QuinStreet, Inc. (NASDAQ:QNST) Shares Acquired by Vanguard Group Inc.

Vanguard Group Inc. lifted its stake in shares of QuinStreet, Inc. (NASDAQ:QNST) by 0.7% during the 4th quarter, Holdings Channel reports. The fund owned 4,002,030 shares of the technology company’s stock after buying an additional 26,169 shares during the quarter. Vanguard Group Inc. owned about 0.07% of QuinStreet worth $92,327,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the company. American Century Companies Inc. raised its stake in QuinStreet by 9.9% during the fourth quarter. American Century Companies Inc. now owns 2,228,568 shares of the technology company’s stock worth $51,413,000 after purchasing an additional 201,052 shares during the period. SVB Wealth LLC purchased a new stake in shares of QuinStreet during the 4th quarter valued at approximately $3,508,000. JPMorgan Chase & Co. lifted its holdings in QuinStreet by 39.7% in 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 during the last quarter. Lisanti Capital Growth LLC purchased a new position in QuinStreet in the fourth quarter worth approximately $2,031,000. Finally, Barclays PLC increased its stake in QuinStreet by 149.7% during the third quarter. Barclays PLC now owns 127,404 shares of the technology company’s stock worth $2,436,000 after acquiring an additional 76,389 shares during the last quarter. Hedge funds and other institutional investors own 97.83% of the company’s stock.

Insider Transactions at QuinStreet

In other news, CEO Douglas Valenti sold 10,000 shares of the business’s 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 completion of the sale, the chief executive officer now owns 1,836,754 shares in the company, valued at approximately $45,955,585.08. The trade was a 0.54 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 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 transaction 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. This represents a 2.46 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 5.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on QNST. B. Riley reaffirmed a “buy” rating and issued a $34.00 price target (up previously from $32.00) on shares of QuinStreet in a research note on Friday, February 7th. Lake Street Capital lifted their price target on shares of QuinStreet from $25.00 to $27.00 and gave the company a “hold” rating in a research report on Friday, February 7th. StockNews.com upgraded shares of QuinStreet from a “sell” rating to a “hold” rating in a report on Monday, February 10th. Finally, Barrington Research reiterated an “outperform” rating and issued a $29.00 target price on shares of QuinStreet in a report on Wednesday, March 26th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $29.80.

QuinStreet Stock Performance

NASDAQ QNST opened at $15.97 on Thursday. The firm has a market cap of $901.81 million, a price-to-earnings ratio of -72.59 and a beta of 0.91. The firm has a 50 day simple moving average of $19.44 and a 200-day simple moving average of $20.71. QuinStreet, Inc. has a one year low of $14.39 and a one year high of $26.27.

QuinStreet (NASDAQ:QNST) last announced its quarterly earnings data 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 net margin of 1.31% and a negative return on equity of 4.13%. Equities analysts predict 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.