Squarepoint Ops LLC Purchases 38,186 Shares of QuinStreet, Inc. $QNST

Squarepoint Ops LLC boosted its position in QuinStreet, Inc. (NASDAQ:QNST) by 10.4% during the 2nd quarter, Holdings Channel.com reports. The fund owned 404,040 shares of the technology company’s stock after buying an additional 38,186 shares during the quarter. Squarepoint Ops LLC’s holdings in QuinStreet were worth $6,505,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in QNST. Summit Securities Group LLC acquired a new position in QuinStreet in the first quarter valued at approximately $25,000. Farther Finance Advisors LLC boosted its position in shares of QuinStreet by 885.1% in the 2nd quarter. Farther Finance Advisors LLC now owns 7,221 shares of the technology company’s stock worth $116,000 after purchasing an additional 6,488 shares during the last quarter. Cerity Partners LLC acquired a new stake in shares of QuinStreet during the second quarter worth $170,000. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of QuinStreet during the second quarter worth $190,000. Finally, Lazard Asset Management LLC increased its holdings in QuinStreet by 225.4% in the second quarter. Lazard Asset Management LLC now owns 12,008 shares of the technology company’s stock valued at $193,000 after purchasing an additional 8,318 shares during the last quarter. 97.83% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

QNST has been the topic of a number of recent analyst reports. Wall Street Zen upgraded QuinStreet from a “hold” rating to a “buy” rating in a report on Friday, September 26th. Barrington Research set a $24.00 price objective on shares of QuinStreet in a report on Wednesday, October 22nd. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of QuinStreet in a research note on Monday, December 8th. Three equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, QuinStreet presently has a consensus rating of “Hold” and an average price target of $24.50.

QuinStreet Trading Down 0.3%

QNST opened at $14.50 on Monday. The stock has a market capitalization of $822.88 million, a P/E ratio of 76.32 and a beta of 0.75. The firm’s fifty day simple moving average is $14.33 and its 200 day simple moving average is $15.27. QuinStreet, Inc. has a 12 month low of $12.98 and a 12 month high of $25.50.

QuinStreet (NASDAQ:QNST) last announced its quarterly earnings results on Thursday, November 6th. The technology company reported $0.22 EPS for the quarter, beating analysts’ consensus estimates of $0.09 by $0.13. QuinStreet had a net margin of 0.96% and a return on equity of 6.91%. The firm had revenue of $285.85 million during the quarter, compared to analysts’ expectations of $279.73 million. During the same quarter last year, the company posted $0.22 earnings per share. The company’s revenue for the quarter was up 2.4% compared to the same quarter last year. On average, equities research analysts predict that QuinStreet, Inc. will post 0.12 EPS for the current fiscal year.

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.