QuinStreet, Inc. (NASDAQ:QNST) Shares Sold by RiverPark Advisors LLC

RiverPark Advisors LLC reduced its stake in shares of QuinStreet, Inc. (NASDAQ:QNST) by 47.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,094 shares of the technology company’s stock after selling 2,810 shares during the quarter. RiverPark Advisors LLC’s holdings in QuinStreet were worth $71,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Barclays PLC raised its position in shares of QuinStreet by 149.7% during the 3rd quarter. Barclays PLC now owns 127,404 shares of the technology company’s stock worth $2,436,000 after buying an additional 76,389 shares in the last quarter. Geode Capital Management LLC raised its holdings in QuinStreet by 3.0% during the third quarter. Geode Capital Management LLC now owns 1,270,766 shares of the technology company’s stock worth $24,315,000 after purchasing an additional 36,963 shares in the last quarter. JPMorgan Chase & Co. lifted its position in QuinStreet by 39.7% in the third quarter. JPMorgan Chase & Co. now owns 449,589 shares of the technology company’s stock worth $8,601,000 after purchasing an additional 127,689 shares during the period. Kings Path Partners LLC boosted its stake in QuinStreet by 111.6% during the 4th quarter. Kings Path Partners LLC now owns 28,700 shares of the technology company’s stock valued at $662,000 after purchasing an additional 15,138 shares in the last quarter. Finally, SG Americas Securities LLC increased its position in shares of QuinStreet by 1.8% during 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 during the period. Institutional investors and hedge funds own 97.83% of the company’s stock.

Insider Transactions at QuinStreet

In related news, CEO Douglas Valenti sold 10,000 shares of the stock in a transaction dated 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 of the company’s stock, valued at approximately $45,955,585.08. This represents a 0.54 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Gregory Wong sold 8,516 shares of QuinStreet stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $22.88, for a total value of $194,846.08. Following the transaction, the chief financial officer now directly owns 337,031 shares in the company, valued at approximately $7,711,269.28. This trade represents a 2.46 % decrease in their position. The disclosure for this sale can be found here. 5.00% of the stock is currently owned by insiders.

QuinStreet Price Performance

Shares of QNST opened at $16.89 on Thursday. The company has a 50-day moving average of $17.86 and a two-hundred day moving average of $20.47. The stock has a market cap of $953.76 million, a price-to-earnings ratio of -76.77 and a beta of 0.91. QuinStreet, Inc. has a one year low of $14.39 and a one year high of $26.27.

QuinStreet (NASDAQ:QNST) last posted 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%. Analysts anticipate that QuinStreet, Inc. will post 0.12 earnings per share for the current year.

Analyst Ratings Changes

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

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.