G2 Investment Partners Management LLC Takes $7.20 Million Position in QuinStreet, Inc. (NASDAQ:QNST)

G2 Investment Partners Management LLC acquired a new stake in QuinStreet, Inc. (NASDAQ:QNST - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 312,216 shares of the technology company's stock, valued at approximately $7,203,000. QuinStreet makes up approximately 1.9% of G2 Investment Partners Management LLC's holdings, making the stock its 22nd biggest position. G2 Investment Partners Management LLC owned 0.55% of QuinStreet as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of QNST. Barclays PLC raised its position in shares of QuinStreet by 149.7% during the 3rd quarter. Barclays PLC now owns 127,404 shares of the technology company's stock valued at $2,436,000 after acquiring an additional 76,389 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in QuinStreet by 39.7% during the third quarter. JPMorgan Chase & Co. now owns 449,589 shares of the technology company's stock worth $8,601,000 after purchasing an additional 127,689 shares during the last quarter. SG Americas Securities LLC grew its stake in QuinStreet by 1.8% in the fourth quarter. SG Americas Securities LLC now owns 26,060 shares of the technology company's stock valued at $601,000 after purchasing an additional 459 shares in the last quarter. KBC Group NV increased its stake in shares of QuinStreet by 64.5% during the 4th quarter. KBC Group NV now owns 3,562 shares of the technology company's stock worth $82,000 after purchasing an additional 1,396 shares during the last quarter. Finally, State of Alaska Department of Revenue raised its stake in QuinStreet by 1.4% in the 4th quarter. State of Alaska Department of Revenue now owns 31,976 shares of the technology company's stock valued at $737,000 after acquiring an additional 432 shares during the period. 97.83% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other QuinStreet news, CFO Gregory Wong sold 8,516 shares of the company's stock in a transaction dated 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 directly owns 337,031 shares in the company, 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 SEC, which is available at this hyperlink. Insiders own 5.00% of the company's stock.

QuinStreet Stock Up 4.5%

Shares of NASDAQ QNST traded up $0.70 during mid-day trading on Tuesday, reaching $16.38. 1,051,512 shares of the company were exchanged, compared to its average volume of 501,580. QuinStreet, Inc. has a 52 week low of $14.39 and a 52 week high of $26.27. The company's 50 day moving average price is $17.10 and its 200 day moving average price is $20.36. The stock has a market capitalization of $924.96 million, a PE ratio of -74.45 and a beta of 0.79.

QuinStreet (NASDAQ:QNST - Get Free Report) last issued 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. The firm 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%. The company's revenue was up 60.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.06 earnings per share. On average, sell-side analysts predict that QuinStreet, Inc. will post 0.12 earnings per share for the current year.

Analyst Ratings Changes

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

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.