Vanguard Group Inc. Has $92.33 Million Holdings in QuinStreet, Inc. (NASDAQ:QNST)

Vanguard Group Inc. raised its stake in shares of QuinStreet, Inc. (NASDAQ:QNST - Free Report) by 0.7% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,002,030 shares of the technology company's stock after buying an additional 26,169 shares during the period. Vanguard Group Inc. owned about 7.11% of QuinStreet worth $92,327,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Arcadia Investment Management Corp MI acquired a new stake in QuinStreet during the fourth quarter valued at $38,000. KBC Group NV lifted its holdings in shares of QuinStreet by 64.5% during 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. grew its stake in shares of QuinStreet by 43.9% in the 4th 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 in the last quarter. Steward Partners Investment Advisory LLC bought a new stake in shares of QuinStreet in the 4th quarter valued at approximately $112,000. Finally, BankPlus Trust Department acquired a new position in QuinStreet in the fourth quarter worth approximately $198,000. 97.83% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have issued reports on QNST shares. 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. B. Riley reiterated a "buy" rating and issued a $34.00 price objective (up from $32.00) on shares of QuinStreet in a report on Friday, February 7th. StockNews.com raised shares of QuinStreet from a "sell" rating to a "hold" rating in a research report on Monday, February 10th. Finally, Lake Street Capital boosted their price target on 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 given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $29.80.

Remove Ads

Insider Buying and Selling at QuinStreet

In other news, CEO Douglas Valenti sold 10,000 shares of QuinStreet stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $25.02, for a total transaction 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 trade represents a 0.54 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Gregory Wong sold 8,516 shares of the company's stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $22.88, for a total value of $194,846.08. Following the completion of the transaction, the chief financial officer now owns 337,031 shares of the company's stock, valued at $7,711,269.28. The trade was a 2.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 5.00% of the company's stock.

QuinStreet Trading Up 2.3 %

QuinStreet stock traded up $0.35 on Tuesday, reaching $15.63. 34,140 shares of the stock were exchanged, compared to its average volume of 467,981. QuinStreet, Inc. has a twelve month low of $14.39 and a twelve month high of $26.27. The firm has a fifty day moving average price of $18.89 and a two-hundred day moving average price of $20.64. The stock has a market cap of $882.61 million, a PE ratio of -71.07 and a beta of 0.91.

QuinStreet (NASDAQ:QNST - Get Free Report) last announced its earnings results 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%. Equities analysts anticipate that QuinStreet, Inc. will post 0.12 EPS 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.