Universal Beteiligungs und Servicegesellschaft mbH Grows Stake in QuinStreet, Inc. (NASDAQ:QNST)

Universal Beteiligungs und Servicegesellschaft mbH boosted its holdings in QuinStreet, Inc. (NASDAQ:QNST - Free Report) by 14.7% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 196,481 shares of the technology company's stock after acquiring an additional 25,202 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH owned 0.35% of QuinStreet worth $3,505,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in QNST. Teacher Retirement System of Texas bought a new position in QuinStreet during the 4th quarter worth $465,000. Sei Investments Co. raised its stake in QuinStreet by 9.2% in the 4th quarter. Sei Investments Co. now owns 101,728 shares of the technology company's stock worth $2,347,000 after purchasing an additional 8,577 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new stake in QuinStreet in the 4th quarter worth about $240,000. Vanguard Group Inc. boosted its holdings in QuinStreet by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 4,002,030 shares of the technology company's stock valued at $92,327,000 after purchasing an additional 26,169 shares during the period. Finally, JPMorgan Chase & Co. grew its position in shares of QuinStreet by 18.3% during the 4th quarter. JPMorgan Chase & Co. now owns 532,078 shares of the technology company's stock worth $12,275,000 after purchasing an additional 82,489 shares in the last quarter. 97.83% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

QNST has been the subject of several recent research reports. Barrington Research reiterated an "outperform" rating and issued a $29.00 price target on shares of QuinStreet in a research note on Wednesday, April 23rd. Wall Street Zen upgraded QuinStreet from a "hold" rating to a "buy" rating in a research note on Saturday, June 21st. Lake Street Capital cut their price target on QuinStreet from $27.00 to $19.00 and set a "hold" rating for the company in a research note on Thursday, May 8th. Finally, Stephens reiterated an "overweight" rating and issued a $31.00 price target on shares of QuinStreet in a research note on Thursday, May 8th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $29.00.

QuinStreet Trading Down 2.7%

NASDAQ QNST traded down $0.45 during trading hours on Tuesday, hitting $16.20. The company's stock had a trading volume of 348,552 shares, compared to its average volume of 497,787. QuinStreet, Inc. has a 52 week low of $14.39 and a 52 week high of $26.27. The company has a market capitalization of $914.81 million, a PE ratio of -1,618.38 and a beta of 0.74. The company's 50-day simple moving average is $15.67 and its two-hundred day simple moving average is $17.89.

QuinStreet (NASDAQ:QNST - Get Free Report) last announced its earnings results on Wednesday, May 7th. The technology company reported $0.21 earnings per share for the quarter, topping analysts' consensus estimates of $0.06 by $0.15. QuinStreet had a positive return on equity of 1.08% and a negative net margin of 0.06%. The firm had revenue of $269.84 million for the quarter, compared to the consensus estimate of $270.36 million. During the same quarter in the previous year, the business earned $0.06 EPS. The company's revenue was up 60.1% compared to the same quarter last year. Research analysts anticipate 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.