Steward Partners Investment Advisory LLC Takes $112,000 Position in QuinStreet, Inc. (NASDAQ:QNST)

Steward Partners Investment Advisory LLC purchased a new stake in QuinStreet, Inc. (NASDAQ:QNST) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 4,844 shares of the technology company’s stock, valued at approximately $112,000.

A number of other large investors have also recently bought and sold shares of the stock. FMR LLC grew its position in QuinStreet by 5.2% in the third quarter. FMR LLC now owns 2,233,345 shares of the technology company’s stock valued at $42,724,000 after acquiring an additional 109,892 shares during the period. 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 valued at $38,068,000 after acquiring an additional 41,538 shares during the period. Geode Capital Management LLC grew 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 acquiring an additional 36,963 shares during the period. Portolan Capital Management LLC grew its position in QuinStreet by 9.6% in the third quarter. Portolan Capital Management LLC now owns 801,693 shares of the technology company’s stock valued at $15,336,000 after acquiring an additional 70,408 shares during the period. Finally, Charles Schwab Investment Management Inc. grew 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 acquiring an additional 40,236 shares during the period. 97.83% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts have weighed in on QNST shares. Barrington Research reiterated an “outperform” rating and issued a $29.00 price target on shares of QuinStreet in a research report on Friday, February 7th. Lake Street Capital boosted 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. StockNews.com raised QuinStreet from a “sell” rating to a “hold” rating in a research note on Monday, February 10th. Finally, B. Riley reissued a “buy” rating and issued a $34.00 price objective (up previously from $32.00) on shares of QuinStreet in a research note on Friday, February 7th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $29.80.

QuinStreet Stock Up 3.3 %

Shares of QNST opened at $17.76 on Monday. QuinStreet, Inc. has a 12-month low of $15.20 and a 12-month high of $26.27. The firm has a market capitalization of $1.00 billion, a PE ratio of -80.73 and a beta of 1.13. The stock’s fifty day simple moving average is $21.52 and its 200-day simple moving average is $21.00.

QuinStreet (NASDAQ:QNST) last issued its quarterly earnings results on Thursday, February 6th. The technology company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.21). QuinStreet had a negative net margin of 1.31% and a negative return on equity of 4.13%. Analysts anticipate that QuinStreet, Inc. will post 0.12 EPS for the current year.

Insider Activity

In other news, CEO Douglas Valenti sold 10,000 shares of the company’s 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 transaction, the chief executive officer now owns 1,836,754 shares of the company’s stock, valued at $45,955,585.08. This represents a 0.54 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Gregory Wong sold 8,516 shares of the company’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $22.88, for a total value of $194,846.08. Following the transaction, the chief financial officer now directly owns 337,031 shares in the company, valued at $7,711,269.28. This trade represents a 2.46 % decrease in their position. The disclosure for this sale can be found here. 5.00% of the stock is currently owned by insiders.

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.