Universal Beteiligungs und Servicegesellschaft mbH Acquires Shares of 171,279 QuinStreet, Inc. (NASDAQ:QNST)

Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of QuinStreet, Inc. (NASDAQ:QNST - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 171,279 shares of the technology company's stock, valued at approximately $3,951,000. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.30% of QuinStreet at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Arcadia Investment Management Corp MI acquired a new position in shares of QuinStreet during the fourth quarter valued at about $38,000. KBC Group NV grew its stake in QuinStreet by 64.5% during the fourth quarter. KBC Group NV now owns 3,562 shares of the technology company's stock worth $82,000 after buying an additional 1,396 shares during the last quarter. PNC Financial Services Group Inc. grew its stake in QuinStreet by 43.9% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,808 shares of the technology company's stock worth $88,000 after buying an additional 1,162 shares during the last quarter. Steward Partners Investment Advisory LLC bought a new stake in shares of QuinStreet during the fourth quarter valued at approximately $112,000. Finally, BankPlus Trust Department bought a new stake in shares of QuinStreet during the fourth quarter valued at approximately $198,000. Institutional investors and hedge funds own 97.83% of the company's stock.

Wall Street Analysts Forecast Growth

QNST has been the subject of a number of analyst reports. Barrington Research reaffirmed an "outperform" rating and set a $29.00 target price on shares of QuinStreet in a report on Wednesday, April 23rd. Lake Street Capital reduced their price target on shares of QuinStreet from $27.00 to $19.00 and set a "hold" rating on the stock in a research report on Thursday, May 8th. B. Riley reaffirmed a "buy" rating and issued a $34.00 price objective (up from $32.00) on shares of QuinStreet in a research report on Friday, February 7th. Stephens reaffirmed an "overweight" rating and issued a $31.00 price objective on shares of QuinStreet in a research report on Thursday, May 8th. Finally, Wall Street Zen cut shares of QuinStreet from a "buy" rating to a "hold" rating in a research report on Friday, May 30th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $29.00.

QuinStreet Trading Up 0.4%

Shares of QuinStreet stock traded up $0.06 during trading on Thursday, hitting $15.60. 356,363 shares of the stock were exchanged, compared to its average volume of 524,274. QuinStreet, Inc. has a 1-year low of $14.39 and a 1-year high of $26.27. The stock has a market capitalization of $880.92 million, a price-to-earnings ratio of -70.91 and a beta of 0.79. The company has a fifty day moving average price of $16.18 and a 200-day moving average price of $19.69.

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

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.