Tower Research Capital LLC TRC lessened its holdings in shares of QuinStreet Inc (NASDAQ:QNST) by 20.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,463 shares of the technology company’s stock after selling 897 shares during the period. Tower Research Capital LLC TRC’s holdings in QuinStreet were worth $44,000 at the end of the most recent reporting period.
A number of other hedge funds have also added to or reduced their stakes in QNST. Arizona State Retirement System boosted its holdings in shares of QuinStreet by 1.3% during the 2nd quarter. Arizona State Retirement System now owns 60,681 shares of the technology company’s stock worth $962,000 after purchasing an additional 750 shares during the last quarter. State Board of Administration of Florida Retirement System boosted its stake in QuinStreet by 3.5% during the second quarter. State Board of Administration of Florida Retirement System now owns 22,238 shares of the technology company’s stock worth $352,000 after buying an additional 750 shares during the last quarter. Pitcairn Co. increased its stake in shares of QuinStreet by 11.0% in the 2nd quarter. Pitcairn Co. now owns 15,568 shares of the technology company’s stock worth $247,000 after acquiring an additional 1,549 shares during the last quarter. Pinebridge Investments L.P. acquired a new stake in shares of QuinStreet in the 2nd quarter worth $29,000. Finally, Municipal Employees Retirement System of Michigan increased its stake in shares of QuinStreet by 18.9% in the 3rd quarter. Municipal Employees Retirement System of Michigan now owns 13,760 shares of the technology company’s stock worth $173,000 after acquiring an additional 2,190 shares during the last quarter. Institutional investors own 97.20% of the company’s stock.
Several research analysts have recently weighed in on QNST shares. BidaskClub raised shares of QuinStreet from a “buy” rating to a “strong-buy” rating in a research report on Thursday, October 10th. Barrington Research cut their price objective on shares of QuinStreet from $20.00 to $16.00 and set an “outperform” rating for the company in a research report on Thursday, August 15th. Northland Securities restated a “buy” rating and set a $18.00 price objective on shares of QuinStreet in a research report on Monday, August 12th. Stephens set a $19.00 target price on shares of QuinStreet and gave the stock a “buy” rating in a research note on Friday, August 9th. Finally, ValuEngine upgraded shares of QuinStreet from a “hold” rating to a “buy” rating in a report on Tuesday. One analyst has rated the stock with a sell rating, six have given a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $18.50.
QNST stock opened at $15.91 on Wednesday. QuinStreet Inc has a 52-week low of $10.15 and a 52-week high of $20.02. The company has a quick ratio of 1.73, a current ratio of 1.73 and a debt-to-equity ratio of 0.05. The stock has a market cap of $806.29 million, a price-to-earnings ratio of 13.48, a price-to-earnings-growth ratio of 1.72 and a beta of 0.77. The business has a fifty day moving average of $14.25 and a two-hundred day moving average of $14.21.
QuinStreet Company Profile
QuinStreet, Inc, an Internet performance marketing company, provides customer acquisition services for its clients in the United States and internationally. It offers online marketing services to its clients in the form of qualified leads, inquiries, clicks, calls, applications, customers, display advertisements, or impressions through its Websites or third-party publishers.
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