Oberweis Asset Management Inc. bought a new position in QuinStreet, Inc. (NASDAQ:QNST - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 225,000 shares of the technology company's stock, valued at approximately $5,191,000. Oberweis Asset Management Inc. owned approximately 0.40% of QuinStreet at the end of the most recent reporting period.
Other large investors have also recently bought and sold shares of the company. Arcadia Investment Management Corp MI purchased a new stake in shares of QuinStreet in the fourth quarter worth $38,000. KBC Group NV raised its holdings in shares of QuinStreet by 64.5% in the 4th quarter. KBC Group NV now owns 3,562 shares of the technology company's stock valued at $82,000 after acquiring an additional 1,396 shares in the last quarter. PNC Financial Services Group Inc. boosted its position in shares of QuinStreet by 43.9% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,808 shares of the technology company's stock valued at $88,000 after acquiring an additional 1,162 shares during the last quarter. Steward Partners Investment Advisory LLC purchased a new position in shares of QuinStreet during the fourth quarter worth about $112,000. Finally, BankPlus Trust Department bought a new position in shares of QuinStreet in the fourth quarter worth approximately $198,000. 97.83% of the stock is owned by institutional investors.
Insiders Place Their Bets
In other QuinStreet news, CEO Douglas Valenti sold 10,000 shares of the stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $25.02, for a total value of $250,200.00. Following the completion of the sale, the chief executive officer now owns 1,836,754 shares in the company, valued at approximately $45,955,585.08. This trade represents a 0.54 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Gregory Wong sold 8,516 shares of the business's stock in a transaction that occurred 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 transaction, the chief financial officer now directly owns 337,031 shares in the company, valued at $7,711,269.28. This trade represents a 2.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 5.00% of the company's stock.
QuinStreet Stock Down 2.5 %
Shares of NASDAQ QNST traded down $0.45 during midday trading on Wednesday, reaching $17.32. The company had a trading volume of 154,399 shares, compared to its average volume of 474,112. The stock has a market cap of $978.04 million, a PE ratio of -78.73 and a beta of 0.91. QuinStreet, Inc. has a one year low of $14.39 and a one year high of $26.27. The firm's fifty day moving average price is $17.47 and its 200-day moving average price is $20.45.
QuinStreet (NASDAQ:QNST - Get Free Report) last announced its quarterly earnings data on Thursday, February 6th. The technology company reported ($0.03) earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.21). QuinStreet had a negative net margin of 1.31% and a negative return on equity of 4.13%. As a group, equities research analysts expect that QuinStreet, Inc. will post 0.12 EPS for the current year.
Analyst Ratings Changes
A number of equities analysts have commented on QNST shares. B. Riley reissued a "buy" rating and issued a $34.00 price target (up previously from $32.00) on shares of QuinStreet in a research note on Friday, February 7th. Barrington Research reissued an "outperform" rating and issued a $29.00 target price on shares of QuinStreet in a research note on Wednesday, April 23rd. StockNews.com upgraded QuinStreet from a "sell" rating to a "hold" rating in a report on Monday, February 10th. Finally, Lake Street Capital raised their price objective on QuinStreet from $25.00 to $27.00 and gave the company a "hold" rating in a report on Friday, February 7th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $29.80.
View Our Latest Research Report on QNST
QuinStreet Company Profile
(
Free Report)
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.
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