Driehaus Capital Management LLC Has $25.05 Million Stake in QuinStreet, Inc. (NASDAQ:QNST)

Driehaus Capital Management LLC boosted its holdings in shares of QuinStreet, Inc. (NASDAQ:QNST) by 17.6% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,509,937 shares of the technology company’s stock after buying an additional 225,720 shares during the quarter. Driehaus Capital Management LLC owned about 2.73% of QuinStreet worth $25,050,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of QNST. Louisiana State Employees Retirement System boosted its holdings in QuinStreet by 2.3% during the second quarter. Louisiana State Employees Retirement System now owns 26,400 shares of the technology company’s stock valued at $438,000 after acquiring an additional 600 shares during the period. The Manufacturers Life Insurance Company boosted its holdings in QuinStreet by 3.6% during the second quarter. The Manufacturers Life Insurance Company now owns 20,539 shares of the technology company’s stock valued at $341,000 after acquiring an additional 719 shares during the period. PEAK6 Investments LLC boosted its holdings in QuinStreet by 3.4% during the first quarter. PEAK6 Investments LLC now owns 25,680 shares of the technology company’s stock valued at $454,000 after acquiring an additional 843 shares during the period. Texas Permanent School Fund Corp boosted its holdings in QuinStreet by 1.9% during the first quarter. Texas Permanent School Fund Corp now owns 45,638 shares of the technology company’s stock valued at $806,000 after acquiring an additional 847 shares during the period. Finally, Rhumbline Advisers boosted its holdings in QuinStreet by 1.1% during the second quarter. Rhumbline Advisers now owns 156,530 shares of the technology company’s stock valued at $2,597,000 after acquiring an additional 1,652 shares during the period. 97.83% of the stock is owned by institutional investors and hedge funds.

QuinStreet Stock Up 1.9 %

Shares of QNST opened at $19.00 on Friday. The stock has a market cap of $1.07 billion, a price-to-earnings ratio of -12.18 and a beta of 1.11. QuinStreet, Inc. has a 12 month low of $8.44 and a 12 month high of $20.91. The company has a 50-day moving average price of $18.63 and a two-hundred day moving average price of $17.65.

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

Analysts Set New Price Targets

A number of equities research analysts have issued reports on QNST shares. Barrington Research restated an “outperform” rating and set a $22.00 price target on shares of QuinStreet in a report on Friday, August 9th. B. Riley upped their price target on shares of QuinStreet from $21.50 to $24.00 and gave the company a “buy” rating in a report on Friday, August 9th. StockNews.com cut shares of QuinStreet from a “hold” rating to a “sell” rating in a research note on Monday, September 23rd. Finally, 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 research note on Friday, August 9th. One research analyst has rated the stock with a sell rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, QuinStreet currently has a consensus rating of “Moderate Buy” and an average price target 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.