XTX Topco Ltd Buys 50,486 Shares of QuinStreet, Inc. (NASDAQ:QNST)

Key Points

• XTX Topco Ltd significantly increased its stake in QuinStreet, Inc. by 491.3% in Q1, now owning approximately 0.11% of the company valued at over $1 million.
• Several analysts have provided mixed ratings for QuinStreet, with new price targets ranging from $19.00 to $31.00, and an overall average rating of "Moderate Buy."
• QuinStreet reported a 60.1% increase in quarterly revenue year-over-year, totaling $269.84 million, and has an expected EPS of 0.12 for the current year.

XTX Topco Ltd raised its position in QuinStreet, Inc. (NASDAQ:QNST - Free Report) by 491.3% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 60,761 shares of the technology company's stock after acquiring an additional 50,486 shares during the period. XTX Topco Ltd owned about 0.11% of QuinStreet worth $1,084,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. Driehaus Capital Management LLC raised its holdings in shares of QuinStreet by 28.4% in the 4th quarter. Driehaus Capital Management LLC now owns 2,787,695 shares of the technology company's stock worth $64,312,000 after buying an additional 617,216 shares in the last quarter. Invesco Ltd. raised its holdings in shares of QuinStreet by 177.8% in the 4th quarter. Invesco Ltd. now owns 946,108 shares of the technology company's stock worth $21,827,000 after buying an additional 605,500 shares in the last quarter. G2 Investment Partners Management LLC bought a new stake in QuinStreet during the 4th quarter worth approximately $7,203,000. BNP Paribas Financial Markets grew 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 acquiring an additional 280,554 shares during the last quarter. Finally, Oberweis Asset Management Inc. bought a new stake in QuinStreet during the 4th quarter worth approximately $5,191,000. Institutional investors and hedge funds own 97.83% of the company's stock.

QuinStreet Stock Performance

QNST traded up $0.87 during mid-day trading on Monday, reaching $17.12. The stock had a trading volume of 472,978 shares, compared to its average volume of 595,809. The stock has a market capitalization of $966.75 million, a P/E ratio of -1,710.29 and a beta of 0.71. The firm's fifty day simple moving average is $15.75 and its two-hundred day simple moving average is $17.74. QuinStreet, Inc. has a 52 week low of $14.39 and a 52 week high of $26.27.

QuinStreet (NASDAQ:QNST - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The technology company reported $0.21 EPS for the quarter, beating analysts' consensus estimates of $0.06 by $0.15. The firm had revenue of $269.84 million for the quarter, compared to analyst estimates of $270.36 million. QuinStreet had a positive return on equity of 1.08% and a negative net margin of 0.06%. The business's quarterly revenue was up 60.1% compared to the same quarter last year. During the same period last year, the company earned $0.06 EPS. As a group, analysts expect that QuinStreet, Inc. will post 0.12 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms recently commented on QNST. 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 report on Thursday, May 8th. Stephens restated an "overweight" rating and set a $31.00 price target on shares of QuinStreet in a research report on Thursday, May 8th. Wall Street Zen upgraded QuinStreet from a "hold" rating to a "buy" rating in a research report on Saturday, June 21st. Finally, Barrington Research restated an "outperform" rating and set a $29.00 price target on shares of QuinStreet in a research report on Wednesday, April 23rd. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $29.00.

About QuinStreet

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.