Roubaix Capital LLC Has $491,000 Stock Holdings in QuinStreet, Inc. (NASDAQ:QNST)

Roubaix Capital LLC reduced its stake in QuinStreet, Inc. (NASDAQ:QNST) by 80.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 25,644 shares of the technology company’s stock after selling 103,671 shares during the period. Roubaix Capital LLC’s holdings in QuinStreet were worth $491,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in shares of QuinStreet by 1.3% during the 1st quarter. Vanguard Group Inc. now owns 3,712,518 shares of the technology company’s stock worth $65,563,000 after buying an additional 48,705 shares during the period. American Century Companies Inc. grew its position in shares of QuinStreet by 27.5% in the second quarter. American Century Companies Inc. now owns 2,035,127 shares of the technology company’s stock valued at $33,763,000 after purchasing an additional 438,947 shares during the last quarter. William Blair Investment Management LLC grew its position in shares of QuinStreet by 0.8% in the first quarter. William Blair Investment Management LLC now owns 1,530,761 shares of the technology company’s stock valued at $27,033,000 after purchasing an additional 12,058 shares during the last quarter. Driehaus Capital Management LLC increased its stake in shares of QuinStreet by 17.6% during the second quarter. Driehaus Capital Management LLC now owns 1,509,937 shares of the technology company’s stock worth $25,050,000 after purchasing an additional 225,720 shares during the period. Finally, Millennium Management LLC lifted its holdings in QuinStreet by 7.5% during the 2nd quarter. Millennium Management LLC now owns 804,223 shares of the technology company’s stock worth $13,342,000 after purchasing an additional 55,889 shares during the last quarter. 97.83% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

QNST has been the topic of a number of research reports. B. Riley upped their price objective on QuinStreet from $21.50 to $24.00 and gave the company a “buy” rating in a report on Friday, August 9th. Barrington Research reaffirmed an “outperform” rating and set a $22.00 price target on shares of QuinStreet in a research report on Friday, August 9th. StockNews.com raised shares of QuinStreet from a “sell” rating to a “hold” rating in a report on Thursday, October 17th. Finally, Craig Hallum raised their target price on shares of QuinStreet from $22.00 to $25.00 and gave the stock a “buy” rating in a report on Friday, August 9th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $22.25.

QuinStreet Stock Up 11.3 %

QNST stock opened at $21.43 on Thursday. The company’s 50-day moving average price is $19.08 and its two-hundred day moving average price is $18.00. QuinStreet, Inc. has a 12 month low of $10.22 and a 12 month high of $21.75. The firm has a market cap of $1.18 billion, a P/E ratio of -13.74 and a beta of 1.11.

QuinStreet (NASDAQ:QNST) last announced its quarterly earnings data on Thursday, August 8th. The technology company reported $0.11 EPS for the quarter, beating the consensus estimate of $0.10 by $0.01. QuinStreet had a negative net margin of 5.11% and a negative return on equity of 13.00%. The business had revenue of $198.32 million during the quarter, compared to the consensus estimate of $186.39 million. During the same period in the previous year, the business earned ($1.03) earnings per share. The company’s revenue was up 52.2% on a year-over-year basis. Equities analysts predict that QuinStreet, Inc. will post 0.08 EPS for the current year.

About QuinStreet

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.