Pacer Advisors Inc. Boosts Stock Holdings in QuinStreet, Inc. $QNST

Pacer Advisors Inc. increased its stake in QuinStreet, Inc. (NASDAQ:QNST) by 39.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 284,833 shares of the technology company’s stock after acquiring an additional 80,862 shares during the period. Pacer Advisors Inc. owned approximately 0.50% of QuinStreet worth $4,093,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Nordea Investment Management AB raised its position in QuinStreet by 59.8% in the 4th quarter. Nordea Investment Management AB now owns 362,042 shares of the technology company’s stock valued at $5,174,000 after purchasing an additional 135,527 shares in the last quarter. Assenagon Asset Management S.A. boosted its stake in shares of QuinStreet by 43.7% in the 4th quarter. Assenagon Asset Management S.A. now owns 1,633,251 shares of the technology company’s stock valued at $23,470,000 after buying an additional 496,492 shares during the period. Intrinsic Edge Capital Management LLC acquired a new position in shares of QuinStreet during the third quarter worth about $2,320,000. Algert Global LLC grew its position in shares of QuinStreet by 161.4% during the third quarter. Algert Global LLC now owns 580,853 shares of the technology company’s stock worth $8,986,000 after buying an additional 358,610 shares in the last quarter. Finally, UBS Group AG increased its stake in shares of QuinStreet by 59.6% during the fourth quarter. UBS Group AG now owns 260,318 shares of the technology company’s stock worth $3,741,000 after buying an additional 97,226 shares during the period. 97.83% of the stock is currently owned by hedge funds and other institutional investors.

QuinStreet Trading Down 0.5%

NASDAQ QNST opened at $12.99 on Tuesday. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.18 and a quick ratio of 1.18. The firm’s fifty day moving average price is $12.44 and its 200 day moving average price is $12.86. The company has a market capitalization of $746.15 million, a price-to-earnings ratio of 11.39 and a beta of 0.70. QuinStreet, Inc. has a 12 month low of $10.28 and a 12 month high of $17.13.

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

Insider Activity at QuinStreet

In other news, CFO Gregory Wong sold 22,057 shares of the business’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $12.19, for a total value of $268,874.83. Following the completion of the sale, the chief financial officer directly owned 400,682 shares of the company’s stock, 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 Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 5.00% of the company’s stock.

Analyst Upgrades and Downgrades

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