QuinStreet, Inc. (NASDAQ:QNST) Shares Purchased by Portolan Capital Management LLC

Portolan Capital Management LLC boosted its holdings in QuinStreet, Inc. (NASDAQ:QNST) by 9.6% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 801,693 shares of the technology company’s stock after buying an additional 70,408 shares during the period. QuinStreet accounts for approximately 1.1% of Portolan Capital Management LLC’s holdings, making the stock its 25th largest holding. Portolan Capital Management LLC’s holdings in QuinStreet were worth $15,336,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. US Bancorp DE lifted its stake in shares of QuinStreet by 880.3% in the 3rd quarter. US Bancorp DE now owns 1,392 shares of the technology company’s stock valued at $27,000 after purchasing an additional 1,250 shares in the last quarter. Quantbot Technologies LP acquired a new position in shares of QuinStreet in the 3rd quarter valued at about $29,000. Quarry LP lifted its stake in shares of QuinStreet by 11,330.0% in the 2nd quarter. Quarry LP now owns 2,286 shares of the technology company’s stock valued at $38,000 after purchasing an additional 2,266 shares in the last quarter. Victory Capital Management Inc. acquired a new position in shares of QuinStreet in the 2nd quarter valued at about $175,000. Finally, Centiva Capital LP acquired a new position in shares of QuinStreet in the 3rd quarter valued at about $244,000. 97.83% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Stuart Huizinga sold 7,020 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $23.21, for a total value of $162,934.20. Following the completion of the sale, the director now directly owns 174,903 shares in the company, valued at approximately $4,059,498.63. The trade was a 3.86 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Matthew Glickman sold 30,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $22.63, for a total value of $678,900.00. Following the completion of the sale, the director now owns 113,140 shares of the company’s stock, valued at $2,560,358.20. This trade represents a 20.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 40,000 shares of company stock worth $910,374 in the last three months. 5.00% of the stock is owned by insiders.

QuinStreet Stock Performance

QuinStreet stock opened at $22.26 on Wednesday. The stock’s 50 day moving average price is $20.43 and its 200 day moving average price is $18.70. The firm has a market capitalization of $1.25 billion, a PE ratio of -55.65 and a beta of 1.07. QuinStreet, Inc. has a one year low of $11.22 and a one year high of $26.27.

QuinStreet (NASDAQ:QNST) last posted its quarterly earnings data on Monday, November 4th. The technology company reported $0.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.15 by $0.07. QuinStreet had a negative return on equity of 8.79% and a negative net margin of 2.88%. The company had revenue of $279.22 million for the quarter, compared to the consensus estimate of $222.68 million. During the same period in the previous year, the business earned ($0.19) EPS. QuinStreet’s revenue for the quarter was up 125.3% compared to the same quarter last year. On average, analysts forecast that QuinStreet, Inc. will post 0.15 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on QNST. Barrington Research lifted their price objective on QuinStreet from $22.00 to $29.00 and gave the company an “outperform” rating in a research note on Tuesday, November 5th. Craig Hallum lifted their price objective on QuinStreet from $25.00 to $32.00 and gave the company a “buy” rating in a research note on Tuesday, November 5th. StockNews.com raised QuinStreet from a “sell” rating to a “hold” rating in a research note on Monday. Stephens boosted their price target on QuinStreet from $23.00 to $27.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 5th. Finally, B. Riley boosted their price target on QuinStreet from $24.00 to $32.00 and gave the stock a “buy” rating in a research report on Tuesday, November 5th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $29.00.

About QuinStreet

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.