Charles Schwab Investment Management Inc. Raises Stake in QuinStreet, Inc. (NASDAQ:QNST)

Charles Schwab Investment Management Inc. lifted its stake in shares of QuinStreet, Inc. (NASDAQ:QNST - Free Report) by 2.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 509,949 shares of the technology company's stock after buying an additional 14,411 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.91% of QuinStreet worth $11,765,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. 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 valued at $42,724,000 after acquiring 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 valued at $38,068,000 after purchasing an additional 41,538 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of QuinStreet by 3.0% in the 3rd quarter. Geode Capital Management LLC now owns 1,270,766 shares of the technology company's stock valued at $24,315,000 after purchasing an additional 36,963 shares during the period. Portolan Capital Management LLC grew its stake in 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 buying an additional 70,408 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its position in QuinStreet by 39.7% during the third quarter. JPMorgan Chase & Co. now owns 449,589 shares of the technology company's stock worth $8,601,000 after buying an additional 127,689 shares during the period. Institutional investors and hedge funds own 97.83% of the company's stock.

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Insiders Place Their Bets

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

Analyst Ratings Changes

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

QuinStreet Price Performance

NASDAQ QNST traded up $0.10 on Tuesday, hitting $19.35. 430,028 shares of the company's stock were exchanged, compared to its average volume of 429,179. The firm's 50-day moving average price is $21.07 and its two-hundred day moving average price is $20.97. The firm has a market cap of $1.09 billion, a price-to-earnings ratio of -87.95 and a beta of 1.13. QuinStreet, Inc. has a fifty-two week low of $15.20 and a fifty-two week high of $26.27.

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 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, research analysts predict that QuinStreet, Inc. will post 0.12 earnings per share for the current fiscal year.

QuinStreet Company 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.