QuinStreet, Inc. (NASDAQ:QNST) Position Increased by Invesco Ltd.

Invesco Ltd. boosted its holdings in QuinStreet, Inc. (NASDAQ:QNST - Free Report) by 177.8% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 946,108 shares of the technology company's stock after purchasing an additional 605,500 shares during the quarter. Invesco Ltd. owned about 1.68% of QuinStreet worth $21,827,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. State Street Corp boosted its position in shares of QuinStreet by 2.1% in the 3rd quarter. State Street Corp now owns 1,989,976 shares of the technology company's stock valued at $38,068,000 after purchasing an additional 41,538 shares during the period. Barclays PLC raised its stake in shares of 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 buying an additional 76,389 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of QuinStreet by 3.0% in the 3rd quarter. Geode Capital Management LLC now owns 1,270,766 shares of the technology company's stock worth $24,315,000 after buying an additional 36,963 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in QuinStreet by 39.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 449,589 shares of the technology company's stock valued at $8,601,000 after acquiring an additional 127,689 shares in the last quarter. Finally, Kings Path Partners LLC lifted its holdings in shares of QuinStreet by 111.6% in the fourth quarter. Kings Path Partners LLC now owns 28,700 shares of the technology company's stock valued at $662,000 after purchasing an additional 15,138 shares in the last quarter. Institutional investors and hedge funds own 97.83% of the company's stock.

Insider Buying and Selling

In other news, CFO Gregory Wong sold 8,516 shares of the 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 completion of 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Douglas Valenti sold 10,000 shares of the company's 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 of the company's stock, valued at $45,955,585.08. This trade represents a 0.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 5.00% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the stock. StockNews.com raised shares of QuinStreet from a "sell" rating to a "hold" rating in a research report on Monday, February 10th. Lake Street Capital raised their price target on QuinStreet from $25.00 to $27.00 and gave the stock a "hold" rating in a research note on Friday, February 7th. Barrington Research reissued an "outperform" rating and set a $29.00 price objective on shares of QuinStreet in a research note on Wednesday. Finally, B. Riley restated a "buy" rating and set a $34.00 price target (up from $32.00) on shares of QuinStreet in a research note on Friday, February 7th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, QuinStreet has an average rating of "Moderate Buy" and an average target price of $29.80.

QuinStreet Stock Performance

Shares of QNST stock traded up $0.20 during trading hours on Thursday, hitting $17.09. 39,009 shares of the company were exchanged, compared to its average volume of 473,451. The stock has a market capitalization of $965.11 million, a price-to-earnings ratio of -77.61 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 business's 50-day simple moving average is $17.86 and its two-hundred day simple moving average is $20.47.

QuinStreet (NASDAQ:QNST - Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The technology company reported ($0.03) EPS for the quarter, missing analysts' consensus estimates of $0.18 by ($0.21). QuinStreet had a negative return on equity of 4.13% and a negative net margin of 1.31%. As a group, analysts anticipate that QuinStreet, Inc. will post 0.12 EPS for the current fiscal year.

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.