Integrated Quantitative Investments LLC Takes $383,000 Position in QuinStreet, Inc. (NASDAQ:QNST)

Integrated Quantitative Investments LLC purchased a new position in QuinStreet, Inc. (NASDAQ:QNST) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 16,600 shares of the technology company’s stock, valued at approximately $383,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in QNST. Quantbot Technologies LP bought a new stake in QuinStreet in the third quarter worth about $29,000. Arcadia Investment Management Corp MI purchased a new stake in shares of QuinStreet during the 4th quarter worth approximately $38,000. KBC Group NV raised its holdings in shares of QuinStreet by 64.5% in the 4th 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. PNC Financial Services Group Inc. lifted its stake in QuinStreet by 43.9% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,808 shares of the technology company’s stock valued at $88,000 after purchasing an additional 1,162 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC purchased a new position in QuinStreet in the fourth quarter valued at approximately $112,000. 97.83% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have issued reports on QNST. Lake Street Capital boosted their target price on QuinStreet from $25.00 to $27.00 and gave the company a “hold” rating in a research note on Friday, February 7th. Barrington Research reissued an “outperform” rating and issued a $29.00 price objective on shares of QuinStreet in a report on Wednesday, March 26th. StockNews.com raised shares of QuinStreet from a “sell” rating to a “hold” rating in a report on Monday, February 10th. Finally, B. Riley reiterated a “buy” rating and issued a $34.00 target price (up previously from $32.00) on shares of QuinStreet in a research note on Friday, February 7th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, QuinStreet has a consensus rating of “Moderate Buy” and an average price target of $29.80.

QuinStreet Trading Down 4.8 %

Shares of QuinStreet stock opened at $15.55 on Friday. The company’s 50-day moving average price is $20.29 and its 200-day moving average price is $20.87. QuinStreet, Inc. has a 12-month low of $15.20 and a 12-month high of $26.27. The company has a market cap of $878.09 million, a price-to-earnings ratio of -70.68 and a beta of 0.91.

QuinStreet (NASDAQ:QNST) last posted its earnings results on Thursday, February 6th. The technology company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.21). QuinStreet had a negative return on equity of 4.13% and a negative net margin of 1.31%. On average, sell-side analysts predict that QuinStreet, Inc. will post 0.12 earnings per share for the current year.

Insider Buying and Selling

In related news, CEO Douglas Valenti sold 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $25.02, for a total value of $250,200.00. Following the transaction, the chief executive officer now directly owns 1,836,754 shares in the company, valued at approximately $45,955,585.08. This represents a 0.54 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 transaction of $194,846.08. Following the sale, the chief financial officer now owns 337,031 shares of the company’s stock, valued at approximately $7,711,269.28. The trade was a 2.46 % 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.

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.