Northern Trust Corp Purchases 86,970 Shares of QuinStreet, Inc. (NASDAQ:QNST)

Northern Trust Corp lifted its stake in shares of QuinStreet, Inc. (NASDAQ:QNST - Free Report) by 15.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 652,650 shares of the technology company's stock after purchasing an additional 86,970 shares during the quarter. Northern Trust Corp owned 1.16% of QuinStreet worth $15,057,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Barclays PLC grew its holdings in QuinStreet by 149.7% during the 3rd quarter. Barclays PLC now owns 127,404 shares of the technology company's stock worth $2,436,000 after acquiring an additional 76,389 shares during the last quarter. SG Americas Securities LLC grew its holdings in QuinStreet by 1.8% during the 4th quarter. SG Americas Securities LLC now owns 26,060 shares of the technology company's stock worth $601,000 after acquiring an additional 459 shares during the last quarter. KBC Group NV grew its holdings 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 last quarter. State of Alaska Department of Revenue grew its holdings in QuinStreet by 1.4% during the 4th quarter. State of Alaska Department of Revenue now owns 31,976 shares of the technology company's stock worth $737,000 after acquiring an additional 432 shares during the last quarter. Finally, Louisiana State Employees Retirement System lifted its position in shares of QuinStreet by 1.9% in the 4th quarter. Louisiana State Employees Retirement System now owns 27,200 shares of the technology company's stock worth $628,000 after purchasing an additional 500 shares during the period. 97.83% of the stock is owned by institutional investors.

Analysts Set New Price Targets

QNST has been the topic of a number of recent analyst reports. StockNews.com upgraded shares of QuinStreet from a "sell" rating to a "hold" rating in a research report on Monday, February 10th. B. Riley restated a "buy" rating and issued a $34.00 price target (up previously from $32.00) on shares of QuinStreet in a research report on Friday, February 7th. Lake Street Capital dropped their target price on shares of QuinStreet from $27.00 to $19.00 and set a "hold" rating on the stock in a research report on Thursday, May 8th. Barrington Research reiterated an "outperform" rating and set a $29.00 target price on shares of QuinStreet in a research report on Wednesday, April 23rd. Finally, Stephens reiterated an "overweight" rating and set a $31.00 target price on shares of QuinStreet in a research report on Thursday, May 8th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, QuinStreet currently has an average rating of "Moderate Buy" and an average target price of $29.00.

QuinStreet Price Performance

Shares of QuinStreet stock traded down $0.10 during trading on Wednesday, reaching $15.53. 14,398 shares of the company traded hands, compared to its average volume of 506,734. QuinStreet, Inc. has a 1-year low of $14.39 and a 1-year high of $26.27. The company has a 50 day moving average price of $16.87 and a 200-day moving average price of $20.17. The firm has a market capitalization of $876.96 million, a PE ratio of -70.59 and a beta of 0.79.

QuinStreet (NASDAQ:QNST - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The technology company reported $0.21 EPS for the quarter, beating analysts' consensus estimates of $0.06 by $0.15. The business had revenue of $269.84 million during the quarter, compared to analyst estimates of $270.36 million. QuinStreet had a negative net margin of 1.31% and a negative return on equity of 4.13%. QuinStreet's quarterly revenue was up 60.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.06 EPS. Equities research analysts expect that QuinStreet, Inc. will post 0.12 earnings per share for the current year.

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.