Integrated Quantitative Investments LLC Takes $383,000 Position in QuinStreet, Inc. (NASDAQ:QNST)

Integrated Quantitative Investments LLC bought a new stake in QuinStreet, Inc. (NASDAQ:QNST - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 16,600 shares of the technology company's stock, valued at approximately $383,000.

A number of other hedge funds have also recently modified their holdings of the stock. Quantbot Technologies LP acquired a new position in QuinStreet in the third quarter valued at $29,000. Arcadia Investment Management Corp MI purchased a new position in QuinStreet during the 4th quarter worth approximately $38,000. KBC Group NV increased its position in QuinStreet by 64.5% during the fourth quarter. KBC Group NV now owns 3,562 shares of the technology company's stock worth $82,000 after buying an additional 1,396 shares during the period. PNC Financial Services Group Inc. lifted its stake 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 valued at $88,000 after buying an additional 1,162 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC acquired a new stake in shares of QuinStreet in the fourth quarter valued at approximately $112,000. 97.83% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have issued reports on QNST. Barrington Research restated an "outperform" rating and issued a $29.00 price objective on shares of QuinStreet in a research note on Wednesday, March 26th. Lake Street Capital raised their target price on QuinStreet from $25.00 to $27.00 and gave the company a "hold" rating in a report on Friday, February 7th. B. Riley reaffirmed a "buy" rating and issued a $34.00 target price (up from $32.00) on shares of QuinStreet in a report on Friday, February 7th. Finally, StockNews.com raised 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 assigned a buy rating to the stock. According to data from MarketBeat.com, QuinStreet has an average rating of "Moderate Buy" and a consensus target price of $29.80.

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Insider Buying and Selling

In other news, CEO Douglas Valenti sold 10,000 shares of the business's stock in a transaction 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 completion of the sale, the chief executive officer now directly owns 1,836,754 shares of the company's stock, valued at $45,955,585.08. The trade was a 0.54 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Gregory Wong sold 8,516 shares of the stock in a transaction 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 completion of the transaction, the chief financial officer now directly owns 337,031 shares in the company, valued at $7,711,269.28. This trade represents a 2.46 % 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.

QuinStreet Stock Down 4.9 %

Shares of QNST stock traded down $0.79 during mid-day trading on Thursday, hitting $15.18. 252,899 shares of the company's stock were exchanged, compared to its average volume of 557,715. The stock has a market cap of $857.20 million, a price-to-earnings ratio of -69.00 and a beta of 0.91. QuinStreet, Inc. has a fifty-two week low of $14.39 and a fifty-two week high of $26.27. The stock has a 50-day simple moving average of $19.44 and a two-hundred day simple moving average of $20.71.

QuinStreet (NASDAQ:QNST - Get Free Report) last posted its quarterly 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%. As a group, analysts anticipate that QuinStreet, Inc. will post 0.12 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.