7,207 Shares in QuinStreet, Inc. (NASDAQ:QNST) Acquired by RiverPark Advisors LLC

RiverPark Advisors LLC purchased a new position in shares of QuinStreet, Inc. (NASDAQ:QNST) in the first quarter, HoldingsChannel reports. The institutional investor purchased 7,207 shares of the technology company’s stock, valued at approximately $127,000.

Other large investors also recently modified their holdings of the company. Naples Money Management LLC acquired a new position in shares of QuinStreet during the fourth quarter worth approximately $38,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of QuinStreet by 57.5% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,722 shares of the technology company’s stock worth $163,000 after buying an additional 4,647 shares during the last quarter. Cornerstone Investment Partners LLC acquired a new position in shares of QuinStreet during the fourth quarter worth approximately $165,000. SG Americas Securities LLC lifted its holdings in shares of QuinStreet by 6.4% during the fourth quarter. SG Americas Securities LLC now owns 15,066 shares of the technology company’s stock worth $193,000 after buying an additional 906 shares during the last quarter. Finally, Pekin Hardy Strauss Inc. acquired a new position in shares of QuinStreet during the fourth quarter worth approximately $206,000. 97.83% of the stock is currently owned by institutional investors and hedge funds.

QuinStreet Stock Performance

NASDAQ:QNST traded down $0.28 during mid-day trading on Tuesday, hitting $16.01. The company had a trading volume of 275,875 shares, compared to its average volume of 389,554. QuinStreet, Inc. has a fifty-two week low of $8.08 and a fifty-two week high of $19.58. The business’s fifty day moving average is $17.28 and its two-hundred day moving average is $15.69. The firm has a market cap of $885.03 million, a P/E ratio of -10.33 and a beta of 1.16.

QuinStreet (NASDAQ:QNST) last released its quarterly earnings results on Wednesday, May 8th. The technology company reported ($0.13) earnings per share for the quarter, missing the consensus estimate of ($0.07) by ($0.06). QuinStreet had a negative net margin of 15.59% and a negative return on equity of 38.56%. The company had revenue of $168.59 million during the quarter, compared to analyst estimates of $166.54 million. Equities analysts forecast that QuinStreet, Inc. will post -0.55 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on QNST. Singular Research upgraded QuinStreet to a “moderate buy” rating in a report on Tuesday, May 14th. Stephens increased their price target on QuinStreet from $17.00 to $18.00 and gave the stock an “overweight” rating in a research report on Friday, March 15th. StockNews.com raised shares of QuinStreet to a “sell” rating in a report on Saturday, April 13th. B. Riley started coverage on QuinStreet in a research report on Friday, April 19th. They set a “buy” rating and a $21.50 target price for the company. Finally, Craig Hallum raised QuinStreet from a “hold” rating to a “buy” rating and set a $22.00 price target on the stock in a research note on Tuesday, June 18th. One analyst has rated the stock with a sell rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, QuinStreet has an average rating of “Moderate Buy” and an average target price of $20.88.

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.