Dynamic Technology Lab Private Ltd Buys Shares of 47,491 QuinStreet, Inc. (NASDAQ:QNST)

Dynamic Technology Lab Private Ltd purchased a new stake in shares of QuinStreet, Inc. (NASDAQ:QNST - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 47,491 shares of the technology company's stock, valued at approximately $609,000. Dynamic Technology Lab Private Ltd owned 0.09% of QuinStreet at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. FMR LLC lifted its stake in shares of QuinStreet by 46.8% in the third quarter. FMR LLC now owns 1,814,168 shares of the technology company's stock valued at $16,273,000 after buying an additional 578,228 shares during the period. Impax Asset Management Group plc raised its position in QuinStreet by 16.0% in the third quarter. Impax Asset Management Group plc now owns 1,310,395 shares of the technology company's stock worth $11,754,000 after purchasing an additional 180,477 shares in the last quarter. Assenagon Asset Management S.A. raised its position in QuinStreet by 1,634.0% in the fourth quarter. Assenagon Asset Management S.A. now owns 178,531 shares of the technology company's stock worth $2,289,000 after purchasing an additional 168,235 shares in the last quarter. Nomura Holdings Inc. raised its position in QuinStreet by 92.2% in the third quarter. Nomura Holdings Inc. now owns 300,401 shares of the technology company's stock worth $2,695,000 after purchasing an additional 144,129 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its position in QuinStreet by 6.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,866,930 shares of the technology company's stock worth $23,934,000 after purchasing an additional 114,980 shares in the last quarter. 97.83% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

QNST has been the subject of several recent analyst reports. Stephens raised their price objective on shares of QuinStreet from $17.00 to $18.00 and gave the stock an "overweight" rating in a report on Friday, March 15th. Singular Research raised shares of QuinStreet to a "moderate buy" rating in a research note on Tuesday, May 14th. Barrington Research raised their price objective on shares of QuinStreet from $20.00 to $22.00 and gave the company an "outperform" rating in a research note on Thursday, May 9th. B. Riley initiated coverage on shares of QuinStreet in a research note on Friday, April 19th. They issued a "buy" rating and a $21.50 price objective on the stock. Finally, StockNews.com raised shares of QuinStreet to a "sell" rating in a research note on Saturday, April 13th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $20.38.

QuinStreet Price Performance

Shares of NASDAQ QNST remained flat at $18.44 during midday trading on Friday. 284,740 shares of the stock were exchanged, compared to its average volume of 396,769. The business's 50 day moving average is $17.56 and its 200-day moving average is $14.59. The stock has a market capitalization of $1.02 billion, a P/E ratio of -11.89 and a beta of 1.11. QuinStreet, Inc. has a 52 week low of $8.08 and a 52 week high of $19.58.

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.