Intech Investment Management LLC Purchases New Stake in QuinStreet, Inc. (NASDAQ:QNST)

Intech Investment Management LLC acquired a new position in QuinStreet, Inc. (NASDAQ:QNST) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 16,210 shares of the technology company’s stock, valued at approximately $269,000.

Several other institutional investors have also recently added to or reduced their stakes in QNST. Louisiana State Employees Retirement System boosted its holdings in shares of QuinStreet by 2.3% in the 2nd quarter. Louisiana State Employees Retirement System now owns 26,400 shares of the technology company’s stock valued at $438,000 after buying an additional 600 shares during the period. PEAK6 Investments LLC grew its holdings in shares of QuinStreet by 3.4% during the first quarter. PEAK6 Investments LLC now owns 25,680 shares of the technology company’s stock valued at $454,000 after purchasing an additional 843 shares during the last quarter. Texas Permanent School Fund Corp raised its position in shares of QuinStreet by 1.9% during the 1st quarter. Texas Permanent School Fund Corp now owns 45,638 shares of the technology company’s stock worth $806,000 after purchasing an additional 847 shares during the period. Rhumbline Advisers lifted its holdings in shares of QuinStreet by 1.1% in the 2nd quarter. Rhumbline Advisers now owns 156,530 shares of the technology company’s stock worth $2,597,000 after purchasing an additional 1,652 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its position in QuinStreet by 12.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 15,188 shares of the technology company’s stock valued at $269,000 after purchasing an additional 1,694 shares during the period. Institutional investors own 97.83% of the company’s stock.

QuinStreet Trading Up 1.9 %

QNST stock opened at $19.00 on Friday. The firm’s 50-day moving average is $18.63 and its two-hundred day moving average is $17.65. The company has a market capitalization of $1.07 billion, a price-to-earnings ratio of -12.18 and a beta of 1.11. QuinStreet, Inc. has a 52 week low of $8.44 and a 52 week high of $20.91.

QuinStreet (NASDAQ:QNST) last issued its quarterly earnings results on Thursday, August 8th. The technology company reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.01. The company had revenue of $198.32 million for the quarter, compared to analysts’ expectations of $186.39 million. QuinStreet had a negative return on equity of 13.00% and a negative net margin of 5.11%. The firm’s revenue for the quarter was up 52.2% on a year-over-year basis. During the same period last year, the firm earned ($1.03) EPS. On average, equities research analysts predict that QuinStreet, Inc. will post 0.08 earnings per share for the current year.

Wall Street Analysts Forecast Growth

QNST has been the topic of a number of recent research reports. B. Riley raised their target price on QuinStreet from $21.50 to $24.00 and gave the company a “buy” rating in a research note on Friday, August 9th. StockNews.com cut shares of QuinStreet from a “hold” rating to a “sell” rating in a research report on Monday, September 23rd. Craig Hallum lifted their price target on QuinStreet from $22.00 to $25.00 and gave the company a “buy” rating in a report on Friday, August 9th. Finally, Barrington Research reissued an “outperform” rating and issued a $22.00 price objective on shares of QuinStreet in a report on Friday, August 9th. One equities research analyst has rated the stock with a sell rating and four have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $22.25.

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.