Barclays PLC Has $3.56 Million Holdings in QuinStreet, Inc. (NASDAQ:QNST)

Barclays PLC increased its holdings in QuinStreet, Inc. (NASDAQ:QNST - Free Report) by 21.0% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 154,189 shares of the technology company's stock after acquiring an additional 26,785 shares during the period. Barclays PLC owned approximately 0.27% of QuinStreet worth $3,557,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in QNST. Next Century Growth Investors LLC lifted its holdings in shares of QuinStreet by 7.8% in the 4th quarter. Next Century Growth Investors LLC now owns 819,630 shares of the technology company's stock valued at $18,909,000 after purchasing an additional 59,572 shares during the last quarter. Ranger Investment Management L.P. raised its position in QuinStreet by 107.0% in the fourth quarter. Ranger Investment Management L.P. now owns 285,705 shares of the technology company's stock worth $6,591,000 after acquiring an additional 147,705 shares in the last quarter. Renaissance Technologies LLC purchased a new position in QuinStreet in the fourth quarter worth $1,610,000. Invesco Ltd. raised its position in QuinStreet by 177.8% in the fourth quarter. Invesco Ltd. now owns 946,108 shares of the technology company's stock worth $21,827,000 after acquiring an additional 605,500 shares in the last quarter. Finally, Russell Investments Group Ltd. increased its position in shares of QuinStreet by 70.5% in the fourth quarter. Russell Investments Group Ltd. now owns 162,746 shares of the technology company's stock valued at $3,755,000 after buying an additional 67,295 shares in the last quarter. 97.83% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on QNST shares. Barrington Research reissued an "outperform" rating and issued a $29.00 price target on shares of QuinStreet in a research note on Wednesday, April 23rd. B. Riley restated a "buy" rating and issued a $34.00 target price (up from $32.00) on shares of QuinStreet in a research note on Friday, February 7th. StockNews.com raised shares of QuinStreet from a "sell" rating to a "hold" rating in a report on Monday, February 10th. Finally, Lake Street Capital raised their price target on shares of QuinStreet from $25.00 to $27.00 and gave the stock a "hold" rating in a research report on Friday, February 7th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, QuinStreet has a consensus rating of "Moderate Buy" and an average price target of $29.80.

Insiders Place Their Bets

In related news, CEO Douglas Valenti sold 10,000 shares of QuinStreet stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $25.02, for a total value of $250,200.00. Following the sale, the chief executive officer now owns 1,836,754 shares of the company's stock, valued at approximately $45,955,585.08. This trade represents a 0.54 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Gregory Wong sold 8,516 shares of the business's stock in a transaction that occurred on Tuesday, February 18th. The stock was 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. Company insiders own 5.00% of the company's stock.

QuinStreet Stock Up 6.8 %

QNST traded up $1.19 during midday trading on Thursday, reaching $18.71. 893,314 shares of the company's stock were exchanged, compared to its average volume of 474,484. The firm has a market capitalization of $1.06 billion, a price-to-earnings ratio of -85.05 and a beta of 0.91. QuinStreet, Inc. has a one year low of $14.39 and a one year high of $26.27. The business has a 50-day simple moving average of $17.42 and a two-hundred day simple moving average of $20.43.

QuinStreet (NASDAQ:QNST - Get Free Report) last announced 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 return on equity of 4.13% and a negative net margin of 1.31%. As a group, research analysts anticipate that QuinStreet, Inc. will post 0.12 EPS for the current fiscal year.

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.