QuinStreet, Inc. (NASDAQ:QNST) Shares Purchased by Swiss National Bank

Swiss National Bank increased its position in shares of QuinStreet, Inc. (NASDAQ:QNST) by 2.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 104,900 shares of the technology company’s stock after purchasing an additional 2,500 shares during the period. Swiss National Bank owned 0.19% of QuinStreet worth $2,420,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of QNST. JPMorgan Chase & Co. increased its holdings in shares of QuinStreet by 39.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 449,589 shares of the technology company’s stock worth $8,601,000 after buying an additional 127,689 shares during the last quarter. State Street Corp grew its position in QuinStreet by 2.1% in the third quarter. State Street Corp now owns 1,989,976 shares of the technology company’s stock worth $38,068,000 after acquiring an additional 41,538 shares during the period. 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. Geode Capital Management LLC raised its position in QuinStreet by 3.0% in the third quarter. Geode Capital Management LLC now owns 1,270,766 shares of the technology company’s stock valued at $24,315,000 after purchasing an additional 36,963 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its position in QuinStreet by 8.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 495,538 shares of the technology company’s stock valued at $9,480,000 after purchasing an additional 40,236 shares during the period. 97.83% of the stock is owned by hedge funds and other institutional investors.

QuinStreet Price Performance

NASDAQ QNST opened at $18.68 on Friday. The company has a market cap of $1.05 billion, a P/E ratio of -84.91 and a beta of 1.13. The stock has a 50-day moving average of $20.89 and a two-hundred day moving average of $20.94. QuinStreet, Inc. has a 1-year low of $15.20 and a 1-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 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%. On average, analysts anticipate that QuinStreet, Inc. will post 0.12 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

QNST has been the subject of a number of research analyst reports. B. Riley reiterated a “buy” rating and set a $34.00 price target (up from $32.00) on shares of QuinStreet in a report on Friday, February 7th. Lake Street Capital increased their target price on shares of QuinStreet from $25.00 to $27.00 and gave the stock a “hold” rating in a research note on Friday, February 7th. Barrington Research reissued an “outperform” rating and issued a $29.00 price target on shares of QuinStreet in a research note on Wednesday. Finally, StockNews.com upgraded shares of QuinStreet from a “sell” rating to a “hold” rating in a report on Monday, February 10th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $29.80.

Insider Transactions at QuinStreet

In other QuinStreet news, CFO Gregory Wong sold 8,516 shares of the business’s stock in a transaction that occurred 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 in the company, valued at $7,711,269.28. The trade was a 2.46 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Douglas Valenti sold 10,000 shares of the 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 directly owns 1,836,754 shares in the company, valued at approximately $45,955,585.08. This represents a 0.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 5.00% of the company’s stock.

QuinStreet Company 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.