Allegheny Financial Group Has $3.92 Million Holdings in QuinStreet, Inc. (NASDAQ:QNST)

Allegheny Financial Group raised its position in QuinStreet, Inc. (NASDAQ:QNST - Free Report) by 9.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 169,923 shares of the technology company's stock after buying an additional 14,470 shares during the period. QuinStreet makes up about 1.0% of Allegheny Financial Group's holdings, making the stock its 17th biggest holding. Allegheny Financial Group owned approximately 0.30% of QuinStreet worth $3,920,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the business. PDT Partners LLC lifted its holdings in QuinStreet by 45.3% in the fourth quarter. PDT Partners LLC now owns 40,515 shares of the technology company's stock worth $935,000 after acquiring an additional 12,638 shares during the last quarter. Schonfeld Strategic Advisors LLC grew its stake in QuinStreet by 130.6% during the 4th quarter. Schonfeld Strategic Advisors LLC now owns 39,900 shares of the technology company's stock worth $920,000 after buying an additional 22,600 shares during the last quarter. Northern Trust Corp increased its position in QuinStreet by 15.4% in the fourth quarter. Northern Trust Corp now owns 652,650 shares of the technology company's stock worth $15,057,000 after buying an additional 86,970 shares during the period. Aquatic Capital Management LLC acquired a new stake in QuinStreet in the fourth quarter worth $213,000. Finally, Boothbay Fund Management LLC lifted its stake in QuinStreet by 507.7% in the fourth quarter. Boothbay Fund Management LLC now owns 68,162 shares of the technology company's stock valued at $1,572,000 after buying an additional 56,946 shares during the last quarter. Institutional investors and hedge funds own 97.83% of the company's stock.

Insider Transactions at QuinStreet

In related news, CFO Gregory Wong sold 8,516 shares of the stock in a transaction on Tuesday, February 18th. The stock was 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 directly owns 337,031 shares in the company, valued at approximately $7,711,269.28. This trade represents a 2.46 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Douglas Valenti sold 10,000 shares of the business's stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $25.02, for a total value of $250,200.00. Following the completion of the transaction, 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 position. The disclosure for this sale can be found here. 5.00% of the stock is owned by insiders.

Analyst Ratings Changes

QNST has been the topic of a number of analyst reports. Barrington Research reaffirmed an "outperform" rating and issued a $29.00 price objective on shares of QuinStreet in a report on Wednesday, April 23rd. B. Riley reiterated a "buy" rating and set a $34.00 price objective (up from $32.00) on shares of QuinStreet in a research report 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, Lake Street Capital increased their price target on QuinStreet from $25.00 to $27.00 and gave the stock a "hold" rating in a research note on Friday, February 7th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, QuinStreet has a consensus rating of "Moderate Buy" and a consensus target price of $29.80.

QuinStreet Trading Down 4.1 %

NASDAQ:QNST traded down $0.75 during mid-day trading on Tuesday, reaching $17.74. 682,931 shares of the stock were exchanged, compared to its average volume of 475,776. QuinStreet, Inc. has a 1-year low of $14.39 and a 1-year high of $26.27. The firm has a market capitalization of $1.00 billion, a PE ratio of -80.64 and a beta of 0.79. The business has a fifty day moving average price of $17.36 and a 200 day moving average price of $20.43.

QuinStreet (NASDAQ:QNST - Get Free Report) last released its earnings results on Thursday, February 6th. The technology company reported ($0.03) 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%. On average, sell-side analysts forecast that QuinStreet, Inc. will post 0.12 earnings per share for the current year.

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.