Lisanti Capital Growth LLC Acquires New Shares in QuinStreet, Inc. (NASDAQ:QNST)

Lisanti Capital Growth LLC bought a new stake in QuinStreet, Inc. (NASDAQ:QNST - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 88,055 shares of the technology company's stock, valued at approximately $2,031,000. Lisanti Capital Growth LLC owned about 0.16% of QuinStreet at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the business. State of Alaska Department of Revenue increased 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 valued at $603,000 after acquiring an additional 712 shares during the last quarter. US Bancorp DE grew its holdings in QuinStreet by 880.3% in the third quarter. US Bancorp DE now owns 1,392 shares of the technology company's stock valued at $27,000 after purchasing an additional 1,250 shares during the period. Quest Partners LLC acquired a new position in QuinStreet during the third quarter worth approximately $291,000. Connor Clark & Lunn Investment Management Ltd. purchased a new position in QuinStreet during the third quarter worth approximately $477,000. Finally, Intech Investment Management LLC boosted its holdings in shares of QuinStreet by 184.9% in the 3rd quarter. Intech Investment Management LLC now owns 46,183 shares of the technology company's stock valued at $883,000 after purchasing an additional 29,973 shares during the last quarter. 97.83% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on QNST. Barrington Research reaffirmed an "outperform" rating and issued a $29.00 target price on shares of QuinStreet in a research report on Friday, February 7th. StockNews.com upgraded QuinStreet from a "sell" rating to a "hold" rating in a report on Monday, February 10th. Lake Street Capital lifted 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, B. Riley reissued a "buy" rating and set a $34.00 target price (up previously from $32.00) on shares of QuinStreet in a research report on Friday, February 7th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $29.80.

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Insider Transactions at QuinStreet

In related news, CFO Gregory Wong sold 8,516 shares of the firm's stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $22.88, for a total transaction of $194,846.08. Following 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 sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, 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 sale, the chief executive officer now owns 1,836,754 shares of the company's stock, 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 own 5.00% of the company's stock.

QuinStreet Trading Up 2.2 %

NASDAQ:QNST traded up $0.37 during trading hours on Tuesday, hitting $17.37. The stock had a trading volume of 542,259 shares, compared to its average volume of 426,327. The business has a 50 day simple moving average of $21.98 and a two-hundred day simple moving average of $21.04. QuinStreet, Inc. has a 1-year low of $15.04 and a 1-year high of $26.27. The company has a market cap of $980.87 million, a PE ratio of -78.95 and a beta of 1.13.

QuinStreet (NASDAQ:QNST - Get Free Report) last issued its quarterly earnings data on Thursday, February 6th. The technology company reported ($0.03) EPS for the quarter, missing analysts' consensus estimates 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 expect that QuinStreet, Inc. will post 0.12 EPS for the current fiscal 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.