Royce & Associates LP lessened its stake in shares of QuinStreet, Inc. (NASDAQ:QNST - Free Report) by 14.1% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,446,365 shares of the technology company's stock after selling 236,677 shares during the quarter. Royce & Associates LP owned approximately 2.57% of QuinStreet worth $33,368,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also bought and sold shares of QNST. Frank Rimerman Advisors LLC acquired a new position in QuinStreet in the fourth quarter valued at $261,000. First Eagle Investment Management LLC boosted its holdings in shares of QuinStreet by 6.0% during the 4th quarter. First Eagle Investment Management LLC now owns 681,023 shares of the technology company's stock worth $15,711,000 after buying an additional 38,500 shares in the last quarter. Swiss National Bank boosted its stake in QuinStreet by 2.4% during the fourth quarter. Swiss National Bank now owns 104,900 shares of the technology company's stock worth $2,420,000 after acquiring an additional 2,500 shares in the last quarter. Amundi increased its stake in QuinStreet by 174.5% in the fourth quarter. Amundi now owns 26,713 shares of the technology company's stock valued at $594,000 after purchasing an additional 16,982 shares in the last quarter. Finally, PNC Financial Services Group Inc. raised its holdings in shares of QuinStreet by 43.9% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,808 shares of the technology company's stock valued at $88,000 after purchasing an additional 1,162 shares during the period. Institutional investors and hedge funds own 97.83% of the company's stock.
Insider Buying and Selling at QuinStreet
In related news, CFO Gregory Wong sold 8,516 shares of the company'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 transaction of $194,846.08. Following the sale, the chief financial officer now directly owns 337,031 shares in the company, valued at approximately $7,711,269.28. This represents a 2.46 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 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. Corporate insiders own 5.00% of the company's stock.
QuinStreet Stock Up 0.6 %
QNST traded up $0.10 during trading on Thursday, hitting $18.26. 248,445 shares of the company traded hands, compared to its average volume of 428,146. QuinStreet, Inc. has a one year low of $15.20 and a one year high of $26.27. The stock's fifty day moving average is $21.25 and its 200 day moving average is $20.96. The firm has a market cap of $1.03 billion, a P/E ratio of -83.00 and a beta of 1.13.
QuinStreet (NASDAQ:QNST - Get Free Report) last issued 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%. On average, equities research analysts forecast that QuinStreet, Inc. will post 0.12 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
QNST has been the subject of a number of research analyst reports. B. Riley reaffirmed a "buy" rating and issued a $34.00 target price (up from $32.00) on shares of QuinStreet in a research report on Friday, February 7th. StockNews.com upgraded QuinStreet from a "sell" rating to a "hold" rating in a report on Monday, February 10th. Barrington Research restated an "outperform" rating and set a $29.00 price target on shares of QuinStreet in a research note on Friday, February 7th. Finally, Lake Street Capital increased their price objective on QuinStreet from $25.00 to $27.00 and gave the stock a "hold" rating in a research note on Friday, February 7th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $29.80.
Check Out Our Latest Stock Report on QuinStreet
QuinStreet 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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