RiverPark Advisors LLC Buys New Stake in QuinStreet, Inc. (NASDAQ:QNST)

RiverPark Advisors LLC acquired a new position in shares of QuinStreet, Inc. (NASDAQ:QNST) during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 7,207 shares of the technology company’s stock, valued at approximately $127,000.

A number of other hedge funds also recently bought and sold shares of QNST. Naples Money Management LLC bought a new position in shares of QuinStreet during the fourth quarter valued at approximately $38,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in QuinStreet by 57.5% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,722 shares of the technology company’s stock valued at $163,000 after acquiring an additional 4,647 shares in the last quarter. Cornerstone Investment Partners LLC purchased a new position in QuinStreet in the fourth quarter valued at about $165,000. SG Americas Securities LLC grew its position in shares of QuinStreet by 6.4% in the 4th quarter. SG Americas Securities LLC now owns 15,066 shares of the technology company’s stock worth $193,000 after buying an additional 906 shares during the last quarter. Finally, Pekin Hardy Strauss Inc. acquired a new position in shares of QuinStreet during the fourth quarter worth $206,000. Hedge funds and other institutional investors own 97.83% of the company’s stock.

QuinStreet Price Performance

Shares of QNST traded down $0.28 during mid-day trading on Tuesday, reaching $16.01. The stock had a trading volume of 275,875 shares, compared to its average volume of 389,554. QuinStreet, Inc. has a 52-week low of $8.08 and a 52-week high of $19.58. The firm has a market cap of $885.03 million, a price-to-earnings ratio of -10.33 and a beta of 1.16. The business’s fifty day moving average is $17.28 and its 200 day moving average is $15.69.

QuinStreet (NASDAQ:QNST) last posted its quarterly earnings results on Wednesday, May 8th. The technology company reported ($0.13) earnings per share for the quarter, missing the consensus estimate of ($0.07) by ($0.06). The firm had revenue of $168.59 million during the quarter, compared to analysts’ expectations of $166.54 million. QuinStreet had a negative net margin of 15.59% and a negative return on equity of 38.56%. As a group, sell-side analysts anticipate that QuinStreet, Inc. will post -0.55 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Singular Research raised shares of QuinStreet to a “moderate buy” rating in a report on Tuesday, May 14th. Craig Hallum upgraded QuinStreet from a “hold” rating to a “buy” rating and set a $22.00 price target on the stock in a research report on Tuesday, June 18th. B. Riley started coverage on shares of QuinStreet in a research note on Friday, April 19th. They set a “buy” rating and a $21.50 target price for the company. Stephens increased their price objective on QuinStreet from $17.00 to $18.00 and gave the company an “overweight” rating in a research note on Friday, March 15th. Finally, StockNews.com upgraded shares of QuinStreet to a “sell” rating in a research report on Saturday, April 13th. One equities research analyst has rated the stock with a sell rating and four have assigned a buy rating to the stock. According to data from MarketBeat, QuinStreet has an average rating of “Moderate Buy” and a consensus target price of $20.88.

QuinStreet 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.