Ellington Management Group LLC bought a new position in shares of QuinStreet Inc (NASDAQ:QNST) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 48,900 shares of the technology company’s stock, valued at approximately $410,000. Ellington Management Group LLC owned 0.11% of QuinStreet at the end of the most recent quarter.
Other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in shares of QuinStreet by 22.3% during the second 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 during the period. State Street Corp boosted its holdings in shares of QuinStreet by 4.5% during the second quarter. State Street Corp now owns 764,300 shares of the technology company’s stock worth $3,184,000 after purchasing an additional 32,730 shares during the period. Macquarie Group Ltd. purchased a new stake in shares of QuinStreet during the third quarter worth about $490,000. Schwab Charles Investment Management Inc. purchased a new stake in shares of QuinStreet during the third quarter worth about $441,000. Finally, Spark Investment Management LLC boosted its holdings in shares of QuinStreet by 50.4% during the fourth quarter. Spark Investment Management LLC now owns 143,300 shares of the technology company’s stock worth $1,200,000 after purchasing an additional 48,000 shares during the period. Institutional investors own 67.28% of the company’s stock.
In other QuinStreet news, Director James R. Simons sold 229,717 shares of the firm’s stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $12.53, for a total transaction of $2,878,354.01. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director James R. Simons sold 229,627 shares of the firm’s stock in a transaction that occurred on Thursday, January 18th. The shares were sold at an average price of $9.00, for a total transaction of $2,066,643.00. The disclosure for this sale can be found here. Insiders have sold 862,358 shares of company stock valued at $10,388,404 in the last ninety days. Insiders own 24.10% of the company’s stock.
A number of analysts have recently weighed in on QNST shares. Stephens reiterated a “buy” rating and set a $11.50 target price on shares of QuinStreet in a report on Thursday, February 1st. 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. Barrington Research restated a “buy” rating and issued a $15.00 price objective on shares of QuinStreet in a report on Tuesday, March 20th. BidaskClub lowered shares of QuinStreet from a “strong-buy” rating to a “buy” rating in a report on Friday, March 30th. Finally, ValuEngine upgraded shares of QuinStreet from a “hold” rating to a “buy” rating in a report on Monday, April 2nd. Five analysts have rated the stock with a buy rating, The stock presently has a consensus rating of “Buy” and a consensus target price of $13.17.
QNST traded down $0.43 on Friday, hitting $12.38. The company had a trading volume of 602,216 shares, compared to its average volume of 677,211. QuinStreet Inc has a 52-week low of $3.36 and a 52-week high of $14.65. The firm has a market capitalization of $592.26, a PE ratio of -206.33, a price-to-earnings-growth ratio of 2.85 and a beta of 0.91.
QuinStreet (NASDAQ:QNST) last issued its quarterly earnings data on Wednesday, January 31st. The technology company reported $0.07 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.01 by $0.06. QuinStreet had a net margin of 0.78% and a return on equity of 5.77%. The business had revenue of $87.49 million during the quarter, compared to analyst estimates of $75.18 million. During the same period last year, the business posted ($0.04) earnings per share. QuinStreet’s quarterly revenue was up 33.3% compared to the same quarter last year. analysts anticipate that QuinStreet Inc will post 0.18 earnings per share for the current fiscal year.
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QuinStreet Company Profile
QuinStreet, Inc, an Internet performance marketing and media company, provides customer acquisition services for its clients in the United States and internationally. It offers online marketing services to its clients in the form of qualified leads, inquiries, clicks, calls, applications, customers, display advertisements, or impressions through its Websites or third-party publishers.
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