G2 Investment Partners Management LLC Invests $7.20 Million in QuinStreet, Inc. (NASDAQ:QNST)

G2 Investment Partners Management LLC purchased a new position in QuinStreet, Inc. (NASDAQ:QNST) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 312,216 shares of the technology company’s stock, valued at approximately $7,203,000. QuinStreet accounts for 1.9% of G2 Investment Partners Management LLC’s holdings, making the stock its 22nd biggest position. G2 Investment Partners Management LLC owned approximately 0.55% of QuinStreet at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Vanguard Group Inc. lifted its holdings in QuinStreet by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 4,002,030 shares of the technology company’s stock valued at $92,327,000 after buying an additional 26,169 shares in the last quarter. Driehaus Capital Management LLC lifted its position in shares of QuinStreet by 28.4% in the 4th quarter. Driehaus Capital Management LLC now owns 2,787,695 shares of the technology company’s stock worth $64,312,000 after purchasing an additional 617,216 shares during the period. American Century Companies Inc. boosted its stake in shares of QuinStreet by 9.9% during the fourth quarter. American Century Companies Inc. now owns 2,228,568 shares of the technology company’s stock valued at $51,413,000 after purchasing an additional 201,052 shares in the last quarter. Geode Capital Management LLC raised its position in shares of QuinStreet by 2.1% in the 4th quarter. Geode Capital Management LLC now owns 1,297,160 shares of the technology company’s stock worth $29,933,000 after acquiring an additional 26,394 shares in the last quarter. Finally, Invesco Ltd. lifted its position in shares of QuinStreet by 177.8% during the fourth quarter. Invesco Ltd. now owns 946,108 shares of the technology company’s stock valued at $21,827,000 after buying an additional 605,500 shares during the last quarter. Hedge funds and other institutional investors own 97.83% of the company’s stock.

Insider Transactions at QuinStreet

In other QuinStreet news, CFO Gregory Wong sold 8,516 shares of QuinStreet 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 sale, the chief financial officer now owns 337,031 shares in the company, valued at $7,711,269.28. The trade was a 2.46 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 5.00% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on QNST shares. Barrington Research restated an “outperform” rating and issued a $29.00 target price on shares of QuinStreet in a research note on Wednesday, April 23rd. B. Riley reaffirmed a “buy” rating and set a $34.00 target price (up from $32.00) on shares of QuinStreet in a research report on Friday, February 7th. Stephens restated an “overweight” rating and set a $31.00 price target on shares of QuinStreet in a research note on Thursday. StockNews.com upgraded shares of QuinStreet from a “sell” rating to a “hold” rating in a research note on Monday, February 10th. Finally, Lake Street Capital decreased their price target on shares of QuinStreet from $27.00 to $19.00 and set a “hold” rating for the company in a report on Thursday. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, QuinStreet presently has a consensus rating of “Moderate Buy” and a consensus price target of $29.00.

QuinStreet Stock Down 14.5 %

QNST stock opened at $15.63 on Friday. The firm has a market cap of $882.55 million, a P/E ratio of -71.04 and a beta of 0.79. QuinStreet, Inc. has a 52-week low of $14.39 and a 52-week high of $26.27. The company’s 50-day simple moving average is $17.24 and its 200-day simple moving average is $20.38.

QuinStreet (NASDAQ:QNST) last issued its quarterly earnings results on Wednesday, May 7th. The technology company reported $0.21 earnings per share for the quarter, beating analysts’ consensus estimates of $0.06 by $0.15. The firm had revenue of $269.84 million for the quarter, compared to analyst estimates of $270.36 million. QuinStreet had a negative net margin of 1.31% and a negative return on equity of 4.13%. QuinStreet’s quarterly revenue was up 60.1% compared to the same quarter last year. During the same period last year, the company posted $0.06 EPS. On average, analysts anticipate that QuinStreet, Inc. will post 0.12 earnings per share for the current fiscal year.

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.