Russell Investments Group Ltd. boosted its position in shares of QuinStreet, Inc. (NASDAQ:QNST) by 20.4% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 88,520 shares of the technology company’s stock after purchasing an additional 15,012 shares during the period. Russell Investments Group Ltd. owned approximately 0.19% of QuinStreet worth $650,000 at the end of the most recent quarter.
A number of other hedge funds have also recently modified their holdings of QNST. Geode Capital Management LLC raised its stake in QuinStreet by 4.0% during the first quarter. Geode Capital Management LLC now owns 284,704 shares of the technology company’s stock worth $1,110,000 after purchasing an additional 10,913 shares during the period. Great West Life Assurance Co. Can raised its stake in QuinStreet by 29.4% during the second quarter. Great West Life Assurance Co. Can now owns 52,855 shares of the technology company’s stock worth $220,000 after purchasing an additional 12,000 shares during the period. SG Americas Securities LLC purchased a new position in QuinStreet during the second quarter worth about $271,000. Legal & General Group Plc raised its stake in QuinStreet by 2.3% during the second quarter. Legal & General Group Plc now owns 61,218 shares of the technology company’s stock worth $255,000 after purchasing an additional 1,350 shares during the period. Finally, JPMorgan Chase & Co. raised its stake in QuinStreet by 14.3% during the second quarter. JPMorgan Chase & Co. now owns 99,475 shares of the technology company’s stock worth $415,000 after purchasing an additional 12,426 shares during the period. 63.70% of the stock is currently owned by institutional investors.
Separately, Barrington Research initiated coverage on shares of QuinStreet in a research note on Tuesday, November 28th. They set an “outperform” rating and a $12.50 target price on the stock.
QuinStreet, Inc. (NASDAQ:QNST) opened at $8.62 on Wednesday. QuinStreet, Inc. has a 52 week low of $2.96 and a 52 week high of $10.97. The company has a market cap of $383.09, a PE ratio of -53.88, a price-to-earnings-growth ratio of 2.54 and a beta of 1.12.
QuinStreet (NASDAQ:QNST) last issued its earnings results on Monday, October 30th. The technology company reported $0.08 EPS for the quarter, topping analysts’ consensus estimates of $0.05 by $0.03. The company had revenue of $87.40 million for the quarter, compared to the consensus estimate of $79.90 million. QuinStreet had a negative net margin of 2.29% and a positive return on equity of 1.06%. QuinStreet’s quarterly revenue was up 19.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.01 earnings per share. analysts predict that QuinStreet, Inc. will post 0.11 EPS for the current fiscal year.
ILLEGAL ACTIVITY NOTICE: This piece of content was originally published by Chaffey Breeze and is owned by of Chaffey Breeze. If you are viewing this piece of content on another publication, it was copied illegally and republished in violation of United States & international copyright & trademark legislation. The legal version of this piece of content can be viewed at https://www.chaffeybreeze.com/2018/01/03/russell-investments-group-ltd-has-650000-holdings-in-quinstreet-inc-qnst.html.
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.
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).
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.