QuinStreet, Inc. (NASDAQ:QNST) Shares Bought by Portolan Capital Management LLC

Portolan Capital Management LLC increased its stake in QuinStreet, Inc. (NASDAQ:QNST) by 14.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 917,215 shares of the technology company’s stock after acquiring an additional 115,522 shares during the period. QuinStreet makes up about 1.4% of Portolan Capital Management LLC’s holdings, making the stock its 19th largest holding. Portolan Capital Management LLC owned about 1.63% of QuinStreet worth $21,160,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of QNST. Arcadia Investment Management Corp MI acquired a new stake in QuinStreet in the 4th quarter valued at about $38,000. KBC Group NV lifted its stake in QuinStreet by 64.5% in the fourth quarter. KBC Group NV now owns 3,562 shares of the technology company’s stock worth $82,000 after acquiring an additional 1,396 shares during the last quarter. PNC Financial Services Group Inc. grew its holdings in QuinStreet by 43.9% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,808 shares of the technology company’s stock worth $88,000 after acquiring an additional 1,162 shares in the last quarter. Steward Partners Investment Advisory LLC acquired a new position in QuinStreet during the 4th quarter worth approximately $112,000. Finally, BankPlus Trust Department purchased a new stake in shares of QuinStreet in the 4th quarter valued at approximately $198,000. 97.83% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CFO Gregory Wong sold 8,516 shares of the stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $22.88, for a total transaction of $194,846.08. Following the completion of the sale, the chief financial officer now directly owns 337,031 shares of the company’s stock, valued at $7,711,269.28. This trade represents a 2.46 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Douglas Valenti sold 10,000 shares of the business’s stock in a transaction 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 transaction, the chief executive officer now directly owns 1,836,754 shares in the company, valued at $45,955,585.08. This represents a 0.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 5.00% of the company’s stock.

Wall Street Analysts Forecast Growth

QNST has been the subject of several recent analyst reports. Barrington Research reaffirmed an “outperform” rating and set a $29.00 price objective on shares of QuinStreet in a research report on Wednesday, March 26th. B. Riley reaffirmed a “buy” rating and set a $34.00 price objective (up from $32.00) on shares of QuinStreet in a research report on Friday, February 7th. StockNews.com upgraded shares of QuinStreet from a “sell” rating to a “hold” rating in a research note on Monday, February 10th. Finally, Lake Street Capital boosted their price objective on shares of QuinStreet from $25.00 to $27.00 and gave the stock a “hold” rating in a research report on Friday, February 7th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, QuinStreet presently has an average rating of “Moderate Buy” and a consensus target price of $29.80.

QuinStreet Trading Down 0.5 %

Shares of NASDAQ QNST opened at $15.21 on Monday. The stock has a market cap of $858.89 million, a P/E ratio of -69.14 and a beta of 0.91. QuinStreet, Inc. has a twelve month low of $14.00 and a twelve month high of $26.27. The stock has a 50 day moving average of $19.08 and a two-hundred day moving average of $20.66.

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

QuinStreet Company 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.