QuinStreet, Inc. (NASDAQ:QNST) Shares Purchased by MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of QuinStreet, Inc. (NASDAQ:QNST) by 6.0% in the fourth quarter, HoldingsChannel reports. The fund owned 30,602 shares of the technology company’s stock after buying an additional 1,731 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.’s holdings in QuinStreet were worth $706,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of QNST. Driehaus Capital Management LLC boosted its holdings in shares of QuinStreet by 28.4% in the 4th quarter. Driehaus Capital Management LLC now owns 2,787,695 shares of the technology company’s stock valued at $64,312,000 after purchasing an additional 617,216 shares during the last quarter. Invesco Ltd. raised its position in shares of QuinStreet by 177.8% in the 4th quarter. Invesco Ltd. now owns 946,108 shares of the technology company’s stock worth $21,827,000 after buying an additional 605,500 shares during the period. G2 Investment Partners Management LLC acquired a new position in QuinStreet in the fourth quarter valued at $7,203,000. BNP Paribas Financial Markets boosted its holdings in QuinStreet by 537.4% in the fourth quarter. BNP Paribas Financial Markets now owns 332,763 shares of the technology company’s stock valued at $7,677,000 after acquiring an additional 280,554 shares during the last quarter. Finally, Oberweis Asset Management Inc. purchased a new stake in QuinStreet during the fourth quarter valued at about $5,191,000. Institutional investors and hedge funds own 97.83% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on QNST. Barrington Research restated an “outperform” rating and issued a $29.00 price objective on shares of QuinStreet in a report on Wednesday, April 23rd. Stephens reissued an “overweight” rating and set a $31.00 target price on shares of QuinStreet in a research report on Thursday, May 8th. Wall Street Zen upgraded shares of QuinStreet from a “sell” rating to a “hold” rating in a report on Monday, February 10th. B. Riley reaffirmed a “buy” rating and set a $34.00 price target (up from $32.00) on shares of QuinStreet in a research report on Friday, February 7th. Finally, Lake Street Capital dropped their price objective on shares of QuinStreet from $27.00 to $19.00 and set a “hold” rating for the company in a research report on Thursday, May 8th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $29.00.

QuinStreet Price Performance

Shares of NASDAQ QNST opened at $15.23 on Wednesday. QuinStreet, Inc. has a 1-year low of $14.39 and a 1-year high of $26.27. The company has a market capitalization of $860.02 million, a price-to-earnings ratio of -69.23 and a beta of 0.79. The business has a 50-day moving average of $16.58 and a 200-day moving average of $19.94.

QuinStreet (NASDAQ:QNST) last released its quarterly earnings results on Wednesday, May 7th. The technology company reported $0.21 EPS for the quarter, topping the consensus estimate of $0.06 by $0.15. QuinStreet had a negative return on equity of 4.13% and a negative net margin of 1.31%. The firm had revenue of $269.84 million for the quarter, compared to analyst estimates of $270.36 million. During the same period in the previous year, the company posted $0.06 EPS. QuinStreet’s revenue for the quarter was up 60.1% on a year-over-year basis. Research analysts expect that QuinStreet, Inc. will post 0.12 EPS for the current fiscal year.

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.