QuinStreet, Inc. (NASDAQ:QNST) Shares Acquired by UBS Asset Management Americas Inc.

UBS Asset Management Americas Inc. increased its stake in QuinStreet, Inc. (NASDAQ:QNST) by 6.7% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 45,914 shares of the technology company’s stock after buying an additional 2,877 shares during the quarter. UBS Asset Management Americas Inc.’s holdings in QuinStreet were worth $853,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of QNST. Lazard Asset Management LLC acquired a new stake in QuinStreet during the 2nd quarter valued at approximately $40,000. Royal Bank of Canada grew its position in shares of QuinStreet by 47.5% in the 2nd quarter. Royal Bank of Canada now owns 10,309 shares of the technology company’s stock worth $191,000 after acquiring an additional 3,321 shares in the last quarter. PDT Partners LLC grew its position in shares of QuinStreet by 8.1% in the 2nd quarter. PDT Partners LLC now owns 10,914 shares of the technology company’s stock worth $203,000 after acquiring an additional 822 shares in the last quarter. Envestnet Asset Management Inc. acquired a new position in shares of QuinStreet in the 2nd quarter worth approximately $204,000. Finally, Algert Global LLC acquired a new position in shares of QuinStreet in the 2nd quarter worth approximately $213,000. Institutional investors and hedge funds own 86.75% of the company’s stock.

In other QuinStreet news, CEO Douglas Valenti sold 7,943 shares of QuinStreet stock in a transaction on Thursday, September 16th. The stock was sold at an average price of $17.93, for a total transaction of $142,417.99. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Gregory Wong sold 7,471 shares of QuinStreet stock in a transaction on Monday, November 15th. The shares were sold at an average price of $17.04, for a total value of $127,305.84. The disclosure for this sale can be found here. In the last three months, insiders sold 135,164 shares of company stock worth $2,395,997. Company insiders own 6.80% of the company’s stock.

Shares of NASDAQ QNST opened at $15.96 on Thursday. The company has a market cap of $865.70 million, a P/E ratio of 69.39 and a beta of 0.73. QuinStreet, Inc. has a 12-month low of $13.23 and a 12-month high of $25.99. The business has a 50 day moving average of $17.09.

QuinStreet (NASDAQ:QNST) last announced its quarterly earnings results on Wednesday, November 3rd. The technology company reported $0.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.01. The business had revenue of $159.61 million for the quarter, compared to the consensus estimate of $151.99 million. QuinStreet had a return on equity of 4.25% and a net margin of 2.07%. During the same quarter last year, the business posted $0.27 EPS. Equities research analysts expect that QuinStreet, Inc. will post 0.38 earnings per share for the current year.

Several research analysts have recently commented on QNST shares. Zacks Investment Research upgraded QuinStreet from a “hold” rating to a “buy” rating and set a $18.00 target price for the company in a research report on Tuesday. Barrington Research reiterated a “buy” rating and issued a $24.00 target price on shares of QuinStreet in a research report on Thursday, November 4th. Finally, TheStreet lowered QuinStreet from a “b-” rating to a “c” rating in a research report on Thursday, November 4th.

QuinStreet Profile

QuinStreet, Inc engages in the provision of media management services. It operates through the United States and International geographical segments. Its platform offers performance marketing products based from number of clicks, inquiries, calls, applications, and full customer acquisitions. The company was founded by Douglas Valenti on April 16, 1999 and is headquartered in Foster City, CA.

Featured Article: What is the Book Value of a Share?

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).

Institutional Ownership by Quarter for QuinStreet (NASDAQ:QNST)

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.