Next Century Growth Investors LLC Buys 59,572 Shares of QuinStreet, Inc. (NASDAQ:QNST)

Next Century Growth Investors LLC increased its holdings in QuinStreet, Inc. (NASDAQ:QNST - Free Report) by 7.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 819,630 shares of the technology company's stock after purchasing an additional 59,572 shares during the quarter. QuinStreet makes up approximately 1.4% of Next Century Growth Investors LLC's holdings, making the stock its 18th largest holding. Next Century Growth Investors LLC owned about 1.46% of QuinStreet worth $18,909,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Invesco Ltd. grew its holdings in shares of QuinStreet by 177.8% during the fourth quarter. Invesco Ltd. now owns 946,108 shares of the technology company's stock valued at $21,827,000 after buying an additional 605,500 shares during the last quarter. American Century Companies Inc. lifted its stake in shares of QuinStreet by 9.9% during the 4th quarter. American Century Companies Inc. now owns 2,228,568 shares of the technology company's stock valued at $51,413,000 after buying an additional 201,052 shares in the last quarter. SVB Wealth LLC bought a new stake in shares of QuinStreet during the fourth quarter valued at approximately $3,508,000. Ranger Investment Management L.P. lifted its stake in QuinStreet by 107.0% in the 4th quarter. Ranger Investment Management L.P. now owns 285,705 shares of the technology company's stock worth $6,591,000 after purchasing an additional 147,705 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in shares of QuinStreet by 39.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 449,589 shares of the technology company's stock worth $8,601,000 after acquiring an additional 127,689 shares in the last quarter. 97.83% of the stock is owned by hedge funds and other institutional investors.

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Insider Activity

In other 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 completion of the sale, the chief financial officer now directly owns 337,031 shares of the company's stock, valued at $7,711,269.28. This trade represents a 2.46 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Douglas Valenti sold 10,000 shares of the stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $25.02, for a total value of $250,200.00. Following the sale, the chief executive officer now owns 1,836,754 shares in the company, valued at approximately $45,955,585.08. This represents a 0.54 % decrease in their position. The disclosure for this sale can be found here. 5.00% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research firms have recently commented on QNST. StockNews.com raised QuinStreet from a "sell" rating to a "hold" rating in a research note on Monday, February 10th. Lake Street Capital boosted their target price 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. B. Riley reissued a "buy" rating and set a $34.00 target price (up from $32.00) on shares of QuinStreet in a research note on Friday, February 7th. Finally, Barrington Research restated an "outperform" rating and issued a $29.00 price objective on shares of QuinStreet in a report on Wednesday, March 26th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $29.80.

QuinStreet Stock Performance

Shares of QNST stock traded up $0.34 on Tuesday, reaching $15.62. 372,786 shares of the company's stock traded hands, compared to its average volume of 469,850. The company has a market capitalization of $882.05 million, a P/E ratio of -71.00 and a beta of 0.91. The business's 50 day moving average price is $18.89 and its two-hundred day moving average price is $20.64. QuinStreet, Inc. has a 12-month low of $14.39 and a 12-month 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 (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 predict that QuinStreet, Inc. will post 0.12 earnings per share for the current 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.