UBS Group AG Has $3.74 Million Position in QuinStreet, Inc. $QNST

UBS Group AG grew its holdings in shares of QuinStreet, Inc. (NASDAQ:QNST) by 59.6% in the fourth quarter, HoldingsChannel.com reports. The fund owned 260,318 shares of the technology company’s stock after acquiring an additional 97,226 shares during the quarter. UBS Group AG’s holdings in QuinStreet were worth $3,741,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Nordea Investment Management AB grew its holdings in QuinStreet by 59.8% during the 4th quarter. Nordea Investment Management AB now owns 362,042 shares of the technology company’s stock worth $5,174,000 after acquiring an additional 135,527 shares during the period. Y Intercept Hong Kong Ltd grew its holdings in QuinStreet by 113.9% during the 3rd quarter. Y Intercept Hong Kong Ltd now owns 137,123 shares of the technology company’s stock worth $2,121,000 after acquiring an additional 73,021 shares during the period. Assenagon Asset Management S.A. grew its holdings in QuinStreet by 43.7% during the 4th quarter. Assenagon Asset Management S.A. now owns 1,633,251 shares of the technology company’s stock worth $23,470,000 after acquiring an additional 496,492 shares during the period. AlphaQuest LLC grew its holdings in QuinStreet by 253.0% during the 3rd quarter. AlphaQuest LLC now owns 103,890 shares of the technology company’s stock worth $1,607,000 after acquiring an additional 74,460 shares during the period. Finally, Intrinsic Edge Capital Management LLC acquired a new stake in QuinStreet during the 3rd quarter worth about $2,320,000. 97.83% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. Lake Street Capital set a $15.00 price target on QuinStreet in a report on Friday, February 6th. Northland Securities assumed coverage on QuinStreet in a report on Tuesday, March 17th. They set an “outperform” rating and a $17.00 price target for the company. Weiss Ratings downgraded QuinStreet from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, May 13th. B. Riley Financial upgraded QuinStreet to a “strong-buy” rating in a report on Thursday, April 2nd. Finally, Barrington Research reiterated an “outperform” rating and set a $24.00 price target on shares of QuinStreet in a report on Friday, February 6th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $20.50.

QuinStreet Price Performance

Shares of NASDAQ QNST opened at $12.29 on Friday. QuinStreet, Inc. has a fifty-two week low of $10.28 and a fifty-two week high of $17.13. The stock has a market cap of $705.94 million, a price-to-earnings ratio of 10.78 and a beta of 0.72. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.18 and a current ratio of 1.18. The firm’s 50-day simple moving average is $12.31 and its 200 day simple moving average is $13.11.

QuinStreet (NASDAQ:QNST) last announced its quarterly earnings results on Thursday, May 7th. The technology company reported $0.31 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.14. QuinStreet had a net margin of 5.53% and a return on equity of 9.97%. The business had revenue of $346.14 million for the quarter, compared to analysts’ expectations of $336.22 million. During the same quarter last year, the firm earned $0.21 EPS. The firm’s revenue for the quarter was up 28.3% compared to the same quarter last year. As a group, research analysts anticipate that QuinStreet, Inc. will post 0.63 earnings per share for the current fiscal year.

About QuinStreet

QuinStreet, Inc operates a technology-based performance marketing platform that connects companies with prospective customers across multiple verticals. The company specializes in data-driven lead generation for financial services, education, insurance, healthcare, and home services firms. By leveraging proprietary targeting algorithms and real-time analytics, QuinStreet manages customized digital marketing campaigns to optimize customer acquisition and retention for its clients.

Through a portfolio of consumer-facing websites and comparison platforms, QuinStreet delivers targeted visitors who are actively researching products and services.