Counterpoint Mutual Funds LLC Purchases 19,862 Shares of QuinStreet, Inc. (NASDAQ:QNST)

Counterpoint Mutual Funds LLC raised its holdings in shares of QuinStreet, Inc. (NASDAQ:QNST - Free Report) by 143.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 33,741 shares of the technology company's stock after purchasing an additional 19,862 shares during the period. Counterpoint Mutual Funds LLC owned 0.06% of QuinStreet worth $778,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of QNST. JPMorgan Chase & Co. raised its holdings in shares of QuinStreet by 39.7% during the third quarter. JPMorgan Chase & Co. now owns 449,589 shares of the technology company's stock valued at $8,601,000 after acquiring an additional 127,689 shares in the last quarter. State Street Corp increased its position in QuinStreet by 2.1% during the 3rd quarter. State Street Corp now owns 1,989,976 shares of the technology company's stock valued at $38,068,000 after purchasing an additional 41,538 shares during the period. Barclays PLC raised its holdings in QuinStreet by 149.7% in the 3rd quarter. Barclays PLC now owns 127,404 shares of the technology company's stock worth $2,436,000 after purchasing an additional 76,389 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of QuinStreet by 3.0% in the 3rd quarter. Geode Capital Management LLC now owns 1,270,766 shares of the technology company's stock worth $24,315,000 after purchasing an additional 36,963 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of QuinStreet by 8.8% during 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 purchasing an additional 40,236 shares in the last quarter. Hedge funds and other institutional investors own 97.83% of the company's stock.

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Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on QNST shares. Barrington Research reissued an "outperform" rating and issued a $29.00 price target on shares of QuinStreet in a research note 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 upped their price target on shares of QuinStreet from $25.00 to $27.00 and gave the stock a "hold" rating in a research note on Friday, February 7th. Finally, B. Riley restated a "buy" rating and set a $34.00 price objective (up from $32.00) on shares of QuinStreet in a research note on Friday, February 7th. 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 stock currently has a consensus rating of "Moderate Buy" and an average price target of $29.80.

Insider Transactions at QuinStreet

In other QuinStreet news, CFO Gregory Wong sold 8,516 shares of the stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $22.88, for a total value of $194,846.08. Following the transaction, the chief financial officer now owns 337,031 shares of the company's stock, valued at approximately $7,711,269.28. This represents a 2.46 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed 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 shares were 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 of the company's stock, valued at approximately $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. Company insiders own 5.00% of the company's stock.

QuinStreet Price Performance

NASDAQ QNST traded up $0.32 during trading hours on Friday, hitting $18.58. The company's stock had a trading volume of 736,433 shares, compared to its average volume of 429,135. The company has a market cap of $1.05 billion, a P/E ratio of -84.45 and a beta of 1.13. The company's 50 day simple moving average is $21.17 and its two-hundred day simple moving average is $20.94. QuinStreet, Inc. has a 12 month low of $15.20 and a 12 month high of $26.27.

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 the consensus estimate of $0.18 by ($0.21). QuinStreet had a negative net margin of 1.31% and a negative return on equity of 4.13%. As a group, research analysts predict that QuinStreet, Inc. will post 0.12 earnings per share 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.