Quantbot Technologies LP Buys 39,479 Shares of QuinStreet, Inc. (NASDAQ:QNST)

Quantbot Technologies LP boosted its position in shares of QuinStreet, Inc. (NASDAQ:QNST) by 2,570.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 41,015 shares of the technology company’s stock after acquiring an additional 39,479 shares during the period. Quantbot Technologies LP’s holdings in QuinStreet were worth $946,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Teacher Retirement System of Texas bought a new stake in QuinStreet in the fourth quarter valued at about $465,000. Counterpoint Mutual Funds LLC boosted its holdings in QuinStreet by 143.1% during the fourth quarter. Counterpoint Mutual Funds LLC now owns 33,741 shares of the technology company’s stock valued at $778,000 after purchasing an additional 19,862 shares in the last quarter. Frank Rimerman Advisors LLC bought a new stake in shares of QuinStreet in the 4th quarter valued at approximately $261,000. First Eagle Investment Management LLC raised its holdings in shares of QuinStreet by 6.0% in the 4th quarter. First Eagle Investment Management LLC now owns 681,023 shares of the technology company’s stock worth $15,711,000 after buying an additional 38,500 shares in the last quarter. Finally, Swiss National Bank raised its holdings in shares of QuinStreet by 2.4% in the 4th quarter. Swiss National Bank now owns 104,900 shares of the technology company’s stock worth $2,420,000 after buying an additional 2,500 shares in the last quarter. Institutional investors and hedge funds own 97.83% of the company’s stock.

QuinStreet Stock Up 0.5 %

Shares of NASDAQ QNST opened at $19.35 on Wednesday. QuinStreet, Inc. has a 12-month low of $15.20 and a 12-month high of $26.27. The firm’s 50-day simple moving average is $21.02 and its 200 day simple moving average is $20.98. The company has a market cap of $1.09 billion, a price-to-earnings ratio of -87.95 and a beta of 1.13.

QuinStreet (NASDAQ:QNST) last announced its earnings results on Thursday, February 6th. The technology company reported ($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.21). QuinStreet had a negative return on equity of 4.13% and a negative net margin of 1.31%. On average, equities analysts expect that QuinStreet, Inc. will post 0.12 earnings per share for the current year.

Wall Street Analysts Forecast Growth

QNST has been the subject of a number of analyst reports. Lake Street Capital lifted their price objective on QuinStreet from $25.00 to $27.00 and gave the company a “hold” rating in a report on Friday, February 7th. Barrington Research reissued an “outperform” rating and set a $29.00 price target on shares of QuinStreet in a report on Friday, February 7th. StockNews.com raised shares of QuinStreet from a “sell” rating to a “hold” rating in a research note on Monday, February 10th. Finally, B. Riley reaffirmed a “buy” rating and set a $34.00 price objective (up previously from $32.00) on shares of QuinStreet in a report on Friday, February 7th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $29.80.

Insiders Place Their Bets

In other news, CFO Gregory Wong sold 8,516 shares of the business’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $22.88, for a total transaction of $194,846.08. Following the completion of the sale, the chief financial officer now owns 337,031 shares in the company, valued at $7,711,269.28. The trade was a 2.46 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Douglas Valenti sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $25.02, for a total value of $250,200.00. Following the completion of the transaction, the chief executive officer now owns 1,836,754 shares in the company, valued at approximately $45,955,585.08. This represents a 0.54 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 5.00% of the company’s stock.

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.