Fox Run Management L.L.C. Acquires 20,316 Shares of QuinStreet, Inc. (NASDAQ:QNST)

Fox Run Management L.L.C. boosted its stake in QuinStreet, Inc. (NASDAQ:QNST - Free Report) by 122.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 36,875 shares of the technology company's stock after purchasing an additional 20,316 shares during the quarter. Fox Run Management L.L.C. owned approximately 0.07% of QuinStreet worth $851,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Quest Partners LLC purchased a new stake in shares of QuinStreet in the third quarter worth about $291,000. Connor Clark & Lunn Investment Management Ltd. bought a new stake in QuinStreet during the 3rd quarter worth approximately $477,000. Intech Investment Management LLC increased its holdings in QuinStreet by 184.9% during the 3rd quarter. Intech Investment Management LLC now owns 46,183 shares of the technology company's stock worth $883,000 after acquiring an additional 29,973 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in QuinStreet by 8.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 495,538 shares of the technology company's stock worth $9,480,000 after purchasing an additional 40,236 shares in the last quarter. Finally, FMR LLC boosted its holdings in QuinStreet by 5.2% in the 3rd quarter. FMR LLC now owns 2,233,345 shares of the technology company's stock valued at $42,724,000 after purchasing an additional 109,892 shares during the period. Institutional investors own 97.83% of the company's stock.

Insider Activity

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

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Wall Street Analysts Forecast Growth

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

QuinStreet Stock Performance

QNST traded up $0.10 during midday trading on Tuesday, hitting $19.35. The stock had a trading volume of 430,028 shares, compared to its average volume of 429,869. The company has a market cap of $1.09 billion, a P/E ratio of -87.95 and a beta of 1.13. QuinStreet, Inc. has a 1 year low of $15.20 and a 1 year high of $26.27. The business has a fifty day moving average of $21.07 and a 200 day moving average of $20.97.

QuinStreet (NASDAQ:QNST - Get Free Report) last released its earnings results on Thursday, February 6th. The technology company reported ($0.03) EPS for the quarter, missing the consensus estimate of $0.18 by ($0.21). QuinStreet had a negative net margin of 1.31% and a negative return on equity of 4.13%. On average, equities research analysts anticipate that QuinStreet, Inc. will post 0.12 earnings per share for the current year.

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.