Quantinno Capital Management LP Acquires 71,369 Shares of QuinStreet, Inc. $QNST

Quantinno Capital Management LP raised its holdings in QuinStreet, Inc. (NASDAQ:QNST) by 134.5% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 124,437 shares of the technology company’s stock after purchasing an additional 71,369 shares during the quarter. Quantinno Capital Management LP’s holdings in QuinStreet were worth $1,494,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of QNST. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of QuinStreet by 4.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 31,983 shares of the technology company’s stock worth $571,000 after buying an additional 1,381 shares during the last quarter. Millennium Management LLC boosted its stake in QuinStreet by 213.3% in the first quarter. Millennium Management LLC now owns 714,482 shares of the technology company’s stock valued at $12,746,000 after buying an additional 486,406 shares in the last quarter. Goldman Sachs Group Inc. grew its position in QuinStreet by 19.6% in the first quarter. Goldman Sachs Group Inc. now owns 540,286 shares of the technology company’s stock valued at $9,639,000 after acquiring an additional 88,431 shares during the last quarter. Caxton Associates LLP bought a new position in QuinStreet in the first quarter valued at about $299,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in QuinStreet by 1.9% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 113,366 shares of the technology company’s stock worth $2,022,000 after acquiring an additional 2,135 shares in the last quarter. Institutional investors own 97.83% of the company’s stock.

QuinStreet Trading Down 0.2%

Shares of QNST stock opened at $20.74 on Friday. QuinStreet, Inc. has a twelve month low of $10.28 and a twelve month high of $22.29. The stock’s fifty day simple moving average is $15.50 and its 200 day simple moving average is $13.34. The company has a quick ratio of 1.18, a current ratio of 1.22 and a debt-to-equity ratio of 0.22. The firm has a market capitalization of $1.19 billion, a P/E ratio of 14.71 and a beta of 0.66.

QuinStreet (NASDAQ:QNST) last posted its earnings results on Thursday, August 6th. The technology company reported $0.50 EPS for the quarter, beating the consensus estimate of $0.44 by $0.06. QuinStreet had a return on equity of 12.73% and a net margin of 6.28%.The firm had revenue of $373.88 million during the quarter, compared to the consensus estimate of $359.95 million. As a group, sell-side analysts predict that QuinStreet, Inc. will post 0.94 EPS for the current fiscal year.

Insider Activity

In related news, Director Asmau Ahmed sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 12th. The shares were sold at an average price of $20.43, for a total value of $204,300.00. Following the completion of the transaction, the director owned 49,979 shares in the company, valued at $1,021,070.97. This trade represents a 16.67% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Douglas Valenti sold 751,631 shares of QuinStreet stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $20.50, for a total transaction of $15,408,435.50. Following the sale, the chief executive officer owned 996,278 shares in the company, valued at approximately $20,423,699. This represents a 43.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 825,322 shares of company stock valued at $16,668,917 over the last quarter. 5.00% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. Lake Street Capital raised shares of QuinStreet from a “hold” rating to a “buy” rating and set a $21.00 target price for the company in a report on Friday, August 7th. Wall Street Zen raised shares of QuinStreet from a “hold” rating to a “buy” rating in a report on Saturday, August 1st. Weiss Ratings upgraded shares of QuinStreet from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, July 9th. B. Riley Financial reissued a “buy” rating on shares of QuinStreet in a research note on Friday, August 7th. Finally, Zacks Research upgraded shares of QuinStreet from a “strong sell” rating to a “hold” rating in a research report on Thursday, July 30th. Four research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $22.00.

About QuinStreet

QuinStreet, Inc operates a technology-based performance marketing platform that connects companies with prospective customers across multiple verticals. The company specializes in data-driven lead generation for financial services, education, insurance, healthcare, and home services firms. By leveraging proprietary targeting algorithms and real-time analytics, QuinStreet manages customized digital marketing campaigns to optimize customer acquisition and retention for its clients.

Through a portfolio of consumer-facing websites and comparison platforms, QuinStreet delivers targeted visitors who are actively researching products and services.