Russell Investments Group Ltd. Raises Position in QuinStreet, Inc. (NASDAQ:QNST)

Russell Investments Group Ltd. boosted its position in shares of QuinStreet, Inc. (NASDAQ:QNST - Free Report) by 70.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 162,746 shares of the technology company's stock after purchasing an additional 67,295 shares during the period. Russell Investments Group Ltd. owned about 0.29% of QuinStreet worth $3,755,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of QNST. Arcadia Investment Management Corp MI bought a new position in QuinStreet during the fourth quarter worth $38,000. KBC Group NV raised its holdings in QuinStreet by 64.5% in the 4th quarter. KBC Group NV now owns 3,562 shares of the technology company's stock valued at $82,000 after buying an additional 1,396 shares during the last quarter. PNC Financial Services Group Inc. increased its stake in shares of QuinStreet by 43.9% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,808 shares of the technology company's stock valued at $88,000 after buying an additional 1,162 shares during the period. Steward Partners Investment Advisory LLC bought a new stake in QuinStreet during the fourth quarter valued at $112,000. Finally, BankPlus Trust Department acquired a new position in shares of QuinStreet during the 4th quarter valued at $198,000. Institutional investors and hedge funds own 97.83% of the company's stock.

QuinStreet Trading Up 2.6 %

Shares of QNST stock traded up $0.41 during trading hours on Friday, reaching $16.07. The company's stock had a trading volume of 380,388 shares, compared to its average volume of 471,813. QuinStreet, Inc. has a one year low of $14.39 and a one year high of $26.27. The stock has a market capitalization of $907.46 million, a P/E ratio of -73.05 and a beta of 0.91. The firm's fifty day simple moving average is $18.24 and its 200 day simple moving average is $20.53.

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

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on QNST. Barrington Research reaffirmed an "outperform" rating and set a $29.00 target price on shares of QuinStreet in a research report on Wednesday, March 26th. B. Riley reiterated a "buy" rating and set a $34.00 price target (up previously from $32.00) 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 research note on Monday, February 10th. Finally, Lake Street Capital lifted their price objective 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. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, QuinStreet presently has a consensus rating of "Moderate Buy" and an average target price of $29.80.

Insider Activity

In other QuinStreet news, CFO Gregory Wong sold 8,516 shares of QuinStreet 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. The trade was a 2.46 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Douglas Valenti sold 10,000 shares of the stock in a transaction that occurred on Wednesday, February 5th. The shares were 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 in the company, 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 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.