ProShare Advisors LLC grew its holdings in QuinStreet, Inc. (NASDAQ:QNST – Free Report) by 52.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 16,258 shares of the technology company’s stock after purchasing an additional 5,619 shares during the period. ProShare Advisors LLC’s holdings in QuinStreet were worth $270,000 as of its most recent SEC filing.
A number of other large investors also recently made changes to their positions in the business. Private Capital Management LLC boosted its position in QuinStreet by 1.4% during the fourth quarter. Private Capital Management LLC now owns 4,503,159 shares of the technology company’s stock valued at $57,730,000 after purchasing an additional 62,095 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of QuinStreet by 1.3% in the 1st quarter. Vanguard Group Inc. now owns 3,712,518 shares of the technology company’s stock valued at $65,563,000 after purchasing an additional 48,705 shares during the last quarter. American Century Companies Inc. boosted its stake in shares of QuinStreet by 27.5% during the 2nd quarter. American Century Companies Inc. now owns 2,035,127 shares of the technology company’s stock worth $33,763,000 after acquiring an additional 438,947 shares in the last quarter. William Blair Investment Management LLC increased its holdings in shares of QuinStreet by 0.8% during the 1st quarter. William Blair Investment Management LLC now owns 1,530,761 shares of the technology company’s stock valued at $27,033,000 after acquiring an additional 12,058 shares during the last quarter. Finally, Basswood Capital Management L.L.C. grew its holdings in QuinStreet by 20.6% during the fourth quarter. Basswood Capital Management L.L.C. now owns 1,007,188 shares of the technology company’s stock valued at $12,912,000 after purchasing an additional 171,838 shares during the last quarter. Institutional investors and hedge funds own 97.83% of the company’s stock.
QuinStreet Price Performance
Shares of QNST stock opened at $19.13 on Friday. The firm has a market cap of $1.07 billion, a price-to-earnings ratio of -12.26 and a beta of 1.11. The stock’s fifty day simple moving average is $18.66 and its 200 day simple moving average is $17.77. QuinStreet, Inc. has a one year low of $8.44 and a one year high of $20.91.
Analyst Upgrades and Downgrades
QNST has been the subject of a number of recent analyst reports. StockNews.com upgraded shares of QuinStreet from a “sell” rating to a “hold” rating in a report on Tuesday. B. Riley raised their price target on shares of QuinStreet from $21.50 to $24.00 and gave the stock a “buy” rating in a research report on Friday, August 9th. Barrington Research reaffirmed an “outperform” rating and issued a $22.00 price target on shares of QuinStreet in a report on Friday, August 9th. Finally, Craig Hallum lifted their price objective on QuinStreet from $22.00 to $25.00 and gave the stock a “buy” rating in a report on Friday, August 9th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, QuinStreet presently has a consensus rating of “Moderate Buy” and a consensus price target of $22.25.
Read Our Latest Stock Report on QuinStreet
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.
Read More
- Five stocks we like better than QuinStreet
- Asset Allocation: The Key to a Successful Portfolio. Are You Paying Attention to Yours?
- The Outlook for Interest Rate Cuts Got Blown Out of the Water
- What Are Trending Stocks? Trending Stocks Explained
- 3 High-Risk, High-Reward Micro-Cap Stocks You Shouldn’t Ignore
- What Investors Must Know About Over-the-Counter (OTC) Stocks
- 3 Bargain Stocks Positioned for Gains After Missing 2024’s Rally
Want to see what other hedge funds are holding QNST? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for QuinStreet, Inc. (NASDAQ:QNST – Free Report).
Receive News & Ratings for QuinStreet Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for QuinStreet and related companies with MarketBeat.com's FREE daily email newsletter.