Royce & Associates LP lifted its position in shares of QuinStreet, Inc. (NASDAQ:QNST) by 6.0% during the 4th quarter, Holdings Channel reports. The firm owned 1,263,555 shares of the technology company’s stock after purchasing an additional 71,500 shares during the quarter. Royce & Associates LP’s holdings in QuinStreet were worth $27,091,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds have also recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank increased its position in QuinStreet by 65.4% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,485 shares of the technology company’s stock worth $118,000 after buying an additional 2,168 shares during the last quarter. C M Bidwell & Associates Ltd. bought a new position in QuinStreet during the third quarter worth $139,000. Jane Street Group LLC bought a new position in shares of QuinStreet in the third quarter valued at about $159,000. Trexquant Investment LP acquired a new stake in shares of QuinStreet during the 3rd quarter worth about $161,000. Finally, Sigma Planning Corp acquired a new position in QuinStreet in the 3rd quarter valued at about $164,000. 86.61% of the stock is currently owned by institutional investors.
In related news, CEO Douglas Valenti sold 2,083 shares of the firm’s stock in a transaction dated Monday, January 4th. The stock was sold at an average price of $21.23, for a total value of $44,222.09. Following the sale, the chief executive officer now directly owns 392,412 shares of the company’s stock, valued at $8,330,906.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Gregory Wong sold 69,083 shares of the firm’s stock in a transaction dated Tuesday, February 16th. The shares were sold at an average price of $24.54, for a total value of $1,695,296.82. Following the completion of the sale, the chief financial officer now directly owns 168,354 shares in the company, valued at $4,131,407.16. The disclosure for this sale can be found here. Insiders have sold 160,032 shares of company stock valued at $3,631,327 in the last ninety days. 9.00% of the stock is currently owned by company insiders.
Shares of QNST opened at $24.07 on Tuesday. The stock has a market capitalization of $1.28 billion, a PE ratio of 40.80, a P/E/G ratio of 12.46 and a beta of 1.10. QuinStreet, Inc. has a 12 month low of $5.76 and a 12 month high of $25.99. The firm’s 50 day moving average is $22.40 and its 200-day moving average is $18.24.
QuinStreet (NASDAQ:QNST) last released its earnings results on Wednesday, February 3rd. The technology company reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.02) by $0.15. QuinStreet had a return on equity of 12.51% and a net margin of 6.29%. The company had revenue of $134.97 million for the quarter, compared to analyst estimates of $119.83 million. QuinStreet’s revenue for the quarter was up 14.3% on a year-over-year basis. As a group, sell-side analysts forecast that QuinStreet, Inc. will post 0.06 EPS for the current year.
A number of equities analysts have recently weighed in on the company. Zacks Investment Research upgraded QuinStreet from a “hold” rating to a “buy” rating and set a $27.00 target price on the stock in a research note on Wednesday, February 10th. Barrington Research upped their price objective on QuinStreet from $25.00 to $27.00 and gave the company an “outperform” rating in a report on Thursday, February 4th. Lake Street Capital lifted their target price on QuinStreet from $20.00 to $25.00 and gave the stock a “buy” rating in a report on Thursday, February 4th. Finally, TheStreet raised shares of QuinStreet from a “c+” rating to a “b” rating in a research report on Thursday, October 29th.
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 to its clients in the form of qualified clicks, leads, inquiries, calls, applications, customers, display advertisements, or impressions through its websites or third-party publishers.
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