Assenagon Asset Management S.A. Buys 168,235 Shares of QuinStreet, Inc. (NASDAQ:QNST)

Assenagon Asset Management S.A. raised its position in shares of QuinStreet, Inc. (NASDAQ:QNST - Free Report) by 1,634.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 178,531 shares of the technology company's stock after acquiring an additional 168,235 shares during the period. Assenagon Asset Management S.A. owned approximately 0.33% of QuinStreet worth $2,289,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Thrivent Financial for Lutherans raised its position in QuinStreet by 21.9% in the 1st quarter. Thrivent Financial for Lutherans now owns 4,680,263 shares of the technology company's stock valued at $74,276,000 after buying an additional 840,745 shares during the last quarter. FMR LLC increased its position in shares of QuinStreet by 46.8% during the 3rd quarter. FMR LLC now owns 1,814,168 shares of the technology company's stock worth $16,273,000 after purchasing an additional 578,228 shares during the last quarter. UBS Group AG increased its position in shares of QuinStreet by 566.6% during the 1st quarter. UBS Group AG now owns 423,822 shares of the technology company's stock worth $4,917,000 after purchasing an additional 360,242 shares during the last quarter. Silvercrest Asset Management Group LLC increased its position in shares of QuinStreet by 63.2% during the 2nd quarter. Silvercrest Asset Management Group LLC now owns 866,172 shares of the technology company's stock worth $7,648,000 after purchasing an additional 335,452 shares during the last quarter. Finally, Jacobs Asset Management LLC increased its position in shares of QuinStreet by 61.0% during the 2nd quarter. Jacobs Asset Management LLC now owns 665,000 shares of the technology company's stock worth $5,872,000 after purchasing an additional 251,868 shares during the last quarter. Institutional investors and hedge funds own 97.83% of the company's stock.

Insider Activity at QuinStreet

In other QuinStreet news, CFO Gregory Wong sold 8,407 shares of the business's stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $15.03, for a total transaction of $126,357.21. Following the completion of the sale, the chief financial officer now owns 295,204 shares in the company, valued at approximately $4,436,916.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 5.30% of the stock is owned by corporate insiders.

QuinStreet Trading Down 0.4 %

QNST traded down $0.06 on Thursday, reaching $16.94. The stock had a trading volume of 207,708 shares, compared to its average volume of 392,762. QuinStreet, Inc. has a fifty-two week low of $6.79 and a fifty-two week high of $17.69. The firm has a 50-day moving average of $15.29 and a 200-day moving average of $12.62. The company has a market capitalization of $929.84 million, a price-to-earnings ratio of -11.76 and a beta of 1.14.

QuinStreet (NASDAQ:QNST - Get Free Report) last issued its quarterly earnings results on Wednesday, February 7th. The technology company reported ($0.21) earnings per share for the quarter, missing the consensus estimate of ($0.16) by ($0.05). The company had revenue of $122.68 million during the quarter, compared to analyst estimates of $116.46 million. QuinStreet had a negative net margin of 14.28% and a negative return on equity of 32.98%. Sell-side analysts anticipate that QuinStreet, Inc. will post -0.41 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

QNST has been the topic of a number of recent analyst reports. Stephens boosted their target price on QuinStreet from $17.00 to $18.00 and gave the stock an "overweight" rating in a report on Friday, March 15th. StockNews.com upgraded QuinStreet to a "sell" rating in a research note on Tuesday, March 12th. Finally, Barrington Research reiterated an "outperform" rating and set a $16.00 target price on shares of QuinStreet in a research report on Thursday, February 8th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $15.75.

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.