A stock that deserves closer examination: QuinStreet Inc (QNST)

While QuinStreet Inc has underperformed by -0.26%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, QNST fell by -23.81%, with highs and lows ranging from $18.18 to $6.79, whereas the simple moving average jumped by 13.35% in the last 200 days.

On November 30, 2023, B. Riley Securities Upgraded QuinStreet Inc (NASDAQ: QNST) to Buy.

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Analysis of QuinStreet Inc (QNST)

Further, the quarter-over-quarter decrease in sales is -13.70%, showing a negative trend in the upcoming months.

There are several well-rounded types of analysis and research techniques that can be used to gain a clear view of QuinStreet Inc’s future performance, with equity being one of the most critical indicators. The goal here is to ensure that your current return on equity of -29.63% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 1.59, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.

As an indicator of volatility for any stock, average volume can also be very valuable, and QNST is recording an average volume of 436.65K. On a monthly basis, the volatility of the stock is set at 3.57%, whereas on a weekly basis, it is put at 4.12%, with a loss of -3.80% over the past seven days. Furthermore, long-term investors anticipate a median target price of $13.88, showing growth from the present price of $11.65, which can serve as yet another indication of whether QNST is worth investing in or should be passed over.

How Do You Analyze QuinStreet Inc Shares?

Apart from looking at the fundamentals, you should also pay attention to the number of company employees who own shares. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 9.59%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 90.56% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.

Are institutional investors increasing their holdings in QNST shares?

The recent increase in stakes in QNST appears to be a result of several institutional investors and hedge funds increasing their positions. BlackRock Fund Advisors’s position in QNST has increased by 0.13% in the first quarter. The company now owns 7,671,972 shares of the stock, with a value of $98.35 million, following the purchase of 10,235 additional shares during the last quarter. Thrivent Asset Management LLC made another increased to its shares in QNST during the first quarter, upping its stake by 2.29%. During the last quarter, the company dropped down 121,706 additional shares for a total stake of worth $69.59 million, bringing number of shares owned by the company to 5,428,113.

During the first quarter, Private Capital Management LLC subtracted a -59,203 position in QNST. The Vanguard Group, Inc. purchased an additional 40550.0 shares in the last quarter, increasing its holdings by 1.17%, now holding 3.5 million shares worth $44.85 million. At the end of the first quarter, William Blair Investment Manageme increased its QNST holdings by 2.48% and now holds 3.07 million QNST shares valued at $39.39 million with the added 74239.0 shares during the period. QNST shares are owned by institutional investors to the tune of 90.56% at present.

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