Amundi Raises Stock Holdings in QuinStreet, Inc. (NASDAQ:QNST)

Amundi boosted its holdings in QuinStreet, Inc. (NASDAQ:QNST) by 174.5% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 26,713 shares of the technology company’s stock after buying an additional 16,982 shares during the quarter. Amundi’s holdings in QuinStreet were worth $594,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Quantbot Technologies LP purchased a new position in QuinStreet in the 3rd quarter worth about $29,000. Arcadia Investment Management Corp MI purchased a new position in QuinStreet in the 4th quarter worth about $38,000. KBC Group NV raised its position in QuinStreet by 64.5% in the 4th quarter. KBC Group NV now owns 3,562 shares of the technology company’s stock worth $82,000 after buying an additional 1,396 shares during the last quarter. PNC Financial Services Group Inc. raised its position in QuinStreet by 43.9% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,808 shares of the technology company’s stock worth $88,000 after buying an additional 1,162 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC purchased a new stake in shares of QuinStreet during the 4th quarter valued at about $112,000. Hedge funds and other institutional investors own 97.83% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. B. Riley reaffirmed a “buy” rating and set a $34.00 price target (up previously from $32.00) on shares of QuinStreet in a research report on Friday, February 7th. Lake Street Capital upped 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. Barrington Research reaffirmed an “outperform” rating and set a $29.00 price target on shares of QuinStreet in a research report on Friday, February 7th. Finally, StockNews.com raised shares of QuinStreet from a “sell” rating to a “hold” rating in a research report on Monday, February 10th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $29.80.

Insider Activity 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 shares were 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 in the company, valued at $45,955,585.08. This trade represents a 0.54 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Gregory Wong sold 8,516 shares of QuinStreet 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 sale, the chief financial officer now owns 337,031 shares in the company, valued at approximately $7,711,269.28. This represents a 2.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 5.00% of the stock is currently owned by corporate insiders.

QuinStreet Trading Up 0.6 %

Shares of NASDAQ:QNST opened at $18.26 on Friday. The stock has a 50 day moving average of $21.17 and a 200 day moving average of $20.94. The company has a market cap of $1.03 billion, a PE ratio of -83.00 and a beta of 1.13. QuinStreet, Inc. has a 12-month low of $15.20 and a 12-month 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 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%. Equities research analysts predict that QuinStreet, Inc. will post 0.12 earnings per share 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.