Jump Financial LLC purchased a new stake in shares of QuinStreet, Inc. (NASDAQ:QNST - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 41,850 shares of the technology company's stock, valued at approximately $965,000. Jump Financial LLC owned 0.07% of QuinStreet as of its most recent filing with the Securities & Exchange Commission.
Other large investors have also added to or reduced their stakes in the company. Portolan Capital Management LLC raised its holdings in shares of QuinStreet by 14.4% in the 4th quarter. Portolan Capital Management LLC now owns 917,215 shares of the technology company's stock worth $21,160,000 after purchasing an additional 115,522 shares during the period. XTX Topco Ltd purchased a new stake in QuinStreet during the fourth quarter valued at about $237,000. Barclays PLC raised its position in shares of QuinStreet by 21.0% in the fourth quarter. Barclays PLC now owns 154,189 shares of the technology company's stock valued at $3,557,000 after purchasing an additional 26,785 shares during the period. Next Century Growth Investors LLC lifted its stake in shares of QuinStreet by 7.8% during the 4th quarter. Next Century Growth Investors LLC now owns 819,630 shares of the technology company's stock valued at $18,909,000 after buying an additional 59,572 shares in the last quarter. Finally, Ranger Investment Management L.P. raised its holdings in QuinStreet by 107.0% during the 4th quarter. Ranger Investment Management L.P. now owns 285,705 shares of the technology company's stock valued at $6,591,000 after acquiring an additional 147,705 shares during the period. Hedge funds and other institutional investors own 97.83% of the company's stock.
Wall Street Analyst Weigh In
A number of analysts recently issued reports on QNST shares. StockNews.com raised QuinStreet from a "sell" rating to a "hold" rating in a report on Monday, February 10th. Lake Street Capital increased their price target on shares of QuinStreet from $25.00 to $27.00 and gave the stock a "hold" rating in a report on Friday, February 7th. B. Riley reaffirmed 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. Finally, Barrington Research reiterated an "outperform" rating and issued a $29.00 target price on shares of QuinStreet in a research note on Wednesday. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, QuinStreet presently has an average rating of "Moderate Buy" and an average target price of $29.80.
Check Out Our Latest Research Report on QuinStreet
Insider Activity
In other 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 transaction, the chief financial officer now directly owns 337,031 shares of the company's stock, valued at approximately $7,711,269.28. This represents a 2.46 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Douglas Valenti sold 10,000 shares of the business'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 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. Insiders own 5.00% of the company's stock.
QuinStreet Price Performance
QNST stock traded up $0.29 during midday trading on Friday, reaching $17.57. The company had a trading volume of 244,005 shares, compared to its average volume of 475,570. The firm has a 50-day moving average price of $17.64 and a 200-day moving average price of $20.48. The company has a market capitalization of $992.16 million, a P/E ratio of -79.86 and a beta of 0.91. QuinStreet, Inc. has a 1 year low of $14.39 and a 1 year high of $26.27.
QuinStreet (NASDAQ:QNST - Get Free Report) last released its quarterly earnings results on Thursday, February 6th. The technology company reported ($0.03) earnings per share 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%. On average, equities analysts predict that QuinStreet, Inc. will post 0.12 EPS for the current year.
QuinStreet Profile
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Free Report)
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.
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