Nomura Holdings Inc. Acquires 10,997 Shares of QuinStreet, Inc. (NASDAQ:QNST)

Nomura Holdings Inc. increased its holdings in shares of QuinStreet, Inc. (NASDAQ:QNST) by 6.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 187,892 shares of the technology company’s stock after purchasing an additional 10,997 shares during the period. Nomura Holdings Inc.’s holdings in QuinStreet were worth $4,335,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. State of Alaska Department of Revenue grew its position in shares of QuinStreet by 1.4% during the 4th quarter. State of Alaska Department of Revenue now owns 31,976 shares of the technology company’s stock worth $737,000 after buying an additional 432 shares during the period. SG Americas Securities LLC boosted its stake in QuinStreet by 1.8% during the fourth quarter. SG Americas Securities LLC now owns 26,060 shares of the technology company’s stock worth $601,000 after acquiring an additional 459 shares in the last quarter. Louisiana State Employees Retirement System boosted its stake in QuinStreet by 1.9% during the fourth quarter. Louisiana State Employees Retirement System now owns 27,200 shares of the technology company’s stock worth $628,000 after acquiring an additional 500 shares in the last quarter. PNC Financial Services Group Inc. grew its holdings in QuinStreet by 43.9% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,808 shares of the technology company’s stock worth $88,000 after purchasing an additional 1,162 shares during the period. Finally, KBC Group NV increased its stake in QuinStreet by 64.5% in the fourth quarter. KBC Group NV now owns 3,562 shares of the technology company’s stock valued at $82,000 after purchasing an additional 1,396 shares in the last quarter. Institutional investors and hedge funds own 97.83% of the company’s stock.

QuinStreet Stock Down 1.1%

Shares of QuinStreet stock opened at $15.71 on Friday. QuinStreet, Inc. has a 52 week low of $14.39 and a 52 week high of $26.27. The business has a 50 day moving average price of $16.98 and a 200-day moving average price of $20.28. The company has a market cap of $887.13 million, a PE ratio of -71.41 and a beta of 0.79.

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

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. Lake Street Capital cut their price objective on shares of QuinStreet from $27.00 to $19.00 and set a “hold” rating on the stock in a research report on Thursday, May 8th. B. Riley restated a “buy” rating and set a $34.00 price objective (up previously from $32.00) on shares of QuinStreet in a report on Friday, February 7th. StockNews.com upgraded QuinStreet from a “sell” rating to a “hold” rating in a report on Monday, February 10th. Barrington Research restated an “outperform” rating and set a $29.00 price target on shares of QuinStreet in a research note on Wednesday, April 23rd. Finally, Stephens restated an “overweight” rating and set a $31.00 price objective on shares of QuinStreet in a report on Thursday, May 8th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $29.00.

Insider Transactions at QuinStreet

In related news, CFO Gregory Wong sold 8,516 shares of the firm’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $22.88, for a total transaction of $194,846.08. Following the transaction, the chief financial officer now directly owns 337,031 shares of the company’s stock, valued at $7,711,269.28. This trade represents 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 at this link. Company insiders own 5.00% of the company’s stock.

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.