US Bancorp DE Purchases 1,250 Shares of QuinStreet, Inc. (NASDAQ:QNST)

US Bancorp DE boosted its stake in QuinStreet, Inc. (NASDAQ:QNST) by 880.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,392 shares of the technology company’s stock after acquiring an additional 1,250 shares during the period. US Bancorp DE’s holdings in QuinStreet were worth $27,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. ProShare Advisors LLC bought a new position in shares of QuinStreet during the first quarter valued at approximately $188,000. Vanguard Group Inc. raised its holdings in QuinStreet by 1.3% in the 1st quarter. Vanguard Group Inc. now owns 3,712,518 shares of the technology company’s stock worth $65,563,000 after purchasing an additional 48,705 shares during the period. PEAK6 Investments LLC raised its stake in shares of QuinStreet by 3.4% in the first quarter. PEAK6 Investments LLC now owns 25,680 shares of the technology company’s stock worth $454,000 after buying an additional 843 shares during the period. Price T Rowe Associates Inc. MD boosted its position in shares of QuinStreet by 12.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 15,188 shares of the technology company’s stock worth $269,000 after purchasing an additional 1,694 shares during the period. Finally, Janus Henderson Group PLC lifted its stake in shares of QuinStreet by 95.2% during the 1st quarter. Janus Henderson Group PLC now owns 44,086 shares of the technology company’s stock valued at $778,000 after buying an additional 21,502 shares in the last quarter. Institutional investors own 97.83% of the company’s stock.

Wall Street Analyst Weigh In

QNST has been the subject of a number of recent analyst reports. Lake Street Capital upped their price objective on QuinStreet from $20.00 to $25.00 and gave the stock a “hold” rating in a research note on Tuesday, November 5th. Craig Hallum boosted their target price on shares of QuinStreet from $25.00 to $32.00 and gave the stock a “buy” rating in a report on Tuesday, November 5th. StockNews.com cut shares of QuinStreet from a “hold” rating to a “sell” rating in a research note on Tuesday, November 12th. B. Riley lifted their price target on shares of QuinStreet from $24.00 to $32.00 and gave the company a “buy” rating in a report on Tuesday, November 5th. Finally, Stephens increased their price objective on shares of QuinStreet from $23.00 to $27.00 and gave the company an “overweight” rating in a report on Tuesday, November 5th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $29.00.

QuinStreet Stock Performance

Shares of QNST opened at $20.56 on Tuesday. The stock has a market capitalization of $1.16 billion, a PE ratio of -50.78 and a beta of 1.09. The company’s fifty day moving average is $19.75 and its 200 day moving average is $18.38. QuinStreet, Inc. has a fifty-two week low of $10.88 and a fifty-two week high of $26.27.

QuinStreet (NASDAQ:QNST) last issued its quarterly earnings data on Monday, November 4th. The technology company reported $0.22 EPS for the quarter, topping analysts’ consensus estimates of $0.15 by $0.07. The business had revenue of $279.22 million during the quarter, compared to analysts’ expectations of $222.68 million. QuinStreet had a negative net margin of 2.88% and a negative return on equity of 8.79%. The business’s revenue was up 125.3% on a year-over-year basis. During the same period last year, the company posted ($0.19) EPS. As a group, research analysts forecast that QuinStreet, Inc. will post 0.15 earnings per share for the current year.

Insider Buying and Selling at QuinStreet

In other QuinStreet news, Director Matthew Glickman sold 30,000 shares of the business’s stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $22.63, for a total transaction of $678,900.00. Following the transaction, the director now owns 113,140 shares in the company, valued at $2,560,358.20. The trade was a 20.96 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Company 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.