UBS Group AG Buys 97,226 Shares of QuinStreet, Inc. $QNST

UBS Group AG lifted its stake in QuinStreet, Inc. (NASDAQ:QNST) by 59.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 260,318 shares of the technology company’s stock after buying an additional 97,226 shares during the period. UBS Group AG owned approximately 0.46% of QuinStreet worth $3,741,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in the stock. Vanguard Group Inc. lifted its stake in QuinStreet by 3.2% during the fourth quarter. Vanguard Group Inc. now owns 4,257,710 shares of the technology company’s stock worth $61,183,000 after purchasing an additional 133,468 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH lifted its stake in QuinStreet by 7.4% during the fourth quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 27,969 shares of the technology company’s stock worth $402,000 after purchasing an additional 1,927 shares during the last quarter. Farther Finance Advisors LLC lifted its stake in QuinStreet by 10.2% during the fourth quarter. Farther Finance Advisors LLC now owns 7,896 shares of the technology company’s stock worth $113,000 after purchasing an additional 730 shares during the last quarter. Harbor Capital Advisors Inc. lifted its stake in QuinStreet by 11.7% during the fourth quarter. Harbor Capital Advisors Inc. now owns 16,664 shares of the technology company’s stock worth $239,000 after purchasing an additional 1,749 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its stake in QuinStreet by 9.6% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 46,597 shares of the technology company’s stock worth $656,000 after purchasing an additional 4,081 shares during the last quarter. 97.83% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

QNST has been the subject of several recent analyst reports. Northland Securities initiated coverage on QuinStreet in a research note on Tuesday, March 17th. They set an “outperform” rating and a $17.00 target price for the company. Lake Street Capital set a $15.00 target price on QuinStreet in a research note on Friday, February 6th. Barrington Research restated an “outperform” rating and set a $24.00 target price on shares of QuinStreet in a research note on Friday, February 6th. Wall Street Zen cut QuinStreet from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Finally, Weiss Ratings cut QuinStreet from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, May 13th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, QuinStreet currently has a consensus rating of “Moderate Buy” and a consensus price target of $20.50.

QuinStreet Stock Performance

NASDAQ QNST opened at $12.29 on Friday. The company has a market capitalization of $705.94 million, a price-to-earnings ratio of 10.78 and a beta of 0.72. QuinStreet, Inc. has a twelve month low of $10.28 and a twelve month high of $17.13. The stock has a fifty day simple moving average of $12.31 and a 200 day simple moving average of $13.11. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.23.

QuinStreet (NASDAQ:QNST) last posted its quarterly earnings data on Thursday, May 7th. The technology company reported $0.31 earnings per share for the quarter, beating analysts’ consensus estimates of $0.17 by $0.14. The business had revenue of $346.14 million during the quarter, compared to the consensus estimate of $336.22 million. QuinStreet had a return on equity of 9.97% and a net margin of 5.53%.QuinStreet’s quarterly revenue was up 28.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.21 earnings per share. Sell-side analysts expect that QuinStreet, Inc. will post 0.63 EPS for the current year.

QuinStreet Company Profile

QuinStreet, Inc operates a technology-based performance marketing platform that connects companies with prospective customers across multiple verticals. The company specializes in data-driven lead generation for financial services, education, insurance, healthcare, and home services firms. By leveraging proprietary targeting algorithms and real-time analytics, QuinStreet manages customized digital marketing campaigns to optimize customer acquisition and retention for its clients.

Through a portfolio of consumer-facing websites and comparison platforms, QuinStreet delivers targeted visitors who are actively researching products and services.