Intrinsic Edge Capital Management LLC Invests $3.69 Million in QuinStreet, Inc. (NASDAQ:QNST)

Intrinsic Edge Capital Management LLC purchased a new stake in shares of QuinStreet, Inc. (NASDAQ:QNST - Free Report) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 160,000 shares of the technology company's stock, valued at approximately $3,691,000. Intrinsic Edge Capital Management LLC owned approximately 0.28% of QuinStreet at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. raised its stake in shares of QuinStreet by 39.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 449,589 shares of the technology company's stock valued at $8,601,000 after purchasing an additional 127,689 shares in the last quarter. Barclays PLC increased its holdings in shares of QuinStreet by 149.7% in 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. Geode Capital Management LLC lifted its position in shares of QuinStreet by 3.0% in the 3rd quarter. Geode Capital Management LLC now owns 1,270,766 shares of the technology company's stock worth $24,315,000 after buying an additional 36,963 shares during the last quarter. Allspring Global Investments Holdings LLC acquired a new stake in shares of QuinStreet during the 4th quarter worth approximately $486,000. Finally, Arrowstreet Capital Limited Partnership lifted its stake in QuinStreet by 45.3% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 381,941 shares of the technology company's stock valued at $8,811,000 after buying an additional 119,154 shares during the last quarter. Institutional investors and hedge funds own 97.83% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. Lake Street Capital increased their target price on shares of QuinStreet from $25.00 to $27.00 and gave the company a "hold" rating in a research report on Friday, February 7th. B. Riley reissued a "buy" rating and set a $34.00 target price (up previously from $32.00) on shares of QuinStreet in a report on Friday, February 7th. Barrington Research reiterated an "outperform" rating and set a $29.00 price target on shares of QuinStreet in a research report on Wednesday, April 23rd. Finally, StockNews.com upgraded shares of QuinStreet from a "sell" rating to a "hold" rating in a research report 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 data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $29.80.

Insiders Place Their Bets

In other QuinStreet news, CFO Gregory Wong sold 8,516 shares of the firm's stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $22.88, for a total value of $194,846.08. Following the completion of the sale, the chief financial officer now owns 337,031 shares in the company, valued at approximately $7,711,269.28. This trade represents a 2.46 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Douglas Valenti sold 10,000 shares of the firm's stock in a transaction dated 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 owns 1,836,754 shares in the company, valued at approximately $45,955,585.08. This represents a 0.54 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 5.00% of the company's stock.

QuinStreet Price Performance

Shares of QuinStreet stock traded up $0.98 during midday trading on Thursday, hitting $18.50. The company had a trading volume of 423,522 shares, compared to its average volume of 472,734. QuinStreet, Inc. has a 1-year low of $14.39 and a 1-year high of $26.27. The business's 50 day simple moving average is $17.42 and its two-hundred day simple moving average is $20.43. The stock has a market cap of $1.04 billion, a PE ratio of -84.20 and a beta of 0.91.

QuinStreet (NASDAQ:QNST - Get Free Report) last issued its quarterly earnings results on Thursday, February 6th. The technology company reported ($0.03) earnings per share (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%. On average, sell-side analysts expect that QuinStreet, Inc. will post 0.12 EPS for the current fiscal 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.