Barclays PLC lifted its position in shares of QuinStreet, Inc. (NASDAQ:QNST - Free Report) by 149.7% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 127,404 shares of the technology company's stock after buying an additional 76,389 shares during the period. Barclays PLC owned approximately 0.23% of QuinStreet worth $2,436,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors have also recently made changes to their positions in the company. US Bancorp DE raised its position in QuinStreet by 880.3% in the third quarter. US Bancorp DE now owns 1,392 shares of the technology company's stock valued at $27,000 after purchasing an additional 1,250 shares during the period. Quantbot Technologies LP purchased a new position in QuinStreet during the third quarter worth about $29,000. Quarry LP raised its stake in shares of QuinStreet by 11,330.0% in the 2nd quarter. Quarry LP now owns 2,286 shares of the technology company's stock valued at $38,000 after acquiring an additional 2,266 shares during the period. Victory Capital Management Inc. acquired a new position in shares of QuinStreet in the 2nd quarter worth approximately $175,000. Finally, Hsbc Holdings PLC boosted its position in shares of QuinStreet by 26.1% during the 2nd quarter. Hsbc Holdings PLC now owns 14,000 shares of the technology company's stock worth $225,000 after purchasing an additional 2,895 shares during the period. Hedge funds and other institutional investors own 97.83% of the company's stock.
QuinStreet Stock Performance
Shares of NASDAQ:QNST traded up $1.25 on Thursday, hitting $24.70. 837,367 shares of the company's stock were exchanged, compared to its average volume of 417,296. QuinStreet, Inc. has a 1-year low of $11.22 and a 1-year high of $26.27. The company has a market capitalization of $1.39 billion, a PE ratio of -61.75 and a beta of 1.07. The firm's 50-day moving average is $21.40 and its 200 day moving average is $19.17.
QuinStreet (NASDAQ:QNST - Get Free Report) last announced its quarterly earnings results on Monday, November 4th. The technology company reported $0.22 EPS for the quarter, beating the consensus estimate of $0.15 by $0.07. The company had revenue of $279.22 million for the quarter, compared to analyst estimates of $222.68 million. QuinStreet had a negative net margin of 2.88% and a negative return on equity of 8.79%. The firm's revenue was up 125.3% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.19) earnings per share. On average, analysts anticipate that QuinStreet, Inc. will post 0.15 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
QNST has been the subject of a number of research reports. Craig Hallum lifted their price objective on QuinStreet from $25.00 to $32.00 and gave the company a "buy" rating in a research note on Tuesday, November 5th. Stephens boosted their price target on shares of QuinStreet from $23.00 to $27.00 and gave the stock an "overweight" rating in a research note on Tuesday, November 5th. Barrington Research reissued an "outperform" rating and issued a $29.00 price objective on shares of QuinStreet in a research note on Friday, December 6th. Lake Street Capital upped their target price on shares of QuinStreet from $20.00 to $25.00 and gave the stock a "hold" rating in a research note on Tuesday, November 5th. Finally, B. Riley raised their price target on shares of QuinStreet from $24.00 to $32.00 and gave the company a "buy" rating in a research report on Tuesday, November 5th. One analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $29.00.
Get Our Latest Report on QNST
Insider Activity at QuinStreet
In other news, Director Matthew Glickman sold 30,000 shares of the stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $22.63, for a total value of $678,900.00. Following the completion of the sale, the director now directly owns 113,140 shares of the company's stock, valued at approximately $2,560,358.20. This represents a 20.96 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Stuart Huizinga sold 7,020 shares of QuinStreet stock in a transaction on Monday, November 25th. The shares were sold at an average price of $23.21, for a total transaction of $162,934.20. Following the completion of the transaction, the director now directly owns 174,903 shares in the company, valued at $4,059,498.63. The trade was a 3.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 40,000 shares of company stock valued at $910,374 in the last ninety days. Insiders own 5.00% of the company's stock.
QuinStreet Profile
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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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