Fmr LLC Grows Holdings in QuinStreet, Inc. (NASDAQ:QNST)

FMR LLC lifted its position in shares of QuinStreet, Inc. (NASDAQ:QNST - Free Report) by 5.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,233,345 shares of the technology company's stock after buying an additional 109,892 shares during the quarter. FMR LLC owned about 3.97% of QuinStreet worth $42,724,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of QNST. Price T Rowe Associates Inc. MD increased its position in shares of QuinStreet by 12.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 15,188 shares of the technology company's stock worth $269,000 after buying an additional 1,694 shares during the period. Assenagon Asset Management S.A. boosted its stake in QuinStreet by 3.9% during the second quarter. Assenagon Asset Management S.A. now owns 183,250 shares of the technology company's stock worth $3,040,000 after acquiring an additional 6,853 shares in the last quarter. Louisiana State Employees Retirement System boosted its stake in QuinStreet by 2.3% during the second quarter. Louisiana State Employees Retirement System now owns 26,400 shares of the technology company's stock worth $438,000 after acquiring an additional 600 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in QuinStreet by 2.5% during the second quarter. Bank of New York Mellon Corp now owns 394,775 shares of the technology company's stock worth $6,549,000 after acquiring an additional 9,537 shares in the last quarter. Finally, Rhumbline Advisers boosted its stake in QuinStreet by 1.1% during the second quarter. Rhumbline Advisers now owns 156,530 shares of the technology company's stock worth $2,597,000 after acquiring an additional 1,652 shares in the last quarter. 97.83% of the stock is currently owned by institutional investors and hedge funds.

QuinStreet Trading Down 0.2 %

Shares of QNST stock traded down $0.05 during trading hours on Friday, reaching $22.14. The stock had a trading volume of 327,922 shares, compared to its average volume of 433,964. The stock's fifty day simple moving average is $20.62 and its 200 day simple moving average is $18.78. The firm has a market capitalization of $1.25 billion, a PE ratio of -55.35 and a beta of 1.07. QuinStreet, Inc. has a 12 month low of $11.22 and a 12 month high of $26.27.

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

Analysts Set New Price Targets

Several brokerages recently issued reports on QNST. B. Riley increased their target price on shares of QuinStreet from $24.00 to $32.00 and gave the stock a "buy" rating in a research note on Tuesday, November 5th. Stephens raised their price objective on shares of QuinStreet from $23.00 to $27.00 and gave the company an "overweight" rating in a research note on Tuesday, November 5th. Lake Street Capital raised their price target on shares of QuinStreet from $20.00 to $25.00 and gave the company a "hold" rating in a research report on Tuesday, November 5th. StockNews.com raised shares of QuinStreet from a "sell" rating to a "hold" rating in a research report on Monday, December 2nd. Finally, Craig Hallum raised their price objective on shares of QuinStreet from $25.00 to $32.00 and gave the stock a "buy" rating in a report on Tuesday, November 5th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, QuinStreet presently has a consensus rating of "Moderate Buy" and a consensus target price of $29.00.

Insider Buying and Selling

In other QuinStreet news, Director Stuart Huizinga sold 2,980 shares of the company's stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $23.00, for a total transaction of $68,540.00. Following the transaction, the director now owns 171,923 shares in the company, valued at approximately $3,954,229. This represents a 1.70 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Matthew Glickman sold 30,000 shares of the company'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 transaction, the director now owns 113,140 shares in the company, valued at $2,560,358.20. This represents a 20.96 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 40,000 shares of company stock worth $910,374 in the last quarter. Corporate insiders own 5.00% of the company's stock.

QuinStreet 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.