Frank Rimerman Advisors LLC Buys Shares of 11,325 QuinStreet, Inc. (NASDAQ:QNST)

Frank Rimerman Advisors LLC bought a new stake in QuinStreet, Inc. (NASDAQ:QNST) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 11,325 shares of the technology company’s stock, valued at approximately $261,000.

A number of other institutional investors also recently made changes to their positions in the business. State of Alaska Department of Revenue raised its position in shares of QuinStreet by 1.4% in the 4th quarter. State of Alaska Department of Revenue now owns 31,976 shares of the technology company’s stock valued at $737,000 after purchasing an additional 432 shares in the last quarter. SG Americas Securities LLC raised its position in shares of QuinStreet by 1.8% in the 4th quarter. SG Americas Securities LLC now owns 26,060 shares of the technology company’s stock valued at $601,000 after purchasing an additional 459 shares in the last quarter. Louisiana State Employees Retirement System raised its position in shares of 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 in the last quarter. PNC Financial Services Group Inc. raised its position in shares of QuinStreet by 43.9% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,808 shares of the technology company’s stock valued at $88,000 after purchasing an additional 1,162 shares in the last quarter. Finally, US Bancorp DE raised its position 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. 97.83% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CEO Douglas Valenti sold 10,000 shares of the stock in a transaction on Wednesday, February 5th. The stock was 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 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Gregory Wong sold 8,516 shares of the stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $22.88, for a total value of $194,846.08. Following the completion of the transaction, the chief financial officer now directly owns 337,031 shares of the company’s stock, valued at approximately $7,711,269.28. The trade was a 2.46 % decrease in their position. The disclosure for this sale can be found here. 5.00% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on QNST. StockNews.com raised QuinStreet from a “sell” rating to a “hold” rating in a research report on Monday, February 10th. Lake Street Capital upped their price target on QuinStreet from $25.00 to $27.00 and gave the company a “hold” rating in a research report on Friday, February 7th. Barrington Research reissued an “outperform” rating and set a $29.00 price target on shares of QuinStreet in a research report on Friday, February 7th. Finally, B. Riley reissued a “buy” rating and set a $34.00 price target (up from $32.00) 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 given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $29.80.

QuinStreet Price Performance

Shares of QNST opened at $18.10 on Tuesday. The company has a market cap of $1.02 billion, a P/E ratio of -82.27 and a beta of 1.13. The stock has a fifty day moving average price of $21.42 and a 200 day moving average price of $20.99. QuinStreet, Inc. has a 12 month low of $15.20 and a 12 month high of $26.27.

QuinStreet (NASDAQ:QNST) last issued its quarterly earnings data on Thursday, February 6th. The technology company reported ($0.03) 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%. As a group, research analysts anticipate that QuinStreet, Inc. will post 0.12 earnings per share for the current year.

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.