Roubaix Capital LLC Sells 103,671 Shares of QuinStreet, Inc. (NASDAQ:QNST)

Roubaix Capital LLC cut its stake in QuinStreet, Inc. (NASDAQ:QNST) by 80.2% in the third quarter, according to the company in its most recent filing 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 quarter. Roubaix Capital LLC’s holdings in QuinStreet were worth $491,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Louisiana State Employees Retirement System increased its stake in QuinStreet by 2.3% in the second quarter. Louisiana State Employees Retirement System now owns 26,400 shares of the technology company’s stock valued at $438,000 after purchasing an additional 600 shares in the last quarter. State of Alaska Department of Revenue lifted its holdings in QuinStreet by 2.3% during the third quarter. State of Alaska Department of Revenue now owns 31,544 shares of the technology company’s stock worth $603,000 after acquiring an additional 712 shares in the last quarter. The Manufacturers Life Insurance Company grew its stake in QuinStreet by 3.6% in the second quarter. The Manufacturers Life Insurance Company now owns 20,539 shares of the technology company’s stock valued at $341,000 after acquiring an additional 719 shares during the period. PEAK6 Investments LLC increased its holdings in shares of QuinStreet by 3.4% in the first quarter. PEAK6 Investments LLC now owns 25,680 shares of the technology company’s stock worth $454,000 after acquiring an additional 843 shares in the last quarter. Finally, Texas Permanent School Fund Corp raised its position in shares of QuinStreet by 1.9% during the first quarter. Texas Permanent School Fund Corp now owns 45,638 shares of the technology company’s stock worth $806,000 after purchasing an additional 847 shares during the period. 97.83% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts recently issued reports on QNST shares. B. Riley increased their target price on QuinStreet from $21.50 to $24.00 and gave the stock a “buy” rating in a research note on Friday, August 9th. Barrington Research reissued an “outperform” rating and set a $22.00 price objective on shares of QuinStreet in a research report on Friday, August 9th. Craig Hallum boosted their price objective on shares of QuinStreet from $22.00 to $25.00 and gave the company a “buy” rating in a research report on Friday, August 9th. Finally, StockNews.com upgraded QuinStreet from a “sell” rating to a “hold” rating in a report on Thursday, October 17th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $22.25.

QuinStreet Stock Up 11.3 %

Shares of QNST stock opened at $21.43 on Thursday. QuinStreet, Inc. has a 12 month low of $10.22 and a 12 month high of $21.75. The company’s fifty day simple moving average is $19.08 and its 200-day simple moving average is $18.00. The firm has a market cap of $1.18 billion, a PE ratio of -13.74 and a beta of 1.11.

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