Trexquant Investment LP Sells 55,483 Shares of QuinStreet, Inc. (NASDAQ:QNST)

Trexquant Investment LP lessened its position in shares of QuinStreet, Inc. (NASDAQ:QNST - Free Report) by 60.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 36,470 shares of the technology company's stock after selling 55,483 shares during the period. Trexquant Investment LP owned about 0.06% of QuinStreet worth $841,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the company. Geode Capital Management LLC boosted its position in shares of QuinStreet by 2.1% during the fourth quarter. Geode Capital Management LLC now owns 1,297,160 shares of the technology company's stock worth $29,933,000 after buying an additional 26,394 shares during the period. Alliancebernstein L.P. boosted its position in QuinStreet by 9.2% during the 4th quarter. Alliancebernstein L.P. now owns 58,000 shares of the technology company's stock worth $1,338,000 after acquiring an additional 4,900 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its stake in shares of QuinStreet by 45.3% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 381,941 shares of the technology company's stock worth $8,811,000 after acquiring an additional 119,154 shares in the last quarter. Maridea Wealth Management LLC acquired a new stake in shares of QuinStreet in the fourth quarter valued at approximately $242,000. Finally, Pictet Asset Management Holding SA bought a new stake in shares of QuinStreet in the fourth quarter worth $203,000. Institutional investors own 97.83% of the company's stock.

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Insider Buying and Selling at QuinStreet

In other news, CFO Gregory Wong sold 8,516 shares of the business's stock in a transaction that occurred 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 owns 337,031 shares in the company, valued at $7,711,269.28. The trade was a 2.46 % decrease in their ownership of the stock. The sale was disclosed in a legal filing 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 stock was sold at an average price of $25.02, for a total value 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 trade represents a 0.54 % decrease in their position. The disclosure for this sale can be found here. Insiders own 5.00% of the company's stock.

QuinStreet Stock Performance

NASDAQ:QNST traded down $0.08 during mid-day trading on Wednesday, hitting $15.54. The stock had a trading volume of 196,441 shares, compared to its average volume of 468,862. QuinStreet, Inc. has a twelve month low of $14.39 and a twelve month high of $26.27. The stock has a market cap of $877.53 million, a price-to-earnings ratio of -70.64 and a beta of 0.91. The company's 50 day simple moving average is $18.70 and its 200 day simple moving average is $20.60.

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 (EPS) for the quarter, missing analysts' consensus estimates 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, equities analysts forecast that QuinStreet, Inc. will post 0.12 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms recently weighed in on QNST. StockNews.com raised shares of QuinStreet from a "sell" rating to a "hold" rating in a research report on Monday, February 10th. Lake Street Capital raised their price objective on QuinStreet from $25.00 to $27.00 and gave the company a "hold" rating in a report on Friday, February 7th. B. Riley reaffirmed a "buy" rating and issued a $34.00 target price (up previously from $32.00) on shares of QuinStreet in a research report on Friday, February 7th. Finally, Barrington Research reissued an "outperform" rating and set a $29.00 price target on shares of QuinStreet in a research report on Wednesday, March 26th. Two 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.com, QuinStreet has an average rating of "Moderate Buy" and an average target price of $29.80.

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.