Arcadia Investment Management Corp MI Invests $38,000 in QuinStreet, Inc. (NASDAQ:QNST)

Arcadia Investment Management Corp MI bought a new stake in QuinStreet, Inc. (NASDAQ:QNST) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 1,639 shares of the technology company’s stock, valued at approximately $38,000.

A number of other large investors have also recently bought and sold shares of the stock. State of Alaska Department of Revenue raised its holdings in shares of QuinStreet by 1.4% in the fourth quarter. State of Alaska Department of Revenue now owns 31,976 shares of the technology company’s stock worth $737,000 after acquiring an additional 432 shares during the last quarter. SG Americas Securities LLC increased its position in QuinStreet by 1.8% during the 4th quarter. SG Americas Securities LLC now owns 26,060 shares of the technology company’s stock worth $601,000 after purchasing an additional 459 shares in the last quarter. Louisiana State Employees Retirement System raised its stake in QuinStreet by 1.9% in the 4th quarter. Louisiana State Employees Retirement System now owns 27,200 shares of the technology company’s stock valued at $628,000 after purchasing an additional 500 shares during the last quarter. US Bancorp DE lifted its holdings in 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. Finally, KBC Group NV boosted its stake in shares of QuinStreet by 64.5% during the 4th quarter. KBC Group NV now owns 3,562 shares of the technology company’s stock worth $82,000 after purchasing an additional 1,396 shares during the last quarter. Institutional investors and hedge funds own 97.83% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on QNST shares. Lake Street Capital boosted their price objective on shares of QuinStreet from $25.00 to $27.00 and gave the company a “hold” rating in a research report on Friday, February 7th. Stephens boosted their price target on QuinStreet from $23.00 to $27.00 and gave the company an “overweight” rating in a report on Tuesday, November 5th. StockNews.com raised QuinStreet from a “sell” rating to a “hold” rating in a research note on Monday, February 10th. Craig Hallum lifted their price objective on QuinStreet from $25.00 to $32.00 and gave the company a “buy” rating in a research report on Tuesday, November 5th. Finally, Barrington Research reiterated an “outperform” rating and set a $29.00 target price on shares of QuinStreet in a research report on Friday, February 7th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $29.80.

QuinStreet Stock Down 4.5 %

QNST stock opened at $20.11 on Friday. The company has a market cap of $1.14 billion, a price-to-earnings ratio of -91.41 and a beta of 1.06. The business has a fifty day simple moving average of $22.84 and a 200-day simple moving average of $20.86. QuinStreet, Inc. has a 52 week low of $14.14 and a 52 week high of $26.27.

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

Insider Buying and Selling

In related news, CFO Gregory Wong sold 8,516 shares of the company’s stock in a transaction on Tuesday, February 18th. The shares were 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 directly owns 337,031 shares of the company’s stock, valued at approximately $7,711,269.28. This represents a 2.46 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Douglas Valenti sold 10,000 shares of the stock in a transaction on 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 sale, the chief executive officer now owns 1,836,754 shares of the company’s stock, valued at approximately $45,955,585.08. This represents a 0.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 28,516 shares of company stock valued at $676,520. 5.00% of the stock is currently owned by corporate insiders.

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.