Bogle Investment Management L P DE bought a new stake in QuinStreet Inc (NASDAQ:QNST) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 173,501 shares of the technology company’s stock, valued at approximately $1,453,000. Bogle Investment Management L P DE owned 0.38% of QuinStreet as of its most recent SEC filing.
Other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. grew its position in QuinStreet by 22.3% during the 2nd quarter. Vanguard Group Inc. now owns 1,623,130 shares of the technology company’s stock worth $6,768,000 after purchasing an additional 296,222 shares in the last quarter. State Street Corp grew its holdings in shares of QuinStreet by 4.5% during the 2nd quarter. State Street Corp now owns 764,300 shares of the technology company’s stock valued at $3,184,000 after acquiring an additional 32,730 shares in the last quarter. Macquarie Group Ltd. purchased a new position in shares of QuinStreet during the 3rd quarter valued at $490,000. Schwab Charles Investment Management Inc. purchased a new position in shares of QuinStreet during the 3rd quarter valued at $441,000. Finally, Bailard Inc. purchased a new position in shares of QuinStreet during the 4th quarter valued at $470,000. 67.21% of the stock is currently owned by hedge funds and other institutional investors.
QNST has been the subject of a number of recent research reports. Zacks Investment Research upgraded shares of QuinStreet from a “hold” rating to a “buy” rating and set a $13.00 price objective for the company in a report on Friday, February 9th. Stephens reissued a “buy” rating and set a $11.50 target price on shares of QuinStreet in a research report on Thursday, February 1st. Finally, Barrington Research assumed coverage on shares of QuinStreet in a research report on Tuesday, November 28th. They set an “outperform” rating and a $12.50 price objective for the company.
QuinStreet Inc (QNST) traded down $0.20 during trading hours on Tuesday, reaching $13.54. 244,334 shares of the company traded hands, compared to its average volume of 637,460. The firm has a market capitalization of $652.83, a price-to-earnings ratio of 274.85, a PEG ratio of 3.14 and a beta of 0.89. QuinStreet Inc has a 52-week low of $3.15 and a 52-week high of $14.38.
QuinStreet (NASDAQ:QNST) last issued its quarterly earnings data on Wednesday, January 31st. The technology company reported $0.07 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.01 by $0.06. The firm had revenue of $87.49 million for the quarter, compared to analysts’ expectations of $75.18 million. QuinStreet had a net margin of 0.78% and a return on equity of 5.77%. The company’s quarterly revenue was up 33.3% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.04) earnings per share. research analysts forecast that QuinStreet Inc will post 0.18 earnings per share for the current year.
In other news, Director James R. Simons sold 229,717 shares of QuinStreet stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $12.53, for a total value of $2,878,354.01. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Douglas Valenti sold 50,000 shares of QuinStreet stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $12.52, for a total transaction of $626,000.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 741,367 shares of company stock worth $7,573,939. 24.10% of the stock is currently owned by company insiders.
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QuinStreet, Inc is an online performance marketing company. The Company provides vertically oriented customer acquisition programs for its clients. The Company operating segments include Direct Marketing Services (DMS) business. Its DMS business derives its net revenue from fees earned through the delivery of qualified leads, clicks, calls or customers, and display advertisements, or impressions.
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