BNP Paribas Financial Markets Sells 64,954 Shares of QuinStreet, Inc. $QNST

BNP Paribas Financial Markets reduced its stake in shares of QuinStreet, Inc. (NASDAQ:QNST) by 9.6% in the 4th quarter, Holdings Channel reports. The firm owned 609,026 shares of the technology company’s stock after selling 64,954 shares during the quarter. BNP Paribas Financial Markets’ holdings in QuinStreet were worth $8,752,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Farther Finance Advisors LLC raised 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. FJ Capital Management LLC bought a new position in QuinStreet during the 3rd quarter worth $135,000. Cerity Partners LLC bought a new position in QuinStreet during the 2nd quarter worth $170,000. Amundi bought a new position in QuinStreet during the 3rd quarter worth $166,000. Finally, MQS Management LLC bought a new position in QuinStreet during the 4th quarter worth $159,000. 97.83% of the stock is owned by institutional investors.

QuinStreet Stock Performance

Shares of QuinStreet stock opened at $11.86 on Tuesday. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.23. The business has a 50-day moving average price of $12.33 and a two-hundred day moving average price of $12.94. QuinStreet, Inc. has a 1-year low of $10.28 and a 1-year high of $17.13. The company has a market cap of $681.24 million, a P/E ratio of 10.40 and a beta of 0.70.

QuinStreet (NASDAQ:QNST) last issued its quarterly 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. QuinStreet had a return on equity of 9.97% and a net margin of 5.53%.The firm had revenue of $346.14 million during the quarter, compared to the consensus estimate of $336.22 million. During the same period last year, the business posted $0.21 EPS. The business’s revenue was up 28.3% compared to the same quarter last year. As a group, analysts anticipate that QuinStreet, Inc. will post 0.53 EPS for the current year.

Analysts Set New Price Targets

QNST has been the subject of several analyst reports. Weiss Ratings lowered QuinStreet from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, May 13th. Northland Securities started 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. B. Riley Financial upgraded QuinStreet to a “strong-buy” rating in a report on Thursday, April 2nd. Finally, Wall Street Zen downgraded QuinStreet from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average 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.