Power Corp of Canada continued to hold its stake in QuinStreet Inc. (NASDAQ:QNST) during the second quarter, Holdings Channel reports. The firm owned 543,293 shares of the company’s stock at the end of the second quarter. QuinStreet accounts for approximately 100.0% of Power Corp of Canada’s investment portfolio, making the stock its largest position. Power Corp of Canada owned 1.20% of QuinStreet worth $1,929,000 at the end of the most recent quarter.
Several other large investors also recently bought and sold shares of QNST. Harvest Capital Strategies LLC bought a new stake in QuinStreet during the first quarter valued at about $145,000. AXA raised its stake in QuinStreet by 484.2% in the first quarter. AXA now owns 91,138 shares of the company’s stock valued at $312,000 after buying an additional 75,538 shares during the last quarter. Jacobs Levy Equity Management Inc. raised its stake in shares of QuinStreet by 460.4% in the first quarter. Jacobs Levy Equity Management Inc. now owns 121,043 shares of the company’s stock worth $414,000 after buying an additional 99,443 shares in the last quarter. Spark Investment Management LLC raised its stake in shares of QuinStreet by 62.1% in the first quarter. Spark Investment Management LLC now owns 183,200 shares of the company’s stock worth $626,000 after buying an additional 70,200 shares in the last quarter. Finally, Panagora Asset Management Inc. raised its stake in shares of QuinStreet by 24.0% in the first quarter. Panagora Asset Management Inc. now owns 317,754 shares of the company’s stock worth $1,087,000 after buying an additional 61,423 shares in the last quarter. 62.77% of the stock is owned by institutional investors and hedge funds.
Shares of QuinStreet Inc. (NASDAQ:QNST) traded down 3.13% during midday trading on Tuesday, hitting $3.09. The company had a trading volume of 69,209 shares. QuinStreet Inc. has a 12 month low of $2.65 and a 12 month high of $6.30. The company’s market capitalization is $141.37 million. The company has a 50-day moving average of $3.26 and a 200-day moving average of $3.39.
QuinStreet (NASDAQ:QNST) last released its quarterly earnings results on Tuesday, August 9th. The company reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates of $0.06 by $0.04. The business earned $79.10 million during the quarter, compared to analyst estimates of $82.41 million. QuinStreet had a negative return on equity of 7.28% and a negative net margin of 6.02%. The business’s revenue for the quarter was up 11.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.01 EPS. Analysts predict that QuinStreet Inc. will post $0.23 earnings per share for the current year.
In related news, SVP Martin J. Collins sold 17,983 shares of the company’s stock in a transaction dated Wednesday, August 24th. The stock was sold at an average price of $3.12, for a total value of $56,106.96. Following the completion of the transaction, the senior vice president now owns 92,251 shares of the company’s stock, valued at approximately $287,823.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 24.30% of the stock is owned by corporate insiders.
QuinStreet Company Profile
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 Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for QuinStreet Inc. and related companies with MarketBeat.com's FREE daily email newsletter.