by 19.0% during the 4th quarter. Occudo Quantitative Strategies LP now owns 25,689 shares of the technology company's stock valued at $593,000 after acquiring an additional 4,094 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in QuinStreet by 6.0% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 30,602 shares of the technology company's stock worth $706,000 after acquiring an additional 1,731 shares during the last quarter. Finally, Graham Capital Management L.P. acquired a new position in QuinStreet during the fourth quarter worth about $351,000. Hedge funds and other institutional investors own 97.83% of the company's stock.

QuinStreet Stock Down 1.1%

Shares of QNST traded down $0.18 during mid-day trading on Tuesday, reaching $15.87. 455,333 shares of the stock traded hands, compared to its average volume of 526,431. The firm has a market cap of $896.16 million, a price-to-earnings ratio of -72.14 and a beta of 0.73. The stock has a fifty day simple moving average of $16.06 and a 200 day simple moving average of $19.54. QuinStreet, Inc. has a 12-month low of $14.39 and a 12-month 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 earnings per share for the quarter, beating analysts' consensus estimates of $0.06 by $0.15. The company had revenue of $269.84 million during the quarter, compared to analysts' expectations of $270.36 million. QuinStreet had a negative net margin of 1.31% and a negative return on equity of 4.13%. The firm's revenue for the quarter was up 60.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.06 EPS. On average, equities research analysts expect that QuinStreet, Inc. will post 0.12 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on QNST shares. Lake Street Capital cut their price objective on QuinStreet from $27.00 to $19.00 and set a "hold" rating for the company in a research report on Thursday, May 8th. Wall Street Zen cut shares of QuinStreet from a "buy" rating to a "hold" rating in a research note on Friday, May 30th. Barrington Research reissued an "outperform" rating and set a $29.00 price objective on shares of QuinStreet in a research note on Wednesday, April 23rd. Finally, Stephens reiterated an "overweight" rating and issued a $31.00 price target on shares of QuinStreet in a report on Thursday, May 8th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, QuinStreet currently has a consensus rating of "Moderate Buy" and an average target price of $29.00.

QuinStreet Company 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.