Legato Capital Management LLC Invests $456,000 in QuinStreet, Inc. (NASDAQ:QNST)

Legato Capital Management LLC purchased a new stake in QuinStreet, Inc. (NASDAQ:QNST - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 19,785 shares of the technology company's stock, valued at approximately $456,000.

A number of other large investors also recently bought and sold shares of the stock. The Manufacturers Life Insurance Company raised its stake in shares of QuinStreet by 3.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 20,539 shares of the technology company's stock worth $341,000 after buying an additional 719 shares during the period. Everence Capital Management Inc. acquired a new position in shares of QuinStreet during the 3rd quarter worth approximately $303,000. Riverwater Partners LLC acquired a new position in shares of QuinStreet during the 3rd quarter worth approximately $289,000. State of Alaska Department of Revenue raised its stake in shares of QuinStreet by 2.3% during the 3rd quarter. State of Alaska Department of Revenue now owns 31,544 shares of the technology company's stock worth $603,000 after buying an additional 712 shares during the period. Finally, US Bancorp DE raised its stake in shares of QuinStreet by 880.3% during the 3rd quarter. US Bancorp DE now owns 1,392 shares of the technology company's stock worth $27,000 after buying an additional 1,250 shares during the period. 97.83% of the stock is owned by institutional investors and hedge funds.

QuinStreet Stock Performance

QNST stock traded up $0.39 during mid-day trading on Tuesday, reaching $23.03. The company had a trading volume of 228,337 shares, compared to its average volume of 518,087. The company has a market capitalization of $1.30 billion, a price-to-earnings ratio of -104.45 and a beta of 1.06. The firm has a fifty day simple moving average of $22.82 and a 200 day simple moving average of $20.82. QuinStreet, Inc. has a fifty-two week low of $14.14 and a fifty-two 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) earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.21). QuinStreet had a negative return on equity of 4.16% and a negative net margin of 1.31%. As a group, analysts predict that QuinStreet, Inc. will post 0.15 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Stuart Huizinga sold 2,980 shares of QuinStreet stock in a transaction on Friday, November 29th. The stock was sold at an average price of $23.00, for a total transaction of $68,540.00. Following the completion of the transaction, the director now directly owns 171,923 shares of the company's stock, valued at approximately $3,954,229. The trade was a 1.70 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Douglas Valenti sold 10,000 shares of the stock in a transaction 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 in the company, valued at approximately $45,955,585.08. The trade was a 0.54 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 20,000 shares of company stock worth $481,674 in the last quarter. 5.00% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. Barrington Research reaffirmed an "outperform" rating and set a $29.00 target price on shares of QuinStreet in a research note on Friday, February 7th. B. Riley reissued a "buy" rating and issued a $34.00 price objective (up from $32.00) on shares of QuinStreet in a research note on Friday, February 7th. Craig Hallum increased their price objective on QuinStreet from $25.00 to $32.00 and gave the company a "buy" rating in a research note on Tuesday, November 5th. Lake Street Capital increased their price objective on QuinStreet from $25.00 to $27.00 and gave the company a "hold" rating in a research note 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 equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $29.80.

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.