Assenagon Asset Management S.A. Has $3.04 Million Holdings in QuinStreet, Inc. (NASDAQ:QNST)

Assenagon Asset Management S.A. raised its stake in QuinStreet, Inc. (NASDAQ:QNST) by 3.9% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 183,250 shares of the technology company’s stock after purchasing an additional 6,853 shares during the period. Assenagon Asset Management S.A.’s holdings in QuinStreet were worth $3,040,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of QNST. Private Capital Management LLC lifted its stake in shares of QuinStreet by 1.4% in 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 buying an additional 62,095 shares during the period. Vanguard Group Inc. lifted its position 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 worth $65,563,000 after acquiring an additional 48,705 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of QuinStreet by 6.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,866,930 shares of the technology company’s stock worth $23,934,000 after acquiring an additional 114,980 shares during the period. William Blair Investment Management LLC grew 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 worth $27,033,000 after purchasing an additional 12,058 shares in the last quarter. Finally, Basswood Capital Management L.L.C. increased its position in shares of 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 period. 97.83% of the stock is currently owned by institutional investors and hedge funds.

QuinStreet Stock Up 2.1 %

Shares of QuinStreet stock opened at $17.40 on Tuesday. QuinStreet, Inc. has a 12-month low of $8.44 and a 12-month high of $20.50. The stock has a market capitalization of $961.87 million, a P/E ratio of -11.15 and a beta of 1.16. The company has a 50-day simple moving average of $17.12 and a 200 day simple moving average of $16.83.

QuinStreet (NASDAQ:QNST) last posted its quarterly earnings data on Thursday, August 8th. The technology company reported $0.11 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.01. QuinStreet had a negative net margin of 5.11% and a negative return on equity of 13.00%. The company had revenue of $198.32 million during the quarter, compared to analyst estimates of $186.39 million. During the same quarter last year, the business posted ($1.03) earnings per share. The company’s revenue was up 52.2% on a year-over-year basis. On average, equities analysts anticipate that QuinStreet, Inc. will post 0.02 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts recently commented on QNST shares. Craig Hallum raised their target price on QuinStreet from $22.00 to $25.00 and gave the stock a “buy” rating in a research report on Friday, August 9th. Singular Research raised shares of QuinStreet to a “moderate buy” rating in a report on Tuesday, May 14th. B. Riley upped their target price on shares of QuinStreet from $21.50 to $24.00 and gave the company a “buy” rating in a research note on Friday, August 9th. StockNews.com raised shares of QuinStreet from a “sell” rating to a “hold” rating in a research report on Monday, August 12th. Finally, Barrington Research reaffirmed an “outperform” rating and set a $22.00 price objective on shares of QuinStreet in a report on Friday, August 9th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $22.25.

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.