State of Alaska Department of Revenue trimmed its stake in shares of QuinStreet, Inc. (NASDAQ:QNST – Free Report) by 3.4% during the second quarter, HoldingsChannel.com reports. The firm owned 33,472 shares of the technology company’s stock after selling 1,163 shares during the quarter. State of Alaska Department of Revenue’s holdings in QuinStreet were worth $295,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. State of Wyoming raised its stake in shares of QuinStreet by 62.2% during the 4th quarter. State of Wyoming now owns 7,193 shares of the technology company’s stock valued at $103,000 after purchasing an additional 2,757 shares during the period. Hsbc Holdings PLC bought a new stake in shares of QuinStreet during the 1st quarter valued at $173,000. Allspring Global Investments Holdings LLC raised its stake in shares of QuinStreet by 21.8% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 15,523 shares of the technology company’s stock valued at $246,000 after purchasing an additional 2,777 shares during the period. Dynamic Technology Lab Private Ltd bought a new stake in shares of QuinStreet during the 1st quarter valued at $196,000. Finally, Teachers Retirement System of The State of Kentucky bought a new stake in shares of QuinStreet during the 3rd quarter valued at $179,000. 89.78% of the stock is currently owned by institutional investors.
QuinStreet Stock Down 1.5 %
Shares of NASDAQ QNST opened at $10.24 on Tuesday. The firm has a market capitalization of $560.45 million, a P/E ratio of -8.06 and a beta of 0.97. The stock’s 50-day simple moving average is $9.52 and its two-hundred day simple moving average is $9.53. QuinStreet, Inc. has a twelve month low of $6.79 and a twelve month high of $18.18.
Wall Street Analysts Forecast Growth
A number of analysts recently issued reports on the company. Barrington Research upgraded QuinStreet from a “market perform” rating to an “outperform” rating and set a $14.00 price objective on the stock in a research note on Monday. B. Riley decreased their target price on QuinStreet from $10.00 to $9.00 in a research note on Tuesday, October 10th. Finally, StockNews.com started coverage on QuinStreet in a research note on Thursday, October 5th. They issued a “sell” rating on the stock. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $14.00.
Check Out Our Latest Stock Report on QuinStreet
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.
Featured Articles
- Five stocks we like better than QuinStreet
- What is the NASDAQ Stock Exchange?
- Las Vegas Sands Stock May No Longer Be a Gamble
- Are Stock Buybacks Good for the Average Investor?
- MarketBeat ‘Stock of the Week’: Is Gen Digital Undervalued?
- What’s a Sound Playbook for Investors During Election Years?
- The Value Deepens for Medtech Stocks: Reversal Imminent
Want to see what other hedge funds are holding QNST? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for QuinStreet, Inc. (NASDAQ:QNST – Free Report).
Receive News & Ratings for QuinStreet Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for QuinStreet and related companies with MarketBeat.com's FREE daily email newsletter.
