Pacer Advisors Inc. Increases Stock Position in QuinStreet, Inc. $QNST

Pacer Advisors Inc. increased its holdings in QuinStreet, Inc. (NASDAQ:QNST) by 39.6% during the fourth quarter, HoldingsChannel.com reports. The fund owned 284,833 shares of the technology company’s stock after buying an additional 80,862 shares during the period. Pacer Advisors Inc.’s holdings in QuinStreet were worth $4,093,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently bought and sold shares of the business. Farther Finance Advisors LLC grew its position in QuinStreet by 10.2% during the 4th 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. Entropy Technologies LP increased its stake in QuinStreet by 10.0% in the third quarter. Entropy Technologies LP now owns 14,063 shares of the technology company’s stock valued at $218,000 after purchasing an additional 1,284 shares during the period. Captrust Financial Advisors raised its holdings in shares of QuinStreet by 0.8% in the fourth quarter. Captrust Financial Advisors now owns 173,144 shares of the technology company’s stock valued at $2,488,000 after buying an additional 1,379 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of QuinStreet by 4.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 31,983 shares of the technology company’s stock worth $571,000 after buying an additional 1,381 shares during the period. Finally, Price T Rowe Associates Inc. MD boosted its stake in shares of QuinStreet by 4.7% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 31,107 shares of the technology company’s stock worth $448,000 after buying an additional 1,391 shares during the period. Institutional investors and hedge funds own 97.83% of the company’s stock.

QuinStreet Stock Down 0.5%

QNST stock opened at $12.99 on Tuesday. The stock has a market capitalization of $746.15 million, a PE ratio of 11.39 and a beta of 0.70. The company has a fifty day moving average of $12.44 and a 200-day moving average of $12.86. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.18 and a current ratio of 1.18. QuinStreet, Inc. has a one year low of $10.28 and a one year high of $17.13.

QuinStreet (NASDAQ:QNST) last issued its quarterly earnings results on Thursday, May 7th. The technology company reported $0.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.17 by $0.14. The business had revenue of $346.14 million for the quarter, compared to analyst estimates of $336.22 million. QuinStreet had a net margin of 5.53% and a return on equity of 9.97%. The business’s revenue was up 28.3% compared to the same quarter last year. During the same period in the previous year, the business posted $0.21 earnings per share. As a group, analysts expect that QuinStreet, Inc. will post 0.53 EPS for the current year.

Insiders Place Their Bets

In other QuinStreet news, CFO Gregory Wong sold 22,057 shares of the business’s stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $12.19, for a total transaction of $268,874.83. Following the transaction, the chief financial officer owned 400,682 shares in the company, valued at approximately $4,884,313.58. The trade was a 5.22% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 5.00% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. B. Riley Financial raised QuinStreet to a “strong-buy” rating in a report on Thursday, April 2nd. Weiss Ratings raised QuinStreet from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, June 9th. Wall Street Zen upgraded QuinStreet from a “hold” rating to a “buy” rating in a research note on Saturday. Finally, Northland Securities assumed coverage on QuinStreet in a report on Tuesday, March 17th. They issued an “outperform” rating and a $17.00 target price on the stock. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $20.50.

About QuinStreet

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.