Inspire Investing LLC Purchases New Stake in QuinStreet, Inc. (NASDAQ:QNST)

Inspire Investing LLC acquired a new position in shares of QuinStreet, Inc. (NASDAQ:QNST) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 42,689 shares of the technology company’s stock, valued at approximately $817,000.

Several other institutional investors also recently bought and sold shares of QNST. Private Capital Management LLC lifted its holdings in shares of QuinStreet by 1.4% during the 4th quarter. Private Capital Management LLC now owns 4,503,159 shares of the technology company’s stock valued at $57,730,000 after acquiring an additional 62,095 shares in the last quarter. Vanguard Group Inc. raised its position in QuinStreet by 1.3% in the first quarter. Vanguard Group Inc. now owns 3,712,518 shares of the technology company’s stock valued at $65,563,000 after purchasing an additional 48,705 shares during the period. American Century Companies Inc. lifted its position in QuinStreet by 27.5% during the 2nd quarter. American Century Companies Inc. now owns 2,035,127 shares of the technology company’s stock worth $33,763,000 after acquiring an additional 438,947 shares in the last quarter. William Blair Investment Management LLC boosted its position in QuinStreet by 0.8% in the 1st quarter. William Blair Investment Management LLC now owns 1,530,761 shares of the technology company’s stock valued at $27,033,000 after buying an additional 12,058 shares during the last quarter. Finally, Driehaus Capital Management LLC boosted its stake in shares of QuinStreet by 17.6% during the 2nd quarter. Driehaus Capital Management LLC now owns 1,509,937 shares of the technology company’s stock valued at $25,050,000 after buying an additional 225,720 shares during the last quarter. 97.83% of the stock is currently owned by hedge funds and other institutional investors.

QuinStreet Stock Performance

Shares of QNST opened at $19.15 on Tuesday. The firm has a fifty day moving average of $18.69 and a 200-day moving average of $17.85. The company has a market cap of $1.06 billion, a price-to-earnings ratio of -12.28 and a beta of 1.11. QuinStreet, Inc. has a 1 year low of $9.46 and a 1 year high of $20.91.

QuinStreet (NASDAQ:QNST) last posted its earnings results on Thursday, August 8th. The technology company reported $0.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.10 by $0.01. QuinStreet had a negative net margin of 5.11% and a negative return on equity of 13.00%. The firm had revenue of $198.32 million during the quarter, compared to analyst estimates of $186.39 million. During the same period in the previous year, the business posted ($1.03) EPS. QuinStreet’s revenue was up 52.2% on a year-over-year basis. Analysts predict that QuinStreet, Inc. will post 0.08 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on QNST. StockNews.com downgraded QuinStreet from a “hold” rating to a “sell” rating in a report on Wednesday, October 9th. Craig Hallum increased their target price on shares of QuinStreet from $22.00 to $25.00 and gave the stock a “buy” rating in a report on Friday, August 9th. Barrington Research reaffirmed an “outperform” rating and issued a $22.00 price target on shares of QuinStreet in a report on Friday, August 9th. Finally, B. Riley increased their price objective on shares of QuinStreet from $21.50 to $24.00 and gave the stock a “buy” rating in a research note on Friday, August 9th. One analyst has rated the stock with a sell rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $22.25.

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.