QuinStreet, Inc. (NASDAQ:QNST) Stock Holdings Lifted by Fmr LLC

Fmr LLC lifted its holdings in shares of QuinStreet, Inc. (NASDAQ:QNSTFree Report) by 5.2% in the third quarter, Holdings Channel.com reports. The institutional investor owned 2,233,345 shares of the technology company’s stock after purchasing an additional 109,892 shares during the quarter. Fmr LLC’s holdings in QuinStreet were worth $42,724,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Louisiana State Employees Retirement System grew its holdings in shares of QuinStreet by 2.3% during the second quarter. Louisiana State Employees Retirement System now owns 26,400 shares of the technology company’s stock valued at $438,000 after purchasing an additional 600 shares during the last quarter. State of Alaska Department of Revenue boosted its position in QuinStreet by 2.3% during the 3rd quarter. State of Alaska Department of Revenue now owns 31,544 shares of the technology company’s stock valued at $603,000 after purchasing an additional 712 shares during the period. The Manufacturers Life Insurance Company grew its stake in QuinStreet by 3.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 20,539 shares of the technology company’s stock worth $341,000 after buying an additional 719 shares during the last quarter. US Bancorp DE increased its position in QuinStreet by 880.3% in the third quarter. US Bancorp DE now owns 1,392 shares of the technology company’s stock worth $27,000 after buying an additional 1,250 shares during the period. Finally, Rhumbline Advisers lifted its stake in QuinStreet by 1.1% in the second quarter. Rhumbline Advisers now owns 156,530 shares of the technology company’s stock valued at $2,597,000 after buying an additional 1,652 shares during the last quarter. Institutional investors and hedge funds own 97.83% of the company’s stock.

Insider Activity

In related news, Director Matthew Glickman sold 30,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $22.63, for a total value of $678,900.00. Following the sale, the director now directly owns 113,140 shares in the company, valued at $2,560,358.20. The trade was a 20.96 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Stuart Huizinga sold 2,980 shares of the firm’s stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $23.00, for a total transaction of $68,540.00. Following the sale, the director now owns 171,923 shares of the company’s stock, valued at $3,954,229. The trade was a 1.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 40,000 shares of company stock worth $910,374 over the last 90 days. 5.00% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. Craig Hallum upped their price target on shares of QuinStreet from $25.00 to $32.00 and gave the stock a “buy” rating in a research report on Tuesday, November 5th. B. Riley raised their price target on shares of QuinStreet from $24.00 to $32.00 and gave the company a “buy” rating in a research note on Tuesday, November 5th. Stephens lifted their price target on QuinStreet from $23.00 to $27.00 and gave the company an “overweight” rating in a report on Tuesday, November 5th. Lake Street Capital increased their price objective on QuinStreet from $20.00 to $25.00 and gave the stock a “hold” rating in a report on Tuesday, November 5th. Finally, StockNews.com raised QuinStreet from a “sell” rating to a “hold” rating in a research note on Monday, December 2nd. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $29.00.

Read Our Latest Stock Report on QNST

QuinStreet Trading Down 0.2 %

Shares of NASDAQ:QNST opened at $22.14 on Friday. The company has a 50 day moving average of $20.62 and a 200-day moving average of $18.78. The firm has a market cap of $1.25 billion, a P/E ratio of -55.35 and a beta of 1.07. QuinStreet, Inc. has a twelve month low of $11.22 and a twelve month high of $26.27.

QuinStreet (NASDAQ:QNSTGet Free Report) last issued its quarterly earnings results on Monday, November 4th. The technology company reported $0.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.15 by $0.07. QuinStreet had a negative return on equity of 8.79% and a negative net margin of 2.88%. The firm had revenue of $279.22 million during the quarter, compared to analyst estimates of $222.68 million. During the same period last year, the company posted ($0.19) EPS. The firm’s quarterly revenue was up 125.3% on a year-over-year basis. Equities research analysts forecast that QuinStreet, Inc. will post 0.15 EPS for the current year.

QuinStreet Profile

(Free Report)

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.

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Want to see what other hedge funds are holding QNST? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for QuinStreet, Inc. (NASDAQ:QNSTFree Report).

Institutional Ownership by Quarter for QuinStreet (NASDAQ:QNST)

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