Dimensional Fund Advisors LP lowered its stake in QuinStreet, Inc. (NASDAQ:QNST - Free Report) by 6.1% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,391,777 shares of the technology company's stock after selling 90,706 shares during the period. Dimensional Fund Advisors LP owned approximately 2.47% of QuinStreet worth $32,110,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds also recently modified their holdings of the company. Invesco Ltd. raised its stake in QuinStreet by 177.8% during the 4th quarter. Invesco Ltd. now owns 946,108 shares of the technology company's stock valued at $21,827,000 after purchasing an additional 605,500 shares during the period. American Century Companies Inc. grew its holdings in shares of QuinStreet by 9.9% during the fourth quarter. American Century Companies Inc. now owns 2,228,568 shares of the technology company's stock valued at $51,413,000 after buying an additional 201,052 shares in the last quarter. Marshall Wace LLP acquired a new position in QuinStreet during the fourth quarter valued at $4,174,000. SVB Wealth LLC purchased a new stake in QuinStreet in the 4th quarter worth about $3,508,000. Finally, Ranger Investment Management L.P. boosted its position in QuinStreet by 107.0% during the 4th 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 during the period. Institutional investors and hedge funds own 97.83% of the company's stock.
Insider Activity
In other QuinStreet news, CFO Gregory Wong sold 8,516 shares of QuinStreet stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $22.88, for a total transaction of $194,846.08. Following the sale, the chief financial officer now owns 337,031 shares in the company, valued at $7,711,269.28. The trade was a 2.46 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 5.00% of the stock is owned by company insiders.
QuinStreet Stock Performance
Shares of NASDAQ:QNST traded down $0.78 during midday trading on Friday, hitting $14.86. The company's stock had a trading volume of 1,971,796 shares, compared to its average volume of 495,496. The stock's 50 day simple moving average is $17.24 and its 200 day simple moving average is $20.38. The stock has a market capitalization of $839.13 million, a price-to-earnings ratio of -67.55 and a beta of 0.79. QuinStreet, Inc. has a fifty-two week low of $14.39 and a fifty-two week high of $26.27.
QuinStreet (NASDAQ:QNST - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The technology company reported $0.21 EPS for the quarter, topping analysts' consensus estimates of $0.06 by $0.15. QuinStreet had a negative return on equity of 4.13% and a negative net margin of 1.31%. The company had revenue of $269.84 million during the quarter, compared to analyst estimates of $270.36 million. During the same period in the previous year, the company earned $0.06 earnings per share. The company's quarterly revenue was up 60.1% compared to the same quarter last year. As a group, analysts anticipate that QuinStreet, Inc. will post 0.12 EPS for the current year.
Analyst Ratings Changes
A number of equities research analysts have issued reports on the stock. StockNews.com upgraded shares of QuinStreet from a "sell" rating to a "hold" rating in a research report on Monday, February 10th. B. Riley reissued a "buy" rating and set a $34.00 price objective (up previously from $32.00) on shares of QuinStreet in a research report on Friday, February 7th. Barrington Research reiterated an "outperform" rating and set a $29.00 price target on shares of QuinStreet in a report on Wednesday, April 23rd. Lake Street Capital decreased their price objective on shares of QuinStreet from $27.00 to $19.00 and set a "hold" rating for the company in a report on Thursday. Finally, Stephens restated an "overweight" rating and set a $31.00 target price on shares of QuinStreet in a report on Thursday. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, QuinStreet has a consensus rating of "Moderate Buy" and an average target price of $29.00.
View Our Latest Stock Analysis on QuinStreet
QuinStreet Company Profile
(
Free Report)
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.
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