Universal Beteiligungs und Servicegesellschaft mbH Boosts Stock Holdings in QuinStreet, Inc. (NASDAQ:QNST)

Universal Beteiligungs und Servicegesellschaft mbH grew its position in shares of QuinStreet, Inc. (NASDAQ:QNST) by 14.7% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 196,481 shares of the technology company’s stock after purchasing an additional 25,202 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in QuinStreet were worth $3,505,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Jackson Creek Investment Advisors LLC purchased a new position in shares of QuinStreet during the 1st quarter valued at approximately $1,458,000. Signaturefd LLC increased its holdings in shares of QuinStreet by 81,292.9% during the 1st quarter. Signaturefd LLC now owns 11,395 shares of the technology company’s stock valued at $203,000 after purchasing an additional 11,381 shares in the last quarter. CWM LLC increased its holdings in shares of QuinStreet by 326.7% during the 1st quarter. CWM LLC now owns 6,144 shares of the technology company’s stock valued at $110,000 after purchasing an additional 4,704 shares in the last quarter. Principal Financial Group Inc. boosted its position in QuinStreet by 2.7% during the first quarter. Principal Financial Group Inc. now owns 281,756 shares of the technology company’s stock worth $5,027,000 after purchasing an additional 7,511 shares in the last quarter. Finally, Teacher Retirement System of Texas boosted its position in QuinStreet by 12.1% during the first quarter. Teacher Retirement System of Texas now owns 22,622 shares of the technology company’s stock worth $404,000 after purchasing an additional 2,449 shares in the last quarter. 97.83% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on QNST shares. Stephens reiterated an “overweight” rating and set a $31.00 price target on shares of QuinStreet in a research report on Thursday, May 8th. Wall Street Zen raised shares of QuinStreet from a “hold” rating to a “buy” rating in a report on Saturday, June 21st. Barrington Research reissued an “outperform” rating and issued a $29.00 price target on shares of QuinStreet in a report on Wednesday, April 23rd. Finally, Lake Street Capital cut their price target on shares of QuinStreet from $27.00 to $19.00 and set a “hold” rating for the company in a report on Thursday, May 8th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $29.00.

QuinStreet Stock Performance

Shares of NASDAQ QNST opened at $16.65 on Tuesday. The firm has a market cap of $940.23 million, a PE ratio of -1,663.34 and a beta of 0.74. The firm has a fifty day moving average of $15.67 and a 200 day moving average of $17.89. QuinStreet, Inc. has a one year low of $14.39 and a one year high of $26.27.

QuinStreet (NASDAQ:QNST) last issued its quarterly earnings results on Wednesday, May 7th. The technology company reported $0.21 EPS for the quarter, topping the consensus estimate of $0.06 by $0.15. QuinStreet had a negative net margin of 0.06% and a positive return on equity of 1.08%. The company had revenue of $269.84 million during the quarter, compared to analyst estimates of $270.36 million. During the same quarter in the previous year, the firm earned $0.06 EPS. The firm’s revenue was up 60.1% compared to the same quarter last year. On average, equities analysts predict that QuinStreet, Inc. will post 0.12 EPS for the current fiscal year.

QuinStreet Company Profile

QuinStreet, Inc, an online performance marketing company, provides customer acquisition services for its clients in the United States and internationally. The company offers online marketing services, such as qualified clicks, leads, calls, applications, and customers through its websites or third-party publishers.