Hillsdale Investment Management Inc. Has $4.36 Million Holdings in QuinStreet, Inc. (NASDAQ:QNST)

Hillsdale Investment Management Inc. lessened its stake in QuinStreet, Inc. (NASDAQ:QNST - Free Report) by 11.7% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 188,770 shares of the technology company's stock after selling 24,900 shares during the quarter. Hillsdale Investment Management Inc. owned 0.34% of QuinStreet worth $4,355,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Quantbot Technologies LP bought a new stake in QuinStreet in the 3rd quarter valued at approximately $29,000. Arcadia Investment Management Corp MI acquired a new stake in shares of QuinStreet in the fourth quarter valued at approximately $38,000. KBC Group NV lifted its position in shares of QuinStreet by 64.5% in the fourth quarter. KBC Group NV now owns 3,562 shares of the technology company's stock worth $82,000 after purchasing an additional 1,396 shares in the last quarter. PNC Financial Services Group Inc. boosted its holdings in QuinStreet by 43.9% during 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 last quarter. Finally, Steward Partners Investment Advisory LLC bought a new position in QuinStreet in the fourth quarter valued at $112,000. Institutional investors own 97.83% of the company's stock.

Analysts Set New Price Targets

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

Remove Ads

Insider Buying and Selling at QuinStreet

In related news, CFO Gregory Wong sold 8,516 shares of the company's stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $22.88, for a total value of $194,846.08. Following the transaction, the chief financial officer now owns 337,031 shares in the company, valued at approximately $7,711,269.28. This represents a 2.46 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Douglas Valenti sold 10,000 shares of the stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $25.02, for a total transaction of $250,200.00. Following the completion of the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 5.00% of the company's stock.

QuinStreet Stock Performance

QuinStreet stock traded up $0.13 during midday trading on Tuesday, reaching $19.38. 313,051 shares of the company's stock were exchanged, compared to its average volume of 429,179. The stock's 50-day simple moving average is $21.07 and its 200 day simple moving average is $20.97. The firm has a market cap of $1.09 billion, a price-to-earnings ratio of -88.09 and a beta of 1.13. QuinStreet, Inc. has a 52 week low of $15.20 and a 52 week high of $26.27.

QuinStreet (NASDAQ:QNST - Get Free Report) last issued 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 return on equity of 4.13% and a negative net margin of 1.31%. Research analysts forecast that QuinStreet, Inc. will post 0.12 earnings per share for the current 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.