QuinStreet, Inc. (NASDAQ:QNST) Stock Position Raised by Counterpoint Mutual Funds LLC

Counterpoint Mutual Funds LLC lifted its holdings in shares of QuinStreet, Inc. (NASDAQ:QNST) by 143.1% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 33,741 shares of the technology company’s stock after buying an additional 19,862 shares during the period. Counterpoint Mutual Funds LLC owned 0.06% of QuinStreet worth $778,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. SVB Wealth LLC acquired a new stake in shares of QuinStreet in the 4th quarter worth approximately $3,508,000. JPMorgan Chase & Co. lifted its stake in 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 last quarter. FMR LLC lifted its stake in QuinStreet by 5.2% during the third quarter. FMR LLC now owns 2,233,345 shares of the technology company’s stock valued at $42,724,000 after purchasing an additional 109,892 shares during the last quarter. Lisanti Capital Growth LLC acquired a new stake in shares of QuinStreet during the fourth quarter valued at approximately $2,031,000. Finally, Barclays PLC raised its holdings in shares of QuinStreet by 149.7% during the third quarter. Barclays PLC now owns 127,404 shares of the technology company’s stock valued at $2,436,000 after acquiring an additional 76,389 shares during the period. 97.83% of the stock is owned by institutional investors and hedge funds.

QuinStreet Stock Up 3.3 %

Shares of QNST opened at $17.76 on Monday. The company’s fifty day moving average is $21.52 and its 200-day moving average is $21.00. QuinStreet, Inc. has a 12 month low of $15.20 and a 12 month high of $26.27. The firm has a market cap of $1.00 billion, a price-to-earnings ratio of -80.73 and a beta of 1.13.

QuinStreet (NASDAQ:QNST) last announced its quarterly earnings results on Thursday, February 6th. The technology company reported ($0.03) EPS for the quarter, missing the consensus estimate 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 predict that QuinStreet, Inc. will post 0.12 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CFO Gregory Wong sold 8,516 shares of the company’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $22.88, for a total transaction of $194,846.08. Following the completion of the sale, the chief financial officer now directly owns 337,031 shares of the company’s stock, valued at approximately $7,711,269.28. This represents a 2.46 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Douglas Valenti sold 10,000 shares of the company’s stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $25.02, for a total transaction of $250,200.00. Following 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 ownership of the stock. The disclosure for this sale can be found here. 5.00% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on QNST. StockNews.com upgraded shares of 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 target (up previously from $32.00) on shares of QuinStreet in a report on Friday, February 7th. Barrington Research reiterated an “outperform” rating and issued a $29.00 price objective on shares of QuinStreet in a research note on Friday, February 7th. Finally, Lake Street Capital upped their price objective on shares of QuinStreet from $25.00 to $27.00 and gave the company a “hold” rating in a research note on Friday, February 7th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $29.80.

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.