Quarry LP Purchases 2,266 Shares of QuinStreet, Inc. (NASDAQ:QNST)

Quarry LP lifted its position in QuinStreet, Inc. (NASDAQ:QNST) by 11,330.0% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,286 shares of the technology company’s stock after buying an additional 2,266 shares during the period. Quarry LP’s holdings in QuinStreet were worth $38,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Louisiana State Employees Retirement System increased its position in shares of QuinStreet by 2.3% in the 2nd quarter. Louisiana State Employees Retirement System now owns 26,400 shares of the technology company’s stock valued at $438,000 after buying an additional 600 shares in the last quarter. The Manufacturers Life Insurance Company increased its holdings in QuinStreet by 3.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 20,539 shares of the technology company’s stock worth $341,000 after purchasing an additional 719 shares in the last quarter. PEAK6 Investments LLC increased its holdings in QuinStreet by 3.4% during the 1st quarter. PEAK6 Investments LLC now owns 25,680 shares of the technology company’s stock worth $454,000 after purchasing an additional 843 shares in the last quarter. Texas Permanent School Fund Corp increased its holdings in QuinStreet by 1.9% during the 1st quarter. Texas Permanent School Fund Corp now owns 45,638 shares of the technology company’s stock worth $806,000 after purchasing an additional 847 shares in the last quarter. Finally, Rhumbline Advisers increased its holdings in QuinStreet by 1.1% during the 2nd quarter. Rhumbline Advisers now owns 156,530 shares of the technology company’s stock worth $2,597,000 after purchasing an additional 1,652 shares in the last quarter. Institutional investors own 97.83% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on QNST shares. Barrington Research restated an “outperform” rating and issued a $22.00 price objective on shares of QuinStreet in a report on Friday, August 9th. StockNews.com upgraded QuinStreet from a “sell” rating to a “hold” rating in a report on Tuesday, October 1st. Craig Hallum raised their price objective on QuinStreet from $22.00 to $25.00 and gave the company a “buy” rating in a report on Friday, August 9th. Finally, B. Riley raised their price objective on QuinStreet from $21.50 to $24.00 and gave the company a “buy” rating in a report on Friday, August 9th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, QuinStreet has an average rating of “Moderate Buy” and an average price target of $22.25.

QuinStreet Trading Up 2.5 %

Shares of NASDAQ:QNST opened at $19.13 on Friday. QuinStreet, Inc. has a 52-week low of $8.44 and a 52-week high of $20.91. The company has a 50-day simple moving average of $18.66 and a 200 day simple moving average of $17.77.

QuinStreet (NASDAQ:QNST) last issued its earnings results on Thursday, August 8th. The technology company reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $186.39 million. During the same period last year, the business posted ($1.03) EPS. QuinStreet’s revenue was up 52.2% on a year-over-year basis. On average, equities research analysts anticipate that QuinStreet, Inc. will post 0.08 earnings per share for the current year.

About QuinStreet

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.