24,922 Shares in QuinStreet, Inc. (NASDAQ:QNST) Acquired by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. acquired a new position in QuinStreet, Inc. (NASDAQ:QNST - Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 24,922 shares of the technology company's stock, valued at approximately $477,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Louisiana State Employees Retirement System grew its position in QuinStreet by 2.3% during the 2nd quarter. Louisiana State Employees Retirement System now owns 26,400 shares of the technology company's stock worth $438,000 after purchasing an additional 600 shares during the period. State of Alaska Department of Revenue grew its holdings in QuinStreet by 2.3% during the third quarter. State of Alaska Department of Revenue now owns 31,544 shares of the technology company's stock worth $603,000 after acquiring an additional 712 shares during the period. The Manufacturers Life Insurance Company raised its position in QuinStreet by 3.6% during the second quarter. The Manufacturers Life Insurance Company now owns 20,539 shares of the technology company's stock valued at $341,000 after acquiring an additional 719 shares in the last quarter. US Bancorp DE lifted its holdings 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 acquiring an additional 1,250 shares during the period. Finally, Rhumbline Advisers boosted its position in QuinStreet by 1.1% in the 2nd quarter. Rhumbline Advisers now owns 156,530 shares of the technology company's stock worth $2,597,000 after purchasing an additional 1,652 shares in the last quarter. Institutional investors and hedge funds own 97.83% of the company's stock.

Insider Buying and Selling at QuinStreet

In other news, Director Stuart Huizinga sold 7,020 shares of the stock in a transaction on Monday, November 25th. The stock was 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 approximately $4,059,498.63. This represents a 3.86 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Matthew Glickman sold 30,000 shares of the business's stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $22.63, for a total transaction of $678,900.00. Following the completion of the sale, the director now owns 113,140 shares in the company, valued at approximately $2,560,358.20. This trade represents a 20.96 % 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.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on QNST shares. B. Riley lifted their target price on shares of QuinStreet from $24.00 to $32.00 and gave the company a "buy" rating in a report on Tuesday, November 5th. StockNews.com raised shares of QuinStreet from a "sell" rating to a "hold" rating in a report on Wednesday, November 20th. Craig Hallum raised their target price on QuinStreet from $25.00 to $32.00 and gave the company a "buy" rating in a research report on Tuesday, November 5th. Barrington Research lifted their price target on QuinStreet from $22.00 to $29.00 and gave the company an "outperform" rating in a research note on Tuesday, November 5th. Finally, Lake Street Capital increased their price target on QuinStreet from $20.00 to $25.00 and gave the stock a "hold" rating in a research report on Tuesday, November 5th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, QuinStreet has a consensus rating of "Moderate Buy" and an average target price of $29.00.

QuinStreet Price Performance

QNST stock remained flat at $22.78 during trading on Friday. The company had a trading volume of 200,953 shares, compared to its average volume of 413,799. QuinStreet, Inc. has a 12 month low of $11.22 and a 12 month high of $26.27. The business's fifty day moving average price is $20.31 and its 200-day moving average price is $18.63. The stock has a market cap of $1.28 billion, a PE ratio of -56.95 and a beta of 1.09.

QuinStreet (NASDAQ:QNST - Get Free Report) last announced its quarterly earnings data on Monday, November 4th. The technology company reported $0.22 EPS for the quarter, topping analysts' consensus estimates of $0.15 by $0.07. QuinStreet had a negative return on equity of 8.79% and a negative net margin of 2.88%. The firm had revenue of $279.22 million for the quarter, compared to the consensus estimate of $222.68 million. During the same quarter last year, the business posted ($0.19) earnings per share. The firm's revenue was up 125.3% compared to the same quarter last year. As a group, equities analysts anticipate that QuinStreet, Inc. will post 0.15 earnings per share for the current fiscal year.

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.