Universal Beteiligungs und Servicegesellschaft mbH Invests $3.95 Million in QuinStreet, Inc. (NASDAQ:QNST)

Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of QuinStreet, Inc. (NASDAQ:QNST - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 171,279 shares of the technology company's stock, valued at approximately $3,951,000. Universal Beteiligungs und Servicegesellschaft mbH owned 0.30% of QuinStreet at the end of the most recent quarter.

Several other large investors have also bought and sold shares of QNST. Barclays PLC grew its position in shares of QuinStreet by 149.7% during the 3rd quarter. Barclays PLC now owns 127,404 shares of the technology company's stock worth $2,436,000 after buying an additional 76,389 shares during the period. KBC Group NV boosted its holdings in shares of QuinStreet by 64.5% in the fourth quarter. KBC Group NV now owns 3,562 shares of the technology company's stock worth $82,000 after acquiring an additional 1,396 shares during the period. State of Alaska Department of Revenue lifted its stake in QuinStreet by 1.4% in the 4th quarter. State of Alaska Department of Revenue now owns 31,976 shares of the technology company's stock worth $737,000 after purchasing an additional 432 shares in the last quarter. Louisiana State Employees Retirement System boosted its position in shares of QuinStreet by 1.9% during the 4th quarter. Louisiana State Employees Retirement System now owns 27,200 shares of the technology company's stock valued at $628,000 after acquiring an additional 500 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC purchased a new position in QuinStreet in the fourth quarter worth $486,000. 97.83% of the stock is owned by institutional investors and hedge funds.

QuinStreet Price Performance

NASDAQ:QNST traded up $0.40 during midday trading on Tuesday, hitting $15.56. The company's stock had a trading volume of 870,793 shares, compared to its average volume of 522,207. The firm has a market cap of $878.66 million, a P/E ratio of -70.73 and a beta of 0.79. The firm's 50 day moving average is $16.29 and its 200-day moving average is $19.75. QuinStreet, Inc. has a fifty-two week low of $14.39 and a fifty-two week high of $26.27.

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

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on QNST shares. Wall Street Zen lowered shares of QuinStreet from a "buy" rating to a "hold" rating in a report on Friday. Stephens reaffirmed an "overweight" rating and issued a $31.00 price objective on shares of QuinStreet in a research report on Thursday, May 8th. Lake Street Capital dropped their target price on QuinStreet from $27.00 to $19.00 and set a "hold" rating on the stock in a research report on Thursday, May 8th. Barrington Research reissued an "outperform" rating and set a $29.00 price target on shares of QuinStreet in a report on Wednesday, April 23rd. Finally, B. Riley reiterated a "buy" rating and issued a $34.00 price target (up previously from $32.00) on shares of QuinStreet in a research note on Friday, February 7th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus 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.