Quantbot Technologies LP increased its position in QuinStreet, Inc. (NASDAQ:QNST - Free Report) by 2,570.2% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 41,015 shares of the technology company's stock after purchasing an additional 39,479 shares during the period. Quantbot Technologies LP owned 0.07% of QuinStreet worth $946,000 at the end of the most recent quarter.
A number of other large investors have also recently made changes to their positions in the company. Quest Partners LLC acquired a new stake in shares of QuinStreet in the third quarter valued at approximately $291,000. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in QuinStreet during the 3rd quarter valued at approximately $477,000. Intech Investment Management LLC lifted its position in QuinStreet by 184.9% during the 3rd quarter. Intech Investment Management LLC now owns 46,183 shares of the technology company's stock worth $883,000 after acquiring an additional 29,973 shares during the period. Charles Schwab Investment Management Inc. grew its position in QuinStreet by 8.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 495,538 shares of the technology company's stock valued at $9,480,000 after buying an additional 40,236 shares during the last quarter. Finally, FMR LLC increased its stake in QuinStreet by 5.2% in the 3rd quarter. FMR LLC now owns 2,233,345 shares of the technology company's stock valued at $42,724,000 after buying an additional 109,892 shares during the period. 97.83% of the stock is owned by institutional investors and hedge funds.
QuinStreet Stock Performance
Shares of QNST stock traded down $0.76 during trading hours on Friday, reaching $17.92. The company had a trading volume of 309,864 shares, compared to its average volume of 447,688. QuinStreet, Inc. has a twelve month low of $15.20 and a twelve month high of $26.27. The stock's fifty day simple moving average is $20.80 and its 200 day simple moving average is $20.95. The company has a market capitalization of $1.01 billion, a P/E ratio of -81.45 and a beta of 1.13.
QuinStreet (NASDAQ:QNST - Get Free Report) last released its quarterly earnings results on Thursday, February 6th. The technology company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.21). QuinStreet had a negative return on equity of 4.13% and a negative net margin of 1.31%. As a group, equities analysts expect that QuinStreet, Inc. will post 0.12 earnings per share for the current year.
Insider Buying and Selling at QuinStreet
In other QuinStreet news, CEO Douglas Valenti sold 10,000 shares of the stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $25.02, for a total transaction of $250,200.00. Following the transaction, the chief executive officer now owns 1,836,754 shares of the company's stock, valued at $45,955,585.08. This trade represents a 0.54 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Gregory Wong sold 8,516 shares of the business's stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $22.88, for a total value of $194,846.08. Following the completion of the sale, the chief financial officer now owns 337,031 shares of the company's stock, 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 owned by insiders.
Analyst Ratings Changes
Several research analysts have issued reports on QNST shares. Barrington Research reiterated an "outperform" rating and issued a $29.00 price objective on shares of QuinStreet in a research report on Wednesday. Lake Street Capital upped their price objective on QuinStreet from $25.00 to $27.00 and gave the company a "hold" rating in a research report on Friday, February 7th. B. Riley reiterated a "buy" rating and issued a $34.00 price target (up from $32.00) on shares of QuinStreet in a report on Friday, February 7th. Finally, StockNews.com upgraded QuinStreet from a "sell" rating to a "hold" rating in a report on Monday, February 10th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $29.80.
View Our Latest Analysis on QNST
QuinStreet Company Profile
(
Free Report)
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.
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