Dockside LLC Takes $834,000 Position in QuinStreet, Inc. $QNST

Dockside LLC bought a new stake in QuinStreet, Inc. (NASDAQ:QNST) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 58,062 shares of the technology company’s stock, valued at approximately $834,000. Dockside LLC owned approximately 0.10% of QuinStreet at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Farther Finance Advisors LLC lifted its position in QuinStreet by 10.2% during the fourth quarter. Farther Finance Advisors LLC now owns 7,896 shares of the technology company’s stock worth $113,000 after buying an additional 730 shares in the last quarter. Entropy Technologies LP lifted its position in QuinStreet by 10.0% during the third quarter. Entropy Technologies LP now owns 14,063 shares of the technology company’s stock worth $218,000 after buying an additional 1,284 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in 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 in the last quarter. Harbor Capital Advisors Inc. lifted its position in QuinStreet by 11.7% during the fourth quarter. Harbor Capital Advisors Inc. now owns 16,664 shares of the technology company’s stock worth $239,000 after buying an additional 1,749 shares in the last quarter. Finally, Deutsche Bank AG lifted its position in QuinStreet by 4.1% during the fourth quarter. Deutsche Bank AG now owns 44,543 shares of the technology company’s stock worth $640,000 after buying an additional 1,752 shares in the last quarter. Hedge funds and other institutional investors own 97.83% of the company’s stock.

QuinStreet Price Performance

NASDAQ:QNST opened at $12.34 on Monday. QuinStreet, Inc. has a 52 week low of $10.28 and a 52 week 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 company has a market capitalization of $708.81 million, a P/E ratio of 10.82 and a beta of 0.70. The stock’s fifty day moving average is $12.35 and its two-hundred day moving average is $12.91.

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

Analysts Set New Price Targets

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

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.