Schonfeld Strategic Advisors LLC Boosts Holdings in QuinStreet, Inc. (NASDAQ:QNST)

Schonfeld Strategic Advisors LLC lifted its holdings in shares of QuinStreet, Inc. (NASDAQ:QNST - Free Report) by 130.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 39,900 shares of the technology company's stock after acquiring an additional 22,600 shares during the period. Schonfeld Strategic Advisors LLC owned approximately 0.07% of QuinStreet worth $920,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in QNST. Barclays PLC grew its position in QuinStreet by 149.7% in the 3rd quarter. Barclays PLC now owns 127,404 shares of the technology company's stock worth $2,436,000 after purchasing an additional 76,389 shares in the last quarter. JPMorgan Chase & Co. grew its position in QuinStreet by 39.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 449,589 shares of the technology company's stock worth $8,601,000 after purchasing an additional 127,689 shares in the last quarter. SG Americas Securities LLC grew its position in QuinStreet by 1.8% in the 4th quarter. SG Americas Securities LLC now owns 26,060 shares of the technology company's stock worth $601,000 after purchasing an additional 459 shares in the last quarter. KBC Group NV grew its position in QuinStreet by 64.5% in the 4th quarter. KBC Group NV now owns 3,562 shares of the technology company's stock worth $82,000 after purchasing an additional 1,396 shares in the last quarter. Finally, State of Alaska Department of Revenue grew its position in QuinStreet by 1.4% in the 4th quarter. State of Alaska Department of Revenue now owns 31,976 shares of the technology company's stock worth $737,000 after purchasing an additional 432 shares in the last quarter. 97.83% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Lake Street Capital reduced their price objective on shares of QuinStreet from $27.00 to $19.00 and set a "hold" rating for the company in a research report on Thursday. Stephens reissued an "overweight" rating and set a $31.00 target price on shares of QuinStreet in a research report on Thursday. StockNews.com upgraded shares of QuinStreet from a "sell" rating to a "hold" rating in a research note on Monday, February 10th. Barrington Research restated an "outperform" rating and set a $29.00 price target on shares of QuinStreet in a research note on Wednesday, April 23rd. 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 investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $29.00.

Insider Activity at QuinStreet

In other QuinStreet news, CFO Gregory Wong sold 8,516 shares of the firm's stock in a transaction 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 sale, the chief financial officer now owns 337,031 shares of the company's stock, valued at $7,711,269.28. This trade represents a 2.46% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 5.00% of the stock is owned by insiders.

QuinStreet Trading Up 5.5%

Shares of QuinStreet stock traded up $0.82 on Monday, hitting $15.68. 2,115,259 shares of the company traded hands, compared to its average volume of 499,380. The firm's 50-day simple moving average is $17.16 and its 200 day simple moving average is $20.38. The company has a market cap of $885.43 million, a P/E ratio of -71.27 and a beta of 0.79. QuinStreet, Inc. has a 12-month low of $14.39 and a 12-month high of $26.27.

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