Illinois Municipal Retirement Fund Has $399,000 Position in QuinStreet, Inc. (NASDAQ:QNST)

Illinois Municipal Retirement Fund grew its position in QuinStreet, Inc. (NASDAQ:QNST) by 2.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 31,109 shares of the technology company’s stock after buying an additional 860 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in QuinStreet were worth $399,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in QNST. FMR LLC raised its position in shares of QuinStreet by 46.8% in the 3rd quarter. FMR LLC now owns 1,814,168 shares of the technology company’s stock valued at $16,273,000 after buying an additional 578,228 shares in the last quarter. Impax Asset Management Group plc grew its holdings in shares of QuinStreet by 16.0% during the 3rd quarter. Impax Asset Management Group plc now owns 1,310,395 shares of the technology company’s stock valued at $11,754,000 after purchasing an additional 180,477 shares during the last quarter. Assenagon Asset Management S.A. grew its holdings in shares of QuinStreet by 1,634.0% during the 4th quarter. Assenagon Asset Management S.A. now owns 178,531 shares of the technology company’s stock valued at $2,289,000 after purchasing an additional 168,235 shares during the last quarter. Nomura Holdings Inc. grew its holdings in shares of QuinStreet by 92.2% during the 3rd quarter. Nomura Holdings Inc. now owns 300,401 shares of the technology company’s stock valued at $2,695,000 after purchasing an additional 144,129 shares during the last quarter. Finally, SVB Wealth LLC grew its holdings in shares of QuinStreet by 68.1% during the 4th quarter. SVB Wealth LLC now owns 273,356 shares of the technology company’s stock valued at $3,504,000 after purchasing an additional 110,766 shares during the last quarter. 97.83% of the stock is currently owned by institutional investors and hedge funds.

QuinStreet Price Performance

QNST opened at $17.89 on Thursday. QuinStreet, Inc. has a fifty-two week low of $6.79 and a fifty-two week high of $18.52. The firm has a market capitalization of $981.98 million, a price-to-earnings ratio of -12.42 and a beta of 1.14. The company’s 50 day moving average price is $16.46 and its two-hundred day moving average price is $13.74.

QuinStreet (NASDAQ:QNST) last issued its quarterly earnings results on Wednesday, February 7th. The technology company reported ($0.21) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.05). The firm had revenue of $122.68 million during the quarter, compared to analyst estimates of $116.46 million. QuinStreet had a negative return on equity of 32.98% and a negative net margin of 14.28%. As a group, equities research analysts predict that QuinStreet, Inc. will post -0.43 EPS for the current year.

Insider Transactions at QuinStreet

In other news, CFO Gregory Wong sold 8,407 shares of the business’s stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $15.03, for a total value of $126,357.21. Following the transaction, the chief financial officer now owns 295,204 shares in the company, valued at approximately $4,436,916.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 5.30% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Stephens lifted their price target on shares of QuinStreet from $17.00 to $18.00 and gave the company an “overweight” rating in a report on Friday, March 15th. StockNews.com raised shares of QuinStreet to a “sell” rating in a report on Saturday, April 13th. Barrington Research lifted their price target on shares of QuinStreet from $16.00 to $20.00 and gave the company an “outperform” rating in a report on Tuesday, April 23rd. Finally, B. Riley initiated coverage on shares of QuinStreet in a report on Friday, April 19th. They set a “buy” rating and a $21.50 price target on the stock. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $17.38.

QuinStreet 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.