QuinStreet, Inc. (NASDAQ:QNST) Shares Bought by JPMorgan Chase & Co.

JPMorgan Chase & Co. raised its holdings in QuinStreet, Inc. (NASDAQ:QNST) by 39.7% during the third quarter, HoldingsChannel reports. The firm owned 449,589 shares of the technology company’s stock after buying an additional 127,689 shares during the period. JPMorgan Chase & Co.’s holdings in QuinStreet were worth $8,601,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the business. FMR LLC increased its stake in QuinStreet by 5.2% in 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 period. American Century Companies Inc. increased its stake in QuinStreet by 27.5% in the second quarter. American Century Companies Inc. now owns 2,035,127 shares of the technology company’s stock valued at $33,763,000 after purchasing an additional 438,947 shares during the period. State Street Corp increased its stake in QuinStreet by 2.1% in the third quarter. State Street Corp now owns 1,989,976 shares of the technology company’s stock valued at $38,068,000 after purchasing an additional 41,538 shares during the period. Driehaus Capital Management LLC increased its stake in QuinStreet by 17.6% in the second quarter. Driehaus Capital Management LLC now owns 1,509,937 shares of the technology company’s stock valued at $25,050,000 after purchasing an additional 225,720 shares during the period. Finally, Geode Capital Management LLC increased its stake in shares of QuinStreet by 3.0% during the third quarter. Geode Capital Management LLC now owns 1,270,766 shares of the technology company’s stock worth $24,315,000 after acquiring an additional 36,963 shares during the period. 97.83% of the stock is currently owned by institutional investors and hedge funds.

QuinStreet Trading Up 0.5 %

QNST stock opened at $21.46 on Tuesday. The company has a market cap of $1.21 billion, a P/E ratio of -53.65 and a beta of 1.07. QuinStreet, Inc. has a 52 week low of $11.49 and a 52 week high of $26.27. The company’s 50-day moving average price is $22.31 and its 200 day moving average price is $19.81.

QuinStreet (NASDAQ:QNST) last announced its quarterly earnings results on Monday, November 4th. The technology company reported $0.22 earnings per share (EPS) for the quarter, beating 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 company had revenue of $279.22 million for the quarter, compared to the consensus estimate of $222.68 million. During the same quarter in the prior year, the firm earned ($0.19) earnings per share. The company’s revenue for the quarter was up 125.3% compared to the same quarter last year. On average, equities research analysts expect that QuinStreet, Inc. will post 0.15 earnings per share for the current year.

Analysts Set New Price Targets

QNST has been the topic of a number of recent analyst reports. B. Riley boosted their price target on shares of QuinStreet from $24.00 to $32.00 and gave the stock a “buy” rating in a research note on Tuesday, November 5th. Stephens boosted their price target on shares of QuinStreet from $23.00 to $27.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 5th. Craig Hallum boosted their price target on shares of QuinStreet from $25.00 to $32.00 and gave the stock a “buy” rating in a research note on Tuesday, November 5th. StockNews.com upgraded shares of QuinStreet from a “sell” rating to a “hold” rating in a research note on Monday, January 6th. Finally, Lake Street Capital boosted their price target on shares of QuinStreet from $20.00 to $25.00 and gave the stock a “hold” rating in a research note on Tuesday, November 5th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $29.00.

Insider Buying and Selling at QuinStreet

In other news, Director Stuart Huizinga sold 2,980 shares of the business’s stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $23.00, for a total value of $68,540.00. Following the completion of the transaction, 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 transaction was disclosed in a filing with the SEC, which is available at the SEC website. 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 transaction of $678,900.00. Following the completion of the transaction, the director now directly owns 113,140 shares of the company’s stock, valued at approximately $2,560,358.20. This represents a 20.96 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 40,000 shares of company stock valued at $910,374 over the last quarter. Corporate 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.