According to the most recent filing the company filed with the Securities and Exchange Commission (filed by the company), Strs Ohio’s stake in QuinStreet, Inc. (NASDAQ:QNST) rose 45.9% in the third quarter. (SEC). Following the company’s purchase of an additional 17,900 shares of the tech company during the quarter, the total number of shares it currently owns is 56,900. According to the most recent report that Strs Ohio filed with the SEC, the company’s interest in QuinStreet was 0.11% and had a market value of $597,000.
Several other hedge funds have recently changed their approaches to investing in QNST. JPMorgan Chase & Co. increased the percentage of QuinStreet shares it owns by 9.4% during the first quarter. JPMorgan Chase & Co. now owns 644,508 shares of the tech company, currently valued at $7,476,000, after purchasing an additional 55,500 shares during the period. The value of Citigroup Inc.’s holdings in QuinStreet rose 11.6% in the first three months of 2018. Citigroup Inc. now owns a total of 43,211 shares in the technology company, having bought an additional 4,502 shares in the last period. The value of all shares of the technology company from Citigroup Inc. amounts to a total of 501,000 US dollars. During the first three months of the year, MetLife Investment Management LLC acquired an additional 54.9% stake in QuinStreet. After purchasing an additional 9,979 shares during the above period, MetLife Investment Management LLC now has a total of 28,152 shares of the technology company worth $327,000. These shares were acquired during the relevant period. The number of QuinStreet shares held by Rhumbline Advisers increased by 6.5% in the first three months of 2018.
Rhumbline Advisers now owns 128,656 shares of the technology company, which they have recently increased by purchasing an additional 7,846 shares. The stock is currently valued at $1,492,000. Finally, in the first quarter of this year, the Commonwealth of Pennsylvania Public School Employee Pension Scheme increased QuinStreet’s ownership by 14.7%. This happened in the first three months of the year. The Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns a total of 43,268 shares of the tech company, after recently purchasing an additional 5,551 shares. The company’s shares are currently valued at $502,000. Hedge funds and other types of institutional investors collectively own 89.88% of the company’s shares.
A large number of research analysts have written articles related to the company. The first research report that StockNews.com had written about QuinStreet was finally published on October 12 and published on the website. They recommended that shareholders “hold” their shares in the company. Barrington Research increased its price target on QuinStreet to $17.00 from $14.00 and gave the company a buy rating in a research note issued on Friday, November 11, while the other rating indicated that investors are buying it should. The website Bloomberg.com reports that the most common recommendation for the company is a “moderate buy” and that the $15 price point is expected to see widespread acceptance.
When the stock market opened on Wednesday, QNST shares were priced at $15.72 per unit. QuinStreet, Inc. hit its all-time high of $16.24 over the company’s last 52 weeks while its 52-week low was $8.28. The stock’s price to earnings ratio is currently -68.35 and its beta is currently 0.99. The total market value of the company’s shares is currently valued at $843.22 million. The company’s 50-day simple moving average is $14.03 and its 200-day simple moving average is $12.31.
The most recent quarterly report for QuinStreet was released on November 3rd and can be found on the NASDAQ market under the symbol QNST. The information technology division reported earnings per share of $0.08 for the quarter, below analyst consensus estimate of $0.06 of $0.02; reported earnings per share for the quarter of $0.08, below analyst consensus estimate of $0.06 of $0.02; and reported earnings per share for the quarter of $0.08, which fell short of the $0.06 consensus estimate among analysts of $0.02. QuinStreet’s return on equity was negative at 4.40% and the company’s net margin was also negative at 2.27%. The company’s revenue for the quarter was $143.59 million, significantly ahead of analysts’ forecast of $137.50 million in revenue for the company. Sell-side analysts are predicting that QuinStreet, Inc. will report a -0.17 cent per share revenue loss for the current fiscal year. This loss is expected to occur in the current financial year.
Customer acquisition is just one of the many services that QuinStreet, Inc., an online performance marketing company, offers to clients based in the United States and abroad. Consumers can access the Company’s online marketing services, such as B. qualified clicks, leads, calls and applications, through the company’s websites and those of third parties.
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