QuinStreet, Inc. (NASDAQ:QNST) Shares Acquired by BNP Paribas Financial Markets

BNP Paribas Financial Markets raised its stake in shares of QuinStreet, Inc. (NASDAQ:QNST - Free Report) by 537.4% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 332,763 shares of the technology company's stock after purchasing an additional 280,554 shares during the period. BNP Paribas Financial Markets owned 0.59% of QuinStreet worth $7,677,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of QNST. Arcadia Investment Management Corp MI acquired a new stake in shares of QuinStreet during the 4th quarter worth $38,000. KBC Group NV grew its position in QuinStreet by 64.5% during the fourth quarter. KBC Group NV now owns 3,562 shares of the technology company's stock valued at $82,000 after acquiring an additional 1,396 shares during the period. PNC Financial Services Group Inc. increased its stake in QuinStreet by 43.9% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,808 shares of the technology company's stock worth $88,000 after acquiring an additional 1,162 shares during the last quarter. Steward Partners Investment Advisory LLC purchased a new position in shares of QuinStreet in the 4th quarter worth about $112,000. Finally, BankPlus Trust Department purchased a new position in shares of QuinStreet in the 4th quarter worth about $198,000. Hedge funds and other institutional investors own 97.83% of the company's stock.

QuinStreet Trading Down 2.3%

NASDAQ:QNST traded down $0.36 during trading hours on Friday, hitting $15.35. The stock had a trading volume of 677,027 shares, compared to its average volume of 503,366. The company has a market cap of $866.80 million, a PE ratio of -69.77 and a beta of 0.79. The business has a 50 day simple moving average of $16.98 and a two-hundred day simple moving average of $20.28. QuinStreet, Inc. has a 1-year low of $14.39 and a 1-year high of $26.27.

QuinStreet (NASDAQ:QNST - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The technology company reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.06 by $0.15. QuinStreet had a negative net margin of 1.31% and a negative return on equity of 4.13%. The firm had revenue of $269.84 million for the quarter, compared to the consensus estimate of $270.36 million. During the same quarter in the previous year, the firm posted $0.06 EPS. The firm's quarterly revenue was up 60.1% on a year-over-year basis. Research analysts expect that QuinStreet, Inc. will post 0.12 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on QNST shares. StockNews.com raised shares of QuinStreet from a "sell" rating to a "hold" rating in a research report on Monday, February 10th. Barrington Research reissued an "outperform" rating and issued a $29.00 price objective on shares of QuinStreet in a research report on Wednesday, April 23rd. Lake Street Capital reduced their target price on shares of QuinStreet from $27.00 to $19.00 and set a "hold" rating on the stock in a report on Thursday, May 8th. B. Riley reaffirmed a "buy" rating and set a $34.00 price target (up from $32.00) on shares of QuinStreet in a research report on Friday, February 7th. Finally, Stephens reiterated an "overweight" rating and issued a $31.00 price target on shares of QuinStreet in a report on Thursday, May 8th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $29.00.

Insider Transactions at QuinStreet

In other QuinStreet news, CFO Gregory Wong sold 8,516 shares of the company'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 of the company's stock, valued at $7,711,269.28. This represents a 2.46% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 5.00% of the company's stock.

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.