QuinStreet, Inc. (NASDAQ:QNST) Holdings Raised by Ranger Investment Management L.P.

Ranger Investment Management L.P. lifted its position in QuinStreet, Inc. (NASDAQ:QNST - Free Report) by 107.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 285,705 shares of the technology company's stock after acquiring an additional 147,705 shares during the quarter. Ranger Investment Management L.P. owned 0.51% of QuinStreet worth $6,591,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. State of Alaska Department of Revenue increased its position in QuinStreet by 1.4% during the 4th quarter. State of Alaska Department of Revenue now owns 31,976 shares of the technology company's stock valued at $737,000 after purchasing an additional 432 shares during the period. SG Americas Securities LLC boosted its stake in shares of QuinStreet by 1.8% during the fourth quarter. SG Americas Securities LLC now owns 26,060 shares of the technology company's stock valued at $601,000 after purchasing an additional 459 shares in the last quarter. Louisiana State Employees Retirement System increased its holdings in QuinStreet by 1.9% during the fourth quarter. Louisiana State Employees Retirement System now owns 27,200 shares of the technology company's stock valued at $628,000 after buying an additional 500 shares during the period. PNC Financial Services Group Inc. raised its stake in QuinStreet by 43.9% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,808 shares of the technology company's stock worth $88,000 after buying an additional 1,162 shares in the last quarter. Finally, KBC Group NV lifted its holdings in QuinStreet by 64.5% during the fourth quarter. KBC Group NV now owns 3,562 shares of the technology company's stock worth $82,000 after buying an additional 1,396 shares during the period. 97.83% of the stock is owned by hedge funds and other institutional investors.

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QuinStreet Trading Down 0.6 %

Shares of QNST stock traded down $0.09 on Monday, reaching $15.12. 93,433 shares of the stock were exchanged, compared to its average volume of 468,396. QuinStreet, Inc. has a twelve month low of $14.00 and a twelve month high of $26.27. The company has a market capitalization of $853.81 million, a price-to-earnings ratio of -68.73 and a beta of 0.91. The business's 50 day moving average price is $19.08 and its 200 day moving average price is $20.66.

QuinStreet (NASDAQ:QNST - Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The technology company reported ($0.03) earnings per share 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%. Equities research analysts forecast that QuinStreet, Inc. will post 0.12 earnings per share for the current year.

Insiders Place Their Bets

In other news, CFO Gregory Wong sold 8,516 shares of QuinStreet stock in a transaction that occurred on Tuesday, February 18th. The shares were 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 in the company, valued at approximately $7,711,269.28. This trade represents a 2.46 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Douglas Valenti sold 10,000 shares of the business's stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $25.02, for a total transaction of $250,200.00. Following the completion of the sale, the chief executive officer now owns 1,836,754 shares in the company, valued at $45,955,585.08. This represents a 0.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 5.00% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. Lake Street Capital lifted their price target on QuinStreet from $25.00 to $27.00 and gave the company a "hold" rating in a report on Friday, February 7th. Barrington Research reiterated an "outperform" rating and issued a $29.00 target price on shares of QuinStreet in a research note on Wednesday, March 26th. StockNews.com upgraded shares of QuinStreet from a "sell" rating to a "hold" rating in a report on Monday, February 10th. Finally, B. Riley restated 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. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $29.80.

About QuinStreet

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.