Principal Financial Group Inc. Purchases 639 Shares of QuinStreet, Inc. (NASDAQ:QNST)

Principal Financial Group Inc. raised its position in shares of QuinStreet, Inc. (NASDAQ:QNST) by 0.2% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 261,641 shares of the technology company’s stock after acquiring an additional 639 shares during the period. Principal Financial Group Inc.’s holdings in QuinStreet were worth $5,005,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. US Bancorp DE increased its position in QuinStreet by 880.3% in the 3rd quarter. US Bancorp DE now owns 1,392 shares of the technology company’s stock valued at $27,000 after acquiring an additional 1,250 shares in the last quarter. Quantbot Technologies LP acquired a new stake in shares of QuinStreet in the third quarter valued at approximately $29,000. Quarry LP raised its position in QuinStreet by 11,330.0% in the 2nd quarter. Quarry LP now owns 2,286 shares of the technology company’s stock worth $38,000 after purchasing an additional 2,266 shares during the last quarter. Victory Capital Management Inc. bought a new position in QuinStreet in the 2nd quarter worth approximately $175,000. Finally, Hsbc Holdings PLC lifted its holdings in QuinStreet by 26.1% during the 2nd quarter. Hsbc Holdings PLC now owns 14,000 shares of the technology company’s stock worth $225,000 after buying an additional 2,895 shares in the last quarter. Institutional investors own 97.83% of the company’s stock.

QuinStreet Trading Up 1.3 %

QuinStreet stock opened at $23.36 on Friday. The firm has a market capitalization of $1.31 billion, a P/E ratio of -58.40 and a beta of 1.07. The business has a 50-day moving average of $21.98 and a 200-day moving average of $19.44. QuinStreet, Inc. has a 1 year low of $11.22 and a 1 year high of $26.27.

QuinStreet (NASDAQ:QNST) last released its quarterly earnings data on Monday, November 4th. The technology company reported $0.22 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.07. QuinStreet had a negative net margin of 2.88% and a negative return on equity of 8.79%. The business had revenue of $279.22 million for the quarter, compared to analyst estimates of $222.68 million. During the same quarter last year, the firm earned ($0.19) EPS. QuinStreet’s quarterly revenue was up 125.3% compared to the same quarter last year. Research analysts anticipate that QuinStreet, Inc. will post 0.15 EPS for the current fiscal year.

Analyst Ratings Changes

QNST has been the subject of a number of recent research reports. Barrington Research restated an “outperform” rating and set a $29.00 target price on shares of QuinStreet in a research report on Friday, December 6th. Lake Street Capital boosted 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. B. Riley raised their target price 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. StockNews.com downgraded shares of QuinStreet from a “hold” rating to a “sell” rating in a research note on Tuesday, December 10th. Finally, Stephens raised their price objective on shares of QuinStreet from $23.00 to $27.00 and gave the company an “overweight” rating in a research note on Tuesday, November 5th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $29.00.

Insider Activity

In other news, Director Stuart Huizinga sold 2,980 shares of the firm’s stock in a transaction dated 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. This trade represents a 1.70 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, 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 completion of the transaction, the director now owns 113,140 shares of the company’s stock, valued at $2,560,358.20. This represents a 20.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 40,000 shares of company stock valued at $910,374 in the last quarter. Company insiders own 5.00% of the company’s stock.

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.