Intrinsic Edge Capital Management LLC Invests $2.32 Million in QuinStreet, Inc. $QNST

Intrinsic Edge Capital Management LLC acquired a new position in shares of QuinStreet, Inc. (NASDAQ:QNST) in the third quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 150,000 shares of the technology company’s stock, valued at approximately $2,320,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in QNST. Tripletail Wealth Management LLC acquired a new position in QuinStreet during the third quarter worth $105,000. Cerity Partners LLC acquired a new position in QuinStreet in the 2nd quarter valued at about $170,000. Savant Capital LLC purchased a new position in shares of QuinStreet in the third quarter valued at approximately $193,000. Lazard Asset Management LLC boosted its stake in shares of 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 period. Finally, PharVision Advisers LLC acquired a new position in shares of QuinStreet in the second quarter valued at approximately $196,000. Hedge funds and other institutional investors own 97.83% of the company’s stock.

QuinStreet Price Performance

QuinStreet stock opened at $11.73 on Wednesday. The stock has a market cap of $668.49 million, a PE ratio of 10.76 and a beta of 0.70. The stock’s fifty day moving average is $13.20 and its two-hundred day moving average is $14.31. QuinStreet, Inc. has a 1-year low of $10.28 and a 1-year high of $19.52.

QuinStreet (NASDAQ:QNST) last released its quarterly earnings data on Thursday, February 5th. The technology company reported $0.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.21 by $0.03. QuinStreet had a return on equity of 9.55% and a net margin of 5.64%.The business had revenue of $287.85 million during the quarter, compared to analysts’ expectations of $275.07 million. During the same period in the prior year, the firm posted $0.20 EPS. The business’s quarterly revenue was up 1.9% compared to the same quarter last year. On average, research analysts expect that QuinStreet, Inc. will post 0.12 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on QNST shares. Barrington Research reiterated an “outperform” rating and set a $24.00 target price on shares of QuinStreet in a report on Friday, February 6th. Lake Street Capital set a $15.00 price objective on QuinStreet in a research report on Friday, February 6th. Weiss Ratings upgraded QuinStreet from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, February 9th. Finally, B. Riley Financial boosted their target price on QuinStreet from $25.00 to $26.00 and gave the stock a “buy” rating in a research note on Wednesday, January 7th. Three investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $24.00.

QuinStreet 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.