StepStone Group LP maintained its stake in shares of QuinStreet, Inc. (NASDAQ:QNST) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 270,114 shares of the technology company’s stock at the end of the second quarter. QuinStreet comprises approximately 0.7% of StepStone Group LP’s investment portfolio, making the stock its 8th biggest position. StepStone Group LP owned approximately 0.59% of QuinStreet worth $1,126,000 as of its most recent SEC filing.
A number of other hedge funds also recently made changes to their positions in QNST. Teachers Advisors LLC grew its holdings in QuinStreet by 12.5% during the 4th quarter. Teachers Advisors LLC now owns 57,717 shares of the technology company’s stock worth $217,000 after acquiring an additional 6,411 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in QuinStreet by 0.7% during the 1st quarter. Bank of New York Mellon Corp now owns 407,747 shares of the technology company’s stock worth $1,591,000 after acquiring an additional 2,696 shares in the last quarter. Comerica Bank grew its holdings in QuinStreet by 3.2% during the 1st quarter. Comerica Bank now owns 39,257 shares of the technology company’s stock worth $174,000 after acquiring an additional 1,205 shares in the last quarter. Ameriprise Financial Inc. grew its holdings in QuinStreet by 3.5% during the 1st quarter. Ameriprise Financial Inc. now owns 186,649 shares of the technology company’s stock worth $728,000 after acquiring an additional 6,355 shares in the last quarter. Finally, TFS Capital LLC grew its holdings in QuinStreet by 464.8% during the 1st quarter. TFS Capital LLC now owns 74,966 shares of the technology company’s stock worth $292,000 after acquiring an additional 61,692 shares in the last quarter. 62.53% of the stock is owned by institutional investors.
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Shares of QuinStreet, Inc. (NASDAQ:QNST) traded up 5.04% on Monday, reaching $6.46. 224,835 shares of the company’s stock traded hands. The company’s 50-day moving average is $4.62 and its 200-day moving average is $4.06. The firm’s market capitalization is $293.72 million. QuinStreet, Inc. has a 52 week low of $2.61 and a 52 week high of $6.69.
QuinStreet (NASDAQ:QNST) last announced its quarterly earnings results on Tuesday, August 8th. The technology company reported $0.06 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.07 by ($0.01). The business had revenue of $81.50 million during the quarter, compared to the consensus estimate of $80.91 million. QuinStreet had a negative net margin of 4.07% and a negative return on equity of 2.36%. The company’s quarterly revenue was up 3.0% compared to the same quarter last year. During the same period last year, the firm earned $0.02 EPS. Equities research analysts anticipate that QuinStreet, Inc. will post $0.21 earnings per share for the current fiscal year.
Separately, TheStreet raised shares of QuinStreet from a “d+” rating to a “c” rating in a report on Wednesday, June 28th.
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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