Jump Financial LLC Invests $965,000 in QuinStreet, Inc. (NASDAQ:QNST)

Jump Financial LLC bought a new stake in shares of QuinStreet, Inc. (NASDAQ:QNST) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 41,850 shares of the technology company’s stock, valued at approximately $965,000.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. JPMorgan Chase & Co. boosted its stake in shares of QuinStreet by 39.7% during the third quarter. JPMorgan Chase & Co. now owns 449,589 shares of the technology company’s stock valued at $8,601,000 after purchasing an additional 127,689 shares during the period. Barclays PLC raised its holdings in QuinStreet by 149.7% during the 3rd quarter. Barclays PLC now owns 127,404 shares of the technology company’s stock valued at $2,436,000 after buying an additional 76,389 shares during the last quarter. Geode Capital Management LLC boosted its position in QuinStreet by 3.0% during the 3rd quarter. Geode Capital Management LLC now owns 1,270,766 shares of the technology company’s stock valued at $24,315,000 after buying an additional 36,963 shares during the period. Allspring Global Investments Holdings LLC purchased a new stake in QuinStreet during the 4th quarter valued at $486,000. Finally, Arrowstreet Capital Limited Partnership grew its holdings in QuinStreet by 45.3% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 381,941 shares of the technology company’s stock worth $8,811,000 after acquiring an additional 119,154 shares during the last quarter. 97.83% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, CFO Gregory Wong sold 8,516 shares of the firm’s stock in a transaction dated 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 transaction, the chief financial officer now owns 337,031 shares in the company, valued at $7,711,269.28. This trade represents a 2.46 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Douglas Valenti sold 10,000 shares of QuinStreet stock in a transaction that occurred 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 sale, the chief executive officer now directly owns 1,836,754 shares in the company, valued at approximately $45,955,585.08. The trade was a 0.54 % decrease in their position. The disclosure for this sale can be found here. 5.00% of the stock is owned by insiders.

Analyst Ratings Changes

Several research firms recently issued reports on QNST. Lake Street Capital raised their target price on QuinStreet from $25.00 to $27.00 and gave the stock a “hold” rating in a research note on Friday, February 7th. B. Riley reiterated a “buy” rating and issued a $34.00 price objective (up from $32.00) on shares of QuinStreet in a research report on Friday, February 7th. Barrington Research restated an “outperform” rating and set a $29.00 target price on shares of QuinStreet in a report on Wednesday, March 26th. Finally, StockNews.com upgraded shares of QuinStreet from a “sell” rating to a “hold” rating in a report on Monday, February 10th. 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.com, the company has a consensus rating of “Moderate Buy” and an average target price of $29.80.

QuinStreet Trading Down 1.2 %

QNST opened at $15.88 on Tuesday. QuinStreet, Inc. has a 1-year low of $14.39 and a 1-year high of $26.27. The firm’s 50 day simple moving average is $18.10 and its two-hundred day simple moving average is $20.53. The company has a market capitalization of $896.73 million, a PE ratio of -72.18 and a beta of 0.91.

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

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.