Texas Permanent School Fund Corp Increases Stock Position in QuinStreet, Inc. (NASDAQ:QNST)

Texas Permanent School Fund Corp grew its stake in shares of QuinStreet, Inc. (NASDAQ:QNST) by 21.0% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 55,240 shares of the technology company’s stock after buying an additional 9,602 shares during the quarter. Texas Permanent School Fund Corp owned 0.10% of QuinStreet worth $916,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Victory Capital Management Inc. purchased a new stake in QuinStreet during the second quarter valued at about $175,000. Roubaix Capital LLC increased its position in shares of QuinStreet by 28.3% during the 2nd quarter. Roubaix Capital LLC now owns 129,315 shares of the technology company’s stock valued at $2,145,000 after purchasing an additional 28,547 shares during the last quarter. Rhumbline Advisers raised its holdings in shares of QuinStreet by 1.1% during the 2nd quarter. Rhumbline Advisers now owns 156,530 shares of the technology company’s stock valued at $2,597,000 after buying an additional 1,652 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in shares of QuinStreet by 2.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 394,775 shares of the technology company’s stock valued at $6,549,000 after buying an additional 9,537 shares in the last quarter. Finally, Louisiana State Employees Retirement System lifted its position in QuinStreet by 2.3% in the 2nd quarter. Louisiana State Employees Retirement System now owns 26,400 shares of the technology company’s stock worth $438,000 after buying an additional 600 shares during the last quarter. 97.83% of the stock is owned by institutional investors.

QuinStreet Stock Performance

NASDAQ:QNST opened at $19.96 on Friday. QuinStreet, Inc. has a fifty-two week low of $8.44 and a fifty-two week high of $20.50. The firm has a market cap of $1.12 billion, a PE ratio of -12.79 and a beta of 1.11. The business has a 50 day moving average price of $18.50 and a 200-day moving average price of $17.51.

QuinStreet (NASDAQ:QNST) last announced its quarterly earnings results on Thursday, August 8th. The technology company reported $0.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.10 by $0.01. QuinStreet had a negative net margin of 5.11% and a negative return on equity of 13.00%. The business had revenue of $198.32 million for the quarter, compared to analyst estimates of $186.39 million. During the same quarter last year, the firm earned ($1.03) EPS. The company’s revenue was up 52.2% on a year-over-year basis. Research analysts predict that QuinStreet, Inc. will post 0.08 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on QNST shares. B. Riley increased their price target on shares of QuinStreet from $21.50 to $24.00 and gave the company a “buy” rating in a research report on Friday, August 9th. Craig Hallum increased their target price on shares of QuinStreet from $22.00 to $25.00 and gave the company a “buy” rating in a report on Friday, August 9th. Barrington Research reissued an “outperform” rating and issued a $22.00 price target on shares of QuinStreet in a research note on Friday, August 9th. Finally, StockNews.com upgraded shares of QuinStreet from a “sell” rating to a “hold” rating in a research report on Monday, August 12th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $22.25.

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.