Basswood Capital Management L.L.C. Has $7.14 Million Position in QuinStreet, Inc. $QNST

Basswood Capital Management L.L.C. lowered its holdings in QuinStreet, Inc. (NASDAQ:QNST) by 15.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 496,545 shares of the technology company’s stock after selling 90,028 shares during the quarter. Basswood Capital Management L.L.C.’s holdings in QuinStreet were worth $7,135,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently bought and sold shares of QNST. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in QuinStreet by 4.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 31,983 shares of the technology company’s stock worth $571,000 after purchasing an additional 1,381 shares in the last quarter. Millennium Management LLC boosted its stake in QuinStreet by 213.3% in the first quarter. Millennium Management LLC now owns 714,482 shares of the technology company’s stock worth $12,746,000 after purchasing an additional 486,406 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in QuinStreet by 19.6% in the first quarter. Goldman Sachs Group Inc. now owns 540,286 shares of the technology company’s stock worth $9,639,000 after purchasing an additional 88,431 shares in the last quarter. Caxton Associates LLP acquired a new position in QuinStreet in the first quarter worth $299,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of QuinStreet by 1.9% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 113,366 shares of the technology company’s stock worth $2,022,000 after acquiring an additional 2,135 shares during the last quarter. Institutional investors and hedge funds own 97.83% of the company’s stock.

Wall Street Analysts Forecast Growth

QNST has been the subject of a number of recent research reports. Wall Street Zen downgraded QuinStreet from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. B. Riley Financial upgraded QuinStreet to a “strong-buy” rating in a research report on Thursday, April 2nd. Weiss Ratings upgraded QuinStreet from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday. Finally, Northland Securities initiated coverage on QuinStreet in a research report on Tuesday, March 17th. They set an “outperform” rating and a $17.00 target price for the company. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $20.50.

QuinStreet Trading Up 1.2%

QNST stock opened at $12.34 on Friday. The company has a market cap of $708.81 million, a P/E ratio of 10.82 and a beta of 0.70. QuinStreet, Inc. has a twelve month low of $10.28 and a twelve month high of $17.13. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.23. The business has a fifty day moving average of $12.35 and a 200-day moving average of $12.91.

QuinStreet (NASDAQ:QNST) last released its earnings results on Thursday, May 7th. The technology company reported $0.31 earnings per share for the quarter, topping analysts’ consensus estimates of $0.17 by $0.14. The company 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%.The firm’s quarterly revenue was up 28.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.21 earnings per share. As a group, equities research analysts expect that QuinStreet, Inc. will post 0.53 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.