QuinStreet, Inc. (NASDAQ:QNST) Shares Acquired by SVB Wealth LLC

SVB Wealth LLC lifted its stake in QuinStreet, Inc. (NASDAQ:QNST - Free Report) by 68.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 273,356 shares of the technology company's stock after purchasing an additional 110,766 shares during the period. SVB Wealth LLC owned about 0.50% of QuinStreet worth $3,504,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Thrivent Financial for Lutherans raised its position in QuinStreet by 21.9% during 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 purchasing an additional 840,745 shares in the last quarter. Private Capital Management LLC raised its holdings in shares of QuinStreet by 1.2% in the first quarter. Private Capital Management LLC now owns 3,820,831 shares of the technology company's stock valued at $60,637,000 after acquiring an additional 46,109 shares in the last quarter. Vanguard Group Inc. lifted its stake in QuinStreet by 1.2% in the third quarter. Vanguard Group Inc. now owns 3,638,715 shares of the technology company's stock worth $32,639,000 after acquiring an additional 41,801 shares during the period. William Blair Investment Management LLC grew its holdings in QuinStreet by 2.9% during the 3rd quarter. William Blair Investment Management LLC now owns 2,182,365 shares of the technology company's stock worth $19,576,000 after acquiring an additional 61,717 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in QuinStreet by 4.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,115,592 shares of the technology company's stock valued at $33,574,000 after purchasing an additional 87,371 shares during the period. Hedge funds and other institutional investors own 97.83% of the company's stock.

Insider Buying and Selling at QuinStreet

In other news, CFO Gregory Wong sold 8,407 shares of the business's stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $15.03, for a total transaction of $126,357.21. Following the sale, the chief financial officer now owns 295,204 shares in the company, valued at $4,436,916.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 5.30% of the stock is currently owned by company insiders.

QuinStreet Stock Performance

QNST traded down $0.24 during trading on Thursday, hitting $16.20. The stock had a trading volume of 346,670 shares, compared to its average volume of 382,993. The stock has a 50 day simple moving average of $16.07 and a two-hundred day simple moving average of $13.17. QuinStreet, Inc. has a twelve month low of $6.79 and a twelve month high of $17.76. The company has a market capitalization of $889.22 million, a PE ratio of -11.42 and a beta of 1.14.

QuinStreet (NASDAQ:QNST - Get Free Report) last issued its quarterly earnings data on Wednesday, February 7th. The technology company reported ($0.21) EPS for the quarter, missing the consensus estimate of ($0.16) by ($0.05). QuinStreet had a negative net margin of 14.28% and a negative return on equity of 32.98%. The business had revenue of $122.68 million for the quarter, compared to analysts' expectations of $116.46 million. On average, equities research analysts anticipate that QuinStreet, Inc. will post -0.41 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on QNST shares. Barrington Research reiterated an "outperform" rating and set a $16.00 price objective on shares of QuinStreet in a research note on Thursday, February 8th. Stephens increased their target price on QuinStreet from $17.00 to $18.00 and gave the company an "overweight" rating in a research report on Friday, March 15th. Finally, StockNews.com raised QuinStreet to a "sell" rating in a research report on Saturday, April 13th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target 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.