SG Americas Securities LLC Raises Stock Position in QuinStreet, Inc. (NASDAQ:QNST)

SG Americas Securities LLC raised its stake in shares of QuinStreet, Inc. (NASDAQ:QNST) by 1.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 26,060 shares of the technology company’s stock after buying an additional 459 shares during the period. SG Americas Securities LLC’s holdings in QuinStreet were worth $601,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. US Bancorp DE grew its holdings in shares of QuinStreet by 880.3% in the third quarter. US Bancorp DE now owns 1,392 shares of the technology company’s stock worth $27,000 after acquiring an additional 1,250 shares during the period. Quantbot Technologies LP purchased a new position in QuinStreet in the third quarter worth about $29,000. Quarry LP grew its stake in shares of QuinStreet by 11,330.0% during the 2nd quarter. Quarry LP now owns 2,286 shares of the technology company’s stock valued at $38,000 after purchasing an additional 2,266 shares during the period. Hsbc Holdings PLC grew its stake in shares of QuinStreet by 26.1% during the 2nd quarter. Hsbc Holdings PLC now owns 14,000 shares of the technology company’s stock valued at $225,000 after purchasing an additional 2,895 shares during the period. Finally, Centiva Capital LP purchased a new stake in shares of QuinStreet during the 3rd quarter valued at about $244,000. 97.83% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at QuinStreet

In related news, Director Matthew Glickman sold 30,000 shares of the firm’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 completion of the transaction, the director now directly owns 113,140 shares of the company’s stock, valued at approximately $2,560,358.20. This trade represents a 20.96 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Stuart Huizinga sold 7,020 shares of the business’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $23.21, for a total transaction of $162,934.20. Following the completion of the sale, the director now owns 174,903 shares in the company, valued at approximately $4,059,498.63. The trade was a 3.86 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 40,000 shares of company stock valued at $910,374. 5.00% of the stock is owned by company insiders.

Analysts Set New Price Targets

QNST has been the topic of a number of research reports. B. Riley raised their price objective on shares of QuinStreet from $24.00 to $32.00 and gave the stock a “buy” rating in a report on Tuesday, November 5th. Craig Hallum lifted their price target on shares of QuinStreet from $25.00 to $32.00 and gave the stock a “buy” rating in a research note on Tuesday, November 5th. 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. StockNews.com downgraded QuinStreet from a “hold” rating to a “sell” rating in a research report on Tuesday, January 14th. Finally, Stephens boosted their price target on QuinStreet from $23.00 to $27.00 and gave the company an “overweight” rating in a report on Tuesday, November 5th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $29.00.

QuinStreet Price Performance

Shares of QNST stock opened at $24.44 on Friday. The company has a market capitalization of $1.37 billion, a price-to-earnings ratio of -61.10 and a beta of 1.07. The company’s fifty day moving average price is $22.51 and its 200-day moving average price is $20.33. QuinStreet, Inc. has a one year low of $12.19 and a one year high of $26.27.

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