QuinStreet, Inc. (NASDAQ:QNST) Shares Acquired by JPMorgan Chase & Co.

JPMorgan Chase & Co. increased its holdings in QuinStreet, Inc. (NASDAQ:QNST - Free Report) by 18.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 532,078 shares of the technology company's stock after acquiring an additional 82,489 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.95% of QuinStreet worth $12,275,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. State Street Corp increased its stake in QuinStreet by 2.1% in the third quarter. State Street Corp now owns 1,989,976 shares of the technology company's stock valued at $38,068,000 after purchasing an additional 41,538 shares during the period. Barclays PLC grew its holdings in shares of QuinStreet by 149.7% during the third quarter. Barclays PLC now owns 127,404 shares of the technology company's stock worth $2,436,000 after buying an additional 76,389 shares during the last quarter. Geode Capital Management LLC increased its position in QuinStreet by 3.0% in the 3rd quarter. Geode Capital Management LLC now owns 1,270,766 shares of the technology company's stock valued at $24,315,000 after acquiring an additional 36,963 shares during the period. Kings Path Partners LLC raised its stake in QuinStreet by 111.6% during the 4th quarter. Kings Path Partners LLC now owns 28,700 shares of the technology company's stock valued at $662,000 after acquiring an additional 15,138 shares during the last quarter. Finally, SG Americas Securities LLC lifted its position in QuinStreet by 1.8% during the 4th quarter. SG Americas Securities LLC now owns 26,060 shares of the technology company's stock worth $601,000 after acquiring an additional 459 shares during the period. Hedge funds and other institutional investors own 97.83% of the company's stock.

QuinStreet Trading Up 2.6 %

Shares of QNST traded up $0.41 during trading hours on Friday, reaching $16.07. The company had a trading volume of 380,388 shares, compared to its average volume of 471,813. QuinStreet, Inc. has a 12-month low of $14.39 and a 12-month high of $26.27. The firm has a 50 day simple moving average of $18.24 and a 200-day simple moving average of $20.53. The company has a market capitalization of $907.46 million, a price-to-earnings ratio of -73.05 and a beta of 0.91.

QuinStreet (NASDAQ:QNST - Get Free Report) last posted its quarterly earnings results on Thursday, February 6th. The technology company reported ($0.03) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.18 by ($0.21). QuinStreet had a negative net margin of 1.31% and a negative return on equity of 4.13%. Sell-side analysts forecast that QuinStreet, Inc. will post 0.12 earnings per share for the current year.

Analyst Upgrades and Downgrades

QNST has been the subject of several recent research reports. Barrington Research reaffirmed an "outperform" rating and set a $29.00 price target on shares of QuinStreet in a report on Wednesday, March 26th. B. Riley restated a "buy" rating and issued a $34.00 target price (up previously from $32.00) on shares of QuinStreet in a research note on Friday, February 7th. Lake Street Capital lifted their target price on shares of QuinStreet from $25.00 to $27.00 and gave the company a "hold" rating in a report on Friday, February 7th. Finally, StockNews.com raised shares of QuinStreet from a "sell" rating to a "hold" rating in a report on Monday, February 10th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, QuinStreet presently has a consensus rating of "Moderate Buy" and a consensus price target of $29.80.

Insider Activity

In other QuinStreet news, 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 transaction 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Gregory Wong sold 8,516 shares of the stock in a transaction that occurred 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 in the company, valued at $7,711,269.28. This represents a 2.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 5.00% of the company's stock.

QuinStreet Company 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.