First Eagle Investment Management LLC Boosts Holdings in QuinStreet, Inc. (NASDAQ:QNST)

First Eagle Investment Management LLC grew its holdings in shares of QuinStreet, Inc. (NASDAQ:QNST - Free Report) by 6.0% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 681,023 shares of the technology company's stock after acquiring an additional 38,500 shares during the period. First Eagle Investment Management LLC owned about 1.21% of QuinStreet worth $15,711,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of QNST. Swiss National Bank grew its holdings in QuinStreet by 2.4% in the fourth quarter. Swiss National Bank now owns 104,900 shares of the technology company's stock worth $2,420,000 after purchasing an additional 2,500 shares during the period. Amundi grew its holdings in QuinStreet by 174.5% in the fourth quarter. Amundi now owns 26,713 shares of the technology company's stock worth $594,000 after purchasing an additional 16,982 shares during the period. PNC Financial Services Group Inc. grew its holdings in QuinStreet by 43.9% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,808 shares of the technology company's stock worth $88,000 after purchasing an additional 1,162 shares during the period. Lisanti Capital Growth LLC acquired a new stake in QuinStreet in the fourth quarter worth $2,031,000. Finally, Victory Capital Management Inc. acquired a new stake in QuinStreet in the fourth quarter worth $225,000. Institutional investors own 97.83% of the company's stock.

Wall Street Analysts Forecast Growth

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

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QuinStreet Stock Down 2.4 %

QuinStreet stock traded down $0.43 during midday trading on Tuesday, hitting $17.67. 398,530 shares of the stock were exchanged, compared to its average volume of 430,669. QuinStreet, Inc. has a 52-week low of $15.20 and a 52-week high of $26.27. The stock has a market capitalization of $997.81 million, a price-to-earnings ratio of -80.32 and a beta of 1.13. The business's 50-day moving average price is $21.42 and its 200-day moving average price is $20.99.

QuinStreet (NASDAQ:QNST - Get Free Report) last released its quarterly earnings results on Thursday, February 6th. The technology company reported ($0.03) earnings per share 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, sell-side analysts predict that QuinStreet, Inc. will post 0.12 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Douglas Valenti sold 10,000 shares of the company's stock in a transaction that occurred on 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 directly owns 1,836,754 shares in the company, valued at approximately $45,955,585.08. This represents a 0.54 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Gregory Wong sold 8,516 shares of the company's 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 sale, the chief financial officer now owns 337,031 shares in the company, valued at $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. 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.