QuinStreet, Inc. (NASDAQ:QNST) Position Boosted by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System increased its holdings in QuinStreet, Inc. (NASDAQ:QNST) by 1.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,200 shares of the technology company’s stock after buying an additional 500 shares during the quarter. Louisiana State Employees Retirement System’s holdings in QuinStreet were worth $628,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in QNST. US Bancorp DE grew its holdings in QuinStreet by 880.3% in the 3rd quarter. US Bancorp DE now owns 1,392 shares of the technology company’s stock worth $27,000 after buying an additional 1,250 shares in the last quarter. Quantbot Technologies LP bought a new position in QuinStreet during the 3rd quarter valued at $29,000. KBC Group NV boosted its stake in 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 purchasing an additional 1,396 shares in the last quarter. Quarry LP boosted its stake in QuinStreet by 279.7% during the 3rd quarter. Quarry LP now owns 8,681 shares of the technology company’s stock valued at $166,000 after purchasing an additional 6,395 shares in the last quarter. Finally, Centiva Capital LP bought a new position in QuinStreet during the 3rd quarter valued at $244,000. 97.83% of the stock is owned by institutional investors.

QuinStreet Stock Up 1.2 %

QNST opened at $22.91 on Wednesday. The business has a fifty day simple moving average of $22.82 and a 200-day simple moving average of $20.82. The firm has a market cap of $1.29 billion, a PE ratio of -104.14 and a beta of 1.06. QuinStreet, Inc. has a fifty-two week low of $14.14 and a fifty-two week high of $26.27.

QuinStreet (NASDAQ:QNST) last released its earnings results 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 4.16%. On average, equities research analysts anticipate that QuinStreet, Inc. will post 0.15 EPS for the current fiscal year.

Insider Activity

In related news, 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 transaction of $250,200.00. Following the completion of the sale, the chief executive officer now directly owns 1,836,754 shares in the company, valued at approximately $45,955,585.08. This trade represents a 0.54 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Stuart Huizinga sold 2,980 shares of the stock in a transaction on Friday, November 29th. The stock was sold at an average price of $23.00, for a total value of $68,540.00. Following the sale, the director now owns 171,923 shares of the company’s stock, valued at approximately $3,954,229. This represents a 1.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 20,000 shares of company stock worth $481,674 over the last quarter. Corporate insiders own 5.00% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on QNST. B. Riley reaffirmed a “buy” rating and set a $34.00 price target (up from $32.00) on shares of QuinStreet in a research note on Friday, February 7th. Craig Hallum increased their price target on QuinStreet from $25.00 to $32.00 and gave the company a “buy” rating in a research note on Tuesday, November 5th. Barrington Research reaffirmed an “outperform” rating and set a $29.00 price target on shares of QuinStreet in a research note on Friday, February 7th. Stephens increased their price target on QuinStreet from $23.00 to $27.00 and gave the company an “overweight” rating in a research note on Tuesday, November 5th. Finally, Lake Street Capital raised 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 investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $29.80.

About QuinStreet

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.