QuinStreet, Inc. (NASDAQ:QNST) Shares Acquired by Amundi

Amundi grew its holdings in QuinStreet, Inc. (NASDAQ:QNST - Free Report) by 174.5% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 26,713 shares of the technology company's stock after buying an additional 16,982 shares during the period. Amundi's holdings in QuinStreet were worth $594,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in QNST. FMR LLC lifted its position in QuinStreet by 5.2% in the third quarter. FMR LLC now owns 2,233,345 shares of the technology company's stock worth $42,724,000 after buying an additional 109,892 shares during the last quarter. State Street Corp lifted its holdings in shares of QuinStreet by 2.1% in the 3rd quarter. State Street Corp now owns 1,989,976 shares of the technology company's stock worth $38,068,000 after acquiring an additional 41,538 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of QuinStreet by 3.0% during the 3rd quarter. Geode Capital Management LLC now owns 1,270,766 shares of the technology company's stock worth $24,315,000 after purchasing an additional 36,963 shares during the period. Portolan Capital Management LLC boosted its stake in shares of QuinStreet by 9.6% during the 3rd quarter. Portolan Capital Management LLC now owns 801,693 shares of the technology company's stock worth $15,336,000 after purchasing an additional 70,408 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its holdings in QuinStreet by 2.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 509,949 shares of the technology company's stock valued at $11,765,000 after purchasing an additional 14,411 shares during the last quarter. 97.83% of the stock is currently owned by institutional investors.

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QuinStreet Stock Performance

QuinStreet stock traded up $0.67 during midday trading on Monday, hitting $19.25. 374,199 shares of the company's stock were exchanged, compared to its average volume of 429,214. QuinStreet, Inc. has a 12 month low of $15.20 and a 12 month high of $26.27. The company has a market cap of $1.09 billion, a PE ratio of -87.50 and a beta of 1.13. The firm has a 50-day moving average of $21.11 and a two-hundred day moving average of $20.97.

QuinStreet (NASDAQ:QNST - Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The technology company reported ($0.03) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.18 by ($0.21). QuinStreet had a negative net margin of 1.31% and a negative return on equity of 4.13%. As a group, equities analysts expect that QuinStreet, Inc. will post 0.12 earnings per share for the current year.

Wall Street Analyst Weigh In

QNST has been the subject of several recent analyst reports. B. Riley restated a "buy" rating and set a $34.00 target price (up previously from $32.00) on shares of QuinStreet in a research report on Friday, February 7th. StockNews.com upgraded QuinStreet from a "sell" rating to a "hold" rating in a report on Monday, February 10th. Barrington Research reiterated an "outperform" rating and issued a $29.00 target price on shares of QuinStreet in a research note on Friday, February 7th. Finally, Lake Street Capital lifted their target price on QuinStreet from $25.00 to $27.00 and gave the stock a "hold" rating in a research report on Friday, February 7th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat, QuinStreet has an average rating of "Moderate Buy" and an average price target of $29.80.

Insider Activity

In other QuinStreet news, 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 transaction, the chief executive officer now owns 1,836,754 shares in the company, valued at $45,955,585.08. The trade was a 0.54 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Gregory Wong sold 8,516 shares of the stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $22.88, for a total transaction 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 disclosure for this sale can be found here. Company insiders own 5.00% of the company's stock.

About QuinStreet

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.