During August, there was a significant decrease in the number of short positions held in QuinStreet, Inc. (NASDAQ: QNST). Compared to the previous figure of 2,520,000 shares borrowed as of July 31st, the number of shares borrowed as of August 15th was 1,840,000, a decline of 27.0% from the previous figure. The total value of the company’s shares that have been sold short amounts to 4% of the total value. 5.9 days is the current short-interest ratio, which can be obtained from the average daily volume of shorted shares is 311,700.
This ratio is derived from the fact that short interest is currently high. The popularity of Quinstreet Stock is growing again. Research experts in large numbers have taken note of the company in question. Bloomberg’s earlier rating for QuinStreet’s shares, “hold,” was altered to a recommendation of “sell,” which was included in a report released on Tuesday. The research analysts have given the common stock of the firm a unanimous recommendation to buy, as well as three separate offers to buy the stock, one suggestion to hold the stock, and one proposal to sell the stock.
The information that MarketBeat gave indicates that the firm currently has an average rating of “Hold,” and the consensus price target has been set at $13.50. During the most recent period, various institutional investors were active buyers and sellers of QNST shares, including hedge funds and others. Advisor Group Holdings Inc. increased its holdings of QuinStreet shares by 17.3 percent in the fourth quarter of 2018. Advisor Group Holdings Inc. currently owns 52,280 technology company stock shares. The total value of these shares is $951,000. This is a direct outcome of purchasing an additional 7,710 shares during the quarter before the current one. Covestor Ltd. invested about $40,000 over the last three months of 2018 to acquire a new investment in QuinStreet.
Rubric Capital Management LP made a new investment in QuinStreet over the previous three months of 2018, which was about $20,155,000. The Impax Asset Management Group plc boosted the proportion of QuinStreet shares it owned by 24.3% over the final three months of 2018. Following the acquisition of an additional 175,000 shares over the period covered by the report, Impax Asset Management Group plc currently possesses 896,390 shares of the company operating in the technology industry. The current value of these shares on the market is equal to $16,305,000. Not to mention that during the first three months of 2018, Full18 Capital LLC increased its stake in QuinStreet by 58.2 percent.
Full18 Capital LLC now owns 133,141 shares of the technology firm’s common stock after purchasing 48,991 shares during the most recent quarter. The total value of these 133,141 shares is estimated to be USD 1,890,000. Institutional investors own the company’s stock to 91.02% of the total. On Friday, the QNST stock was first offered for trading for $12.35. The company currently has a price-to-earnings ratio of -137.21, a beta value of 1.02, and a market capitalization of $676.87 million. Within the last year, the price on QuinStreet that was the lowest was $8.28, and the price that was the highest was $19.02.
The company’s moving average price for the previous 200 days is 11.02 dollars, and the moving average price over the last 50 days is 11.23 dollars. Customers not only in the United States but also in other countries all over the world can take advantage of the client acquisition services provided by QuinStreet, Inc. This company specializes in online performance marketing and offers its offerings online. The company provides qualified clicks, leads, phone calls, and applications to its customers by utilizing its websites and third-party publishers. Additionally, the company offers its customers a consumer.
