Legal & General Group Plc increased its stake in shares of QuinStreet, Inc. (NASDAQ:QNST) by 0.7% during the first quarter, Holdings Channel reports. The firm owned 59,868 shares of the technology company’s stock after buying an additional 431 shares during the period. Legal & General Group Plc’s holdings in QuinStreet were worth $233,000 as of its most recent filing with the SEC.
Other large investors also recently added to or reduced their stakes in the company. State of Tennessee Treasury Department boosted its stake in shares of QuinStreet by 17.8% in the first quarter. State of Tennessee Treasury Department now owns 31,119 shares of the technology company’s stock valued at $121,000 after buying an additional 4,696 shares during the last quarter. Comerica Bank boosted its stake in shares of QuinStreet by 3.2% in the first quarter. Comerica Bank now owns 39,257 shares of the technology company’s stock valued at $174,000 after buying an additional 1,205 shares during the last quarter. Russell Investments Group Ltd. acquired a new stake in shares of QuinStreet during the fourth quarter valued at $178,000. Teachers Advisors LLC boosted its stake in shares of QuinStreet by 12.5% in the fourth quarter. Teachers Advisors LLC now owns 57,717 shares of the technology company’s stock valued at $217,000 after buying an additional 6,411 shares during the last quarter. Finally, OppenheimerFunds Inc. boosted its stake in shares of QuinStreet by 38.6% in the first quarter. OppenheimerFunds Inc. now owns 67,920 shares of the technology company’s stock valued at $265,000 after buying an additional 18,905 shares during the last quarter. 63.63% of the stock is owned by institutional investors.
Shares of QuinStreet, Inc. (QNST) traded down 0.74% during midday trading on Friday, hitting $4.01. 7,663 shares of the stock traded hands. The company’s market cap is $182.32 million. The stock has a 50-day moving average of $3.94 and a 200-day moving average of $3.78. QuinStreet, Inc. has a 52-week low of $2.61 and a 52-week high of $4.63.
QuinStreet (NASDAQ:QNST) last issued its quarterly earnings results on Tuesday, August 8th. The technology company reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by $0.01. QuinStreet had a negative return on equity of 2.36% and a negative net margin of 4.07%. The firm had revenue of $81.50 million during the quarter, compared to analysts’ expectations of $80.91 million. During the same quarter in the prior year, the firm earned $0.02 EPS. The firm’s revenue was up 3.0% compared to the same quarter last year. On average, equities analysts predict that QuinStreet, Inc. will post $0.21 earnings per share for the current fiscal year.
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Separately, TheStreet raised shares of QuinStreet from a “d+” rating to a “c” rating in a research report on Wednesday, June 28th.
QuinStreet Company Profile
QuinStreet, Inc is an online performance marketing company. The Company provides vertically oriented customer acquisition programs for its clients. The Company operating segments include Direct Marketing Services (DMS) business. Its DMS business derives its net revenue from fees earned through the delivery of qualified leads, clicks, calls or customers, and display advertisements, or impressions.
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