Northern Trust Corp Boosts Stock Position in QuinStreet, Inc. (NASDAQ:QNST)

Northern Trust Corp lifted its holdings in QuinStreet, Inc. (NASDAQ:QNST - Free Report) by 15.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 652,650 shares of the technology company's stock after purchasing an additional 86,970 shares during the quarter. Northern Trust Corp owned about 1.16% of QuinStreet worth $15,057,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in QNST. Arcadia Investment Management Corp MI acquired a new stake in QuinStreet during the 4th quarter worth about $38,000. KBC Group NV lifted its position in QuinStreet by 64.5% during the 4th quarter. KBC Group NV now owns 3,562 shares of the technology company's stock worth $82,000 after acquiring an additional 1,396 shares during the period. PNC Financial Services Group Inc. lifted its position in QuinStreet by 43.9% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,808 shares of the technology company's stock worth $88,000 after acquiring an additional 1,162 shares during the period. Steward Partners Investment Advisory LLC acquired a new position in shares of QuinStreet in the 4th quarter valued at about $112,000. Finally, BankPlus Trust Department acquired a new position in shares of QuinStreet in the 4th quarter valued at about $198,000. Institutional investors and hedge funds own 97.83% of the company's stock.

QuinStreet Trading Down 3.0%

NASDAQ:QNST opened at $15.16 on Thursday. QuinStreet, Inc. has a 12 month low of $14.39 and a 12 month high of $26.27. The stock has a 50 day moving average of $16.82 and a two-hundred day moving average of $20.14. The firm has a market cap of $856.07 million, a P/E ratio of -68.91 and a beta of 0.79.

QuinStreet (NASDAQ:QNST - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The technology company reported $0.21 EPS for the quarter, topping the consensus estimate of $0.06 by $0.15. QuinStreet had a negative return on equity of 4.13% and a negative net margin of 1.31%. The company had revenue of $269.84 million during the quarter, compared to analyst estimates of $270.36 million. During the same period in the previous year, the business earned $0.06 EPS. QuinStreet's quarterly revenue was up 60.1% on a year-over-year basis. On average, research 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 analyst reports. Barrington Research reissued an "outperform" rating and issued a $29.00 price objective on shares of QuinStreet in a report on Wednesday, April 23rd. Lake Street Capital decreased their price objective on QuinStreet from $27.00 to $19.00 and set a "hold" rating for the company in a report on Thursday, May 8th. StockNews.com raised QuinStreet from a "sell" rating to a "hold" rating in a report on Monday, February 10th. B. Riley reaffirmed a "buy" rating and issued a $34.00 price target (up previously from $32.00) on shares of QuinStreet in a report on Friday, February 7th. Finally, Stephens reaffirmed an "overweight" rating and issued a $31.00 price target on shares of QuinStreet in a report on Thursday, May 8th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $29.00.

About QuinStreet

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.