120,000 Shares in QuinStreet, Inc. (NASDAQ:QNST) Acquired by Divisadero Street Capital Management LP

Divisadero Street Capital Management LP acquired a new stake in QuinStreet, Inc. (NASDAQ:QNST - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 120,000 shares of the technology company's stock, valued at approximately $2,768,000. Divisadero Street Capital Management LP owned about 0.21% of QuinStreet at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Invesco Ltd. boosted its holdings in QuinStreet by 177.8% in the fourth 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 last quarter. BNP Paribas Financial Markets boosted its stake in shares of QuinStreet by 537.4% in the fourth quarter. BNP Paribas Financial Markets now owns 332,763 shares of the technology company's stock worth $7,677,000 after buying an additional 280,554 shares during the last quarter. Oberweis Asset Management Inc. acquired a new stake in QuinStreet during the fourth quarter worth about $5,191,000. American Century Companies Inc. raised its position in 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 acquiring an additional 201,052 shares in the last quarter. Finally, Marshall Wace LLP acquired a new position in QuinStreet in the fourth quarter valued at approximately $4,174,000. Institutional investors and hedge funds own 97.83% of the company's stock.

Analyst Ratings Changes

QNST has been the topic of a number of analyst reports. Lake Street Capital dropped their price objective on shares of QuinStreet from $27.00 to $19.00 and set a "hold" rating on the stock in a research note on Thursday. B. Riley restated a "buy" rating and set a $34.00 price target (up previously from $32.00) on shares of QuinStreet in a research report on Friday, February 7th. Barrington Research reiterated an "outperform" rating and issued a $29.00 price objective on shares of QuinStreet in a research report on Wednesday, April 23rd. Stephens reissued an "overweight" rating and set a $31.00 target price on shares of QuinStreet in a research note on Thursday. Finally, StockNews.com upgraded QuinStreet from a "sell" rating to a "hold" rating in a research note on Monday, February 10th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $29.00.

Insider Activity at QuinStreet

In other news, 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 transaction of $194,846.08. Following the completion of the sale, the chief financial officer now owns 337,031 shares of the company's stock, valued at $7,711,269.28. This represents 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 through this hyperlink. 5.00% of the stock is owned by corporate insiders.

QuinStreet Stock Performance

Shares of QNST stock traded down $0.78 on Friday, reaching $14.86. 1,971,796 shares of the company were exchanged, compared to its average volume of 492,653. QuinStreet, Inc. has a 1 year low of $14.39 and a 1 year high of $26.27. The business has a 50-day moving average price of $17.16 and a 200 day moving average price of $20.35. The company has a market cap of $839.13 million, a price-to-earnings ratio of -67.55 and a beta of 0.79.

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

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.