180,925 Shares in QuinStreet, Inc. (NASDAQ:QNST) Purchased by Marshall Wace LLP

Marshall Wace LLP 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 Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 180,925 shares of the technology company's stock, valued at approximately $4,174,000. Marshall Wace LLP owned approximately 0.32% of QuinStreet as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Jump Financial LLC purchased a new stake in QuinStreet during the 4th quarter valued at $965,000. Portolan Capital Management LLC increased its holdings in 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 buying an additional 115,522 shares in the last quarter. XTX Topco Ltd bought a new position in QuinStreet during the 4th quarter valued at about $237,000. Barclays PLC grew its stake in shares of QuinStreet by 21.0% in the fourth quarter. Barclays PLC now owns 154,189 shares of the technology company's stock worth $3,557,000 after acquiring an additional 26,785 shares during the period. Finally, Next Century Growth Investors LLC lifted its position in QuinStreet by 7.8% during the fourth quarter. Next Century Growth Investors LLC now owns 819,630 shares of the technology company's stock valued at $18,909,000 after purchasing an additional 59,572 shares during the period. Institutional investors own 97.83% of the company's stock.

Analysts Set New Price Targets

A number of research firms have commented on QNST. Barrington Research reiterated an "outperform" rating and set a $29.00 target price on shares of QuinStreet in a research note on Wednesday, April 23rd. Lake Street Capital upped their price objective on 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 issued a $34.00 target price (up previously from $32.00) on shares of QuinStreet in a report on Friday, February 7th. Finally, StockNews.com upgraded QuinStreet from a "sell" rating to a "hold" rating in a research note on Monday, February 10th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $29.80.

Insider Buying and Selling

In other QuinStreet news, CFO Gregory Wong sold 8,516 shares of the business's stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $22.88, for a total value of $194,846.08. Following the sale, the chief financial officer now owns 337,031 shares in the company, valued at $7,711,269.28. The trade was a 2.46 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 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 transaction, the chief executive officer now owns 1,836,754 shares of the company's stock, valued at approximately $45,955,585.08. The trade was a 0.54 % decrease in their position. The disclosure for this sale can be found here. 5.00% of the stock is owned by insiders.

QuinStreet Stock Down 1.4 %

NASDAQ:QNST traded down $0.25 during mid-day trading on Wednesday, hitting $17.52. 440,250 shares of the company traded hands, compared to its average volume of 472,808. The stock's fifty day moving average price is $17.42 and its 200-day moving average price is $20.43. QuinStreet, Inc. has a one year low of $14.39 and a one year high of $26.27. The firm has a market cap of $989.34 million, a price-to-earnings ratio of -79.64 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 for the quarter, missing analysts' consensus estimates of $0.18 by ($0.21). QuinStreet had a negative return on equity of 4.13% and a negative net margin of 1.31%. Equities analysts predict that QuinStreet, Inc. will post 0.12 EPS for the current year.

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.