Hood River Capital Management LLC Cuts Stock Position in QuinStreet, Inc. (NASDAQ:QNST)

Hood River Capital Management LLC lessened its stake in shares of QuinStreet, Inc. (NASDAQ:QNST - Free Report) by 11.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 334,175 shares of the technology company's stock after selling 44,688 shares during the quarter. Hood River Capital Management LLC owned about 0.59% of QuinStreet worth $7,709,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. JPMorgan Chase & Co. boosted its holdings in shares of QuinStreet by 39.7% in the third quarter. JPMorgan Chase & Co. now owns 449,589 shares of the technology company's stock worth $8,601,000 after buying an additional 127,689 shares during the last quarter. Barclays PLC raised its stake in QuinStreet by 149.7% during the 3rd quarter. Barclays PLC now owns 127,404 shares of the technology company's stock worth $2,436,000 after acquiring an additional 76,389 shares during the period. Geode Capital Management LLC raised its stake in QuinStreet by 3.0% during the 3rd quarter. Geode Capital Management LLC now owns 1,270,766 shares of the technology company's stock worth $24,315,000 after acquiring an additional 36,963 shares during the period. Allspring Global Investments Holdings LLC bought a new stake in QuinStreet during the 4th quarter worth approximately $486,000. Finally, Arrowstreet Capital Limited Partnership raised its stake in QuinStreet by 45.3% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 381,941 shares of the technology company's stock worth $8,811,000 after acquiring an additional 119,154 shares during the period. Hedge funds and other institutional investors own 97.83% of the company's stock.

Insider Buying and Selling at QuinStreet

In other QuinStreet news, CFO Gregory Wong sold 8,516 shares of the business's stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $22.88, for a total transaction of $194,846.08. Following the transaction, the chief financial officer now owns 337,031 shares of the company's stock, valued at approximately $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 SEC, which is accessible through the SEC website. Also, CEO Douglas Valenti sold 10,000 shares of the company's stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $25.02, for a total value of $250,200.00. Following the completion of the transaction, the chief executive officer now directly owns 1,836,754 shares in the company, valued at approximately $45,955,585.08. This trade represents a 0.54 % decrease in their position. The disclosure for this sale can be found here. 5.00% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. Lake Street Capital increased their price target on shares of QuinStreet from $25.00 to $27.00 and gave the company a "hold" rating in a report on Friday, February 7th. StockNews.com raised shares of QuinStreet from a "sell" rating to a "hold" rating in a research report on Monday, February 10th. B. Riley reaffirmed a "buy" rating and set a $34.00 target price (up from $32.00) on shares of QuinStreet in a research report on Friday, February 7th. Finally, Barrington Research reissued an "outperform" rating and set a $29.00 price objective on shares of QuinStreet in a report on Wednesday, April 23rd. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $29.80.

QuinStreet Stock Performance

QuinStreet stock traded up $0.13 during midday trading on Tuesday, hitting $17.51. 98,295 shares of the company were exchanged, compared to its average volume of 473,756. The firm has a market capitalization of $988.49 million, a PE ratio of -79.30 and a beta of 0.91. QuinStreet, Inc. has a fifty-two week low of $14.39 and a fifty-two week high of $26.27. The business has a fifty day simple moving average of $17.54 and a two-hundred day simple moving average of $20.47.

QuinStreet (NASDAQ:QNST - Get Free Report) last issued its quarterly earnings data 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 net margin of 1.31% and a negative return on equity of 4.13%. As a group, equities analysts expect that QuinStreet, Inc. will post 0.12 earnings per share for the current year.

About QuinStreet

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.