OP Asset Management Ltd Makes New Investment in QuinStreet, Inc. $QNST

OP Asset Management Ltd acquired a new position in shares of QuinStreet, Inc. (NASDAQ:QNST) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 148,161 shares of the technology company’s stock, valued at approximately $1,779,000. OP Asset Management Ltd owned approximately 0.26% of QuinStreet at the end of the most recent quarter.

Other institutional investors also recently modified their holdings 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 during the last quarter. Assenagon Asset Management S.A. grew its holdings in shares of QuinStreet by 43.7% during the fourth quarter. Assenagon Asset Management S.A. now owns 1,633,251 shares of the technology company’s stock worth $23,470,000 after purchasing an additional 496,492 shares during the last quarter. Intrinsic Edge Capital Management LLC acquired a new stake in shares of QuinStreet in the third quarter valued at $2,320,000. Algert Global LLC increased its stake in shares of QuinStreet by 161.4% in the third quarter. Algert Global LLC now owns 580,853 shares of the technology company’s stock valued at $8,986,000 after buying an additional 358,610 shares in the last quarter. Finally, Pacer Advisors Inc. raised its holdings in shares of QuinStreet by 39.6% in the fourth quarter. Pacer Advisors Inc. now owns 284,833 shares of the technology company’s stock valued at $4,093,000 after buying an additional 80,862 shares during the last quarter. Institutional investors own 97.83% of the company’s stock.

Analyst Upgrades and Downgrades

QNST has been the topic of several research reports. B. Riley Financial upgraded shares of QuinStreet to a “strong-buy” rating in a research report on Thursday, April 2nd. Wall Street Zen upgraded shares of QuinStreet from a “hold” rating to a “buy” rating in a research report on Saturday, June 20th. Northland Securities started coverage on shares of QuinStreet in a research note on Tuesday, March 17th. They issued an “outperform” rating and a $17.00 target price for the company. Finally, Weiss Ratings lowered shares of QuinStreet from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, QuinStreet has a consensus rating of “Moderate Buy” and an average price target of $20.50.

QuinStreet Stock Performance

Shares of NASDAQ:QNST opened at $14.14 on Monday. The company has a market capitalization of $812.20 million, a price-to-earnings ratio of 12.40 and a beta of 0.70. The firm’s 50 day simple moving average is $12.54 and its 200 day simple moving average is $12.83. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.18 and a quick ratio of 1.18. QuinStreet, Inc. has a fifty-two week low of $10.28 and a fifty-two week high of $17.13.

QuinStreet (NASDAQ:QNST) last issued its quarterly earnings data on Thursday, May 7th. The technology company reported $0.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $336.22 million. During the same quarter in the previous year, the company earned $0.21 earnings per share. The business’s revenue for the quarter was up 28.3% on a year-over-year basis. As a group, sell-side analysts forecast that QuinStreet, Inc. will post 0.53 earnings per share for the current year.

Insider Buying and Selling

In other QuinStreet news, CFO Gregory Wong sold 22,057 shares of QuinStreet stock in a transaction dated 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 directly owned 400,682 shares in the company, valued at approximately $4,884,313.58. The trade was a 5.22% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 5.00% of the company’s stock.

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.