American Century Companies Inc. Boosts Holdings in QuinStreet, Inc. (NASDAQ:QNST)

American Century Companies Inc. raised its stake in shares of QuinStreet, Inc. (NASDAQ:QNST - Free Report) by 9.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,228,568 shares of the technology company's stock after purchasing an additional 201,052 shares during the quarter. American Century Companies Inc. owned approximately 3.96% of QuinStreet worth $51,413,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. SVB Wealth LLC bought a new stake in shares of QuinStreet during the 4th quarter valued at about $3,508,000. JPMorgan Chase & Co. boosted its position in QuinStreet by 39.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 449,589 shares of the technology company's stock valued at $8,601,000 after acquiring an additional 127,689 shares in the last quarter. FMR LLC boosted its position in QuinStreet by 5.2% during the 3rd quarter. FMR LLC now owns 2,233,345 shares of the technology company's stock valued at $42,724,000 after acquiring an additional 109,892 shares in the last quarter. Lisanti Capital Growth LLC purchased a new position in shares of QuinStreet during the 4th quarter worth approximately $2,031,000. Finally, Barclays PLC raised its position in shares of QuinStreet by 149.7% in the 3rd quarter. Barclays PLC now owns 127,404 shares of the technology company's stock worth $2,436,000 after acquiring an additional 76,389 shares in the last quarter. 97.83% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms recently weighed in on QNST. StockNews.com upgraded QuinStreet from a "sell" rating to a "hold" rating in a research report on Monday, February 10th. B. Riley restated a "buy" rating and set a $34.00 target price (up previously from $32.00) on shares of QuinStreet in a report on Friday, February 7th. Barrington Research reiterated an "outperform" rating and issued a $29.00 price target on shares of QuinStreet in a research note on Wednesday. Finally, Lake Street Capital boosted their price objective on shares of QuinStreet from $25.00 to $27.00 and gave the stock a "hold" rating in a research note on Friday, February 7th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, QuinStreet currently has an average rating of "Moderate Buy" and an average target price of $29.80.

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QuinStreet Price Performance

QuinStreet stock traded down $0.76 during mid-day trading on Friday, reaching $17.92. The stock had a trading volume of 309,864 shares, compared to its average volume of 447,688. QuinStreet, Inc. has a one year low of $15.20 and a one year high of $26.27. The company has a 50-day moving average price of $20.80 and a two-hundred day moving average price of $20.96. The company has a market capitalization of $1.01 billion, a price-to-earnings ratio of -81.45 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) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.21). QuinStreet had a negative return on equity of 4.13% and a negative net margin of 1.31%. On average, equities research analysts anticipate that QuinStreet, Inc. will post 0.12 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Douglas Valenti sold 10,000 shares of the firm's stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $25.02, for a total transaction of $250,200.00. Following the sale, the chief executive officer now owns 1,836,754 shares of the company's stock, valued at $45,955,585.08. This trade represents a 0.54 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Gregory Wong sold 8,516 shares of the stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $22.88, for a total transaction of $194,846.08. Following the transaction, the chief financial officer now owns 337,031 shares in the company, valued at approximately $7,711,269.28. This trade represents a 2.46 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 5.00% of the company's stock.

QuinStreet Profile

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.