State of Tennessee Treasury Department lifted its holdings in shares of QuinStreet, Inc. (NASDAQ:QNST – Get Rating) by 10.2% in the first quarter, HoldingsChannel.com reports. The fund owned 30,568 shares of the technology company's stock after acquiring an additional 2,822 shares during the period. State of Tennessee Treasury Department's holdings in QuinStreet were worth $355,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds also recently modified their holdings of QNST. Covestor Ltd purchased a new stake in shares of QuinStreet in the fourth quarter worth about $40,000. Lazard Asset Management LLC raised its stake in QuinStreet by 97.2% in the fourth quarter. Lazard Asset Management LLC now owns 4,014 shares of the technology company's stock valued at $73,000 after purchasing an additional 1,978 shares in the last quarter. Teacher Retirement System of Texas purchased a new stake in QuinStreet in the fourth quarter valued at approximately $183,000. ProShare Advisors LLC purchased a new stake in QuinStreet in the fourth quarter valued at approximately $227,000. Finally, Inspire Investing LLC purchased a new stake in QuinStreet in the first quarter valued at approximately $271,000. 90.62% of the stock is owned by hedge funds and other institutional investors.
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Shares of NASDAQ QNST opened at $11.70 on Monday. QuinStreet, Inc. has a one year low of $8.28 and a one year high of $19.02. The firm's 50 day simple moving average is $11.32 and its two-hundred day simple moving average is $11.03. The stock has a market capitalization of $624.58 million, a P/E ratio of -129.99 and a beta of 1.02.
Analyst Ratings Changes
A number of equities research analysts recently weighed in on the stock. TheStreet downgraded shares of QuinStreet from a "c" rating to a "d+" rating in a research note on Thursday, August 4th. StockNews.com raised shares of QuinStreet from a "sell" rating to a "hold" rating in a research note on Wednesday, August 31st. Two investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $13.50.QuinStreet Profile
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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 to its clients in the form of qualified clicks, leads, calls, applications, or customers through its websites or third-party publishers.
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