SVB Wealth LLC bought a new stake in shares of QuinStreet, Inc. (NASDAQ:QNST - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 152,071 shares of the technology company's stock, valued at approximately $3,508,000. SVB Wealth LLC owned 0.27% of QuinStreet at the end of the most recent reporting period.
Other institutional investors also recently bought and sold shares of the company. US Bancorp DE boosted its holdings in QuinStreet by 880.3% during the 3rd quarter. US Bancorp DE now owns 1,392 shares of the technology company's stock valued at $27,000 after acquiring an additional 1,250 shares during the period. Quantbot Technologies LP purchased a new stake in QuinStreet in the 3rd quarter worth approximately $29,000. Arcadia Investment Management Corp MI purchased a new stake in QuinStreet in the 4th quarter worth approximately $38,000. KBC Group NV lifted its holdings in QuinStreet by 64.5% in the 4th quarter. KBC Group NV now owns 3,562 shares of the technology company's stock worth $82,000 after buying an additional 1,396 shares during the period. Finally, Quarry LP lifted its holdings in QuinStreet by 279.7% in the 3rd quarter. Quarry LP now owns 8,681 shares of the technology company's stock worth $166,000 after buying an additional 6,395 shares during the period. 97.83% of the stock is currently owned by hedge funds and other institutional investors.
QuinStreet Trading Down 0.6 %
QNST traded down $0.11 during trading on Wednesday, hitting $18.61. 535,008 shares of the company's stock traded hands, compared to its average volume of 422,662. The company's 50 day simple moving average is $22.35 and its two-hundred day simple moving average is $21.00. QuinStreet, Inc. has a 12-month low of $14.65 and a 12-month high of $26.27. The stock has a market capitalization of $1.05 billion, a price-to-earnings ratio of -84.59 and a beta of 1.13.
QuinStreet (NASDAQ:QNST - Get Free Report) last issued its earnings results on Thursday, February 6th. The technology company reported ($0.03) EPS for the quarter, missing the consensus estimate of $0.18 by ($0.21). QuinStreet had a negative net margin of 1.31% and a negative return on equity of 4.13%. On average, equities analysts expect that QuinStreet, Inc. will post 0.12 EPS for the current year.
Insider Buying and Selling at QuinStreet
In other news, CFO Gregory Wong sold 8,516 shares of QuinStreet stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $22.88, for a total value of $194,846.08. Following the sale, the chief financial officer now directly owns 337,031 shares of the company's stock, valued at approximately $7,711,269.28. The trade was a 2.46 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Douglas Valenti sold 10,000 shares of QuinStreet stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $25.02, for a total value of $250,200.00. Following the completion of the sale, the chief executive officer now directly owns 1,836,754 shares in the company, valued at $45,955,585.08. This trade represents a 0.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 5.00% of the company's stock.
Analysts Set New Price Targets
QNST has been the subject of several research analyst reports. B. Riley reiterated a "buy" rating and issued a $34.00 price objective (up previously from $32.00) on shares of QuinStreet in a report on Friday, February 7th. Barrington Research reissued an "outperform" rating and issued a $29.00 target price on shares of QuinStreet in a research report on Friday, February 7th. StockNews.com raised QuinStreet from a "sell" rating to a "hold" rating in a research report on Monday, February 10th. Craig Hallum increased their target price on QuinStreet from $25.00 to $32.00 and gave the stock a "buy" rating in a research report on Tuesday, November 5th. Finally, Stephens increased their target price on QuinStreet from $23.00 to $27.00 and gave the stock an "overweight" rating in a research report on Tuesday, November 5th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $29.80.
Read Our Latest Stock Report on QuinStreet
QuinStreet Company Profile
(
Free Report)
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.
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