Victory Capital Management Inc. Takes Position in QuinStreet, Inc. (NASDAQ:QNST)

Victory Capital Management Inc. acquired a new stake in QuinStreet, Inc. (NASDAQ:QNST) in the 4th quarter, Holdings Channel.com reports. The institutional investor acquired 9,761 shares of the technology company’s stock, valued at approximately $225,000.

Several other hedge funds also recently modified their holdings of QNST. Quantbot Technologies LP bought a new position in QuinStreet during the third quarter worth about $29,000. Arcadia Investment Management Corp MI bought a new position in QuinStreet during the fourth quarter worth about $38,000. KBC Group NV grew its holdings in QuinStreet by 64.5% during the fourth quarter. KBC Group NV now owns 3,562 shares of the technology company’s stock worth $82,000 after purchasing an additional 1,396 shares during the period. Steward Partners Investment Advisory LLC bought a new position in QuinStreet during the fourth quarter worth about $112,000. Finally, BankPlus Trust Department bought a new position in QuinStreet during the fourth quarter worth about $198,000. Institutional investors own 97.83% of the company’s stock.

Insider Activity

In other news, CFO Gregory Wong sold 8,516 shares of QuinStreet stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $22.88, for a total value of $194,846.08. Following the completion of the sale, the chief financial officer now directly owns 337,031 shares in the company, valued at approximately $7,711,269.28. The trade was a 2.46 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Douglas Valenti sold 10,000 shares of QuinStreet stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $25.02, for a total transaction of $250,200.00. Following the completion of the sale, the chief executive officer now owns 1,836,754 shares of the company’s stock, valued at approximately $45,955,585.08. The trade was 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 company insiders.

Analyst Upgrades and Downgrades

A number of research firms recently commented on QNST. B. Riley reiterated 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. Lake Street Capital lifted their price target on QuinStreet from $25.00 to $27.00 and gave the stock a “hold” rating in a report on Friday, February 7th. Barrington Research restated an “outperform” rating and set a $29.00 price objective on shares of QuinStreet in a report on Friday, February 7th. Finally, StockNews.com upgraded QuinStreet from a “sell” rating to a “hold” rating in a report on Monday, February 10th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $29.80.

QuinStreet Trading Up 1.8 %

NASDAQ QNST opened at $18.58 on Monday. QuinStreet, Inc. has a 1-year low of $15.20 and a 1-year high of $26.27. The company has a 50 day moving average of $21.11 and a 200-day moving average of $20.97. The company has a market cap of $1.05 billion, a price-to-earnings ratio of -84.45 and a beta of 1.13.

QuinStreet (NASDAQ:QNST) last released its quarterly earnings results on Thursday, February 6th. The technology company reported ($0.03) earnings per share for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.21). QuinStreet had a negative net margin of 1.31% and a negative return on equity of 4.13%. On average, equities research analysts forecast that QuinStreet, Inc. will post 0.12 earnings per share for the current year.

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.