QuinStreet, Inc. (NASDAQ:QNST) Stock Holdings Trimmed by Squarepoint Ops LLC

Squarepoint Ops LLC lessened its holdings in QuinStreet, Inc. (NASDAQ:QNST - Free Report) by 29.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 210,630 shares of the technology company's stock after selling 89,293 shares during the quarter. Squarepoint Ops LLC owned 0.37% of QuinStreet worth $4,859,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in QNST. Driehaus Capital Management LLC raised its holdings in shares of QuinStreet by 28.4% during 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. raised its holdings in QuinStreet by 177.8% during 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 period. G2 Investment Partners Management LLC bought a new position in QuinStreet in the 4th quarter valued at $7,203,000. BNP Paribas Financial Markets grew its position in QuinStreet by 537.4% in the 4th quarter. BNP Paribas Financial Markets now owns 332,763 shares of the technology company's stock valued at $7,677,000 after acquiring an additional 280,554 shares during the last quarter. Finally, Oberweis Asset Management Inc. bought a new position in shares of QuinStreet during the 4th quarter worth $5,191,000. Institutional investors own 97.83% of the company's stock.

QuinStreet Price Performance

NASDAQ:QNST traded up $0.01 during trading hours on Friday, reaching $15.59. 46,283 shares of the company traded hands, compared to its average volume of 516,079. The stock has a market cap of $880.07 million, a P/E ratio of -70.84 and a beta of 0.79. QuinStreet, Inc. has a 1-year low of $14.39 and a 1-year high of $26.27. The firm's 50-day moving average is $16.45 and its 200-day moving average is $19.85.

QuinStreet (NASDAQ:QNST - Get Free Report) last released its earnings results on Wednesday, May 7th. The technology company reported $0.21 EPS for the quarter, beating the consensus estimate of $0.06 by $0.15. QuinStreet had a negative return on equity of 4.13% and a negative net margin of 1.31%. The firm had revenue of $269.84 million during the quarter, compared to analyst estimates of $270.36 million. During the same period in the prior year, the firm posted $0.06 earnings per share. The business's quarterly revenue was up 60.1% compared to the same quarter last year. As a group, research analysts predict that QuinStreet, Inc. will post 0.12 earnings per share for the current year.

Analyst Upgrades and Downgrades

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