Louisiana State Employees Retirement System Buys 500 Shares of QuinStreet, Inc. (NASDAQ:QNST)

Louisiana State Employees Retirement System raised its stake in shares of QuinStreet, Inc. (NASDAQ:QNST) by 1.9% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 27,200 shares of the technology company’s stock after acquiring an additional 500 shares during the quarter. Louisiana State Employees Retirement System’s holdings in QuinStreet were worth $628,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of QNST. US Bancorp DE raised its holdings in QuinStreet by 880.3% during the third quarter. US Bancorp DE now owns 1,392 shares of the technology company’s stock valued at $27,000 after buying an additional 1,250 shares in the last quarter. Quantbot Technologies LP bought a new position in QuinStreet during the third quarter valued at about $29,000. KBC Group NV raised 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 valued at $82,000 after buying an additional 1,396 shares in the last quarter. Quarry LP raised its holdings in QuinStreet by 279.7% during the third quarter. Quarry LP now owns 8,681 shares of the technology company’s stock valued at $166,000 after buying an additional 6,395 shares in the last quarter. Finally, Centiva Capital LP bought a new position in QuinStreet during the third quarter valued at about $244,000. 97.83% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other QuinStreet news, CEO Douglas Valenti sold 10,000 shares of the firm’s stock in a transaction dated 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 owns 1,836,754 shares in the company, valued at $45,955,585.08. This trade represents a 0.54 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Stuart Huizinga sold 7,020 shares of the firm’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $23.21, for a total transaction of $162,934.20. Following the transaction, the director now owns 174,903 shares of the company’s stock, valued at approximately $4,059,498.63. This represents a 3.86 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 20,000 shares of company stock worth $481,674 over the last quarter. Company insiders own 5.00% of the company’s stock.

QuinStreet Stock Up 1.2 %

QNST stock opened at $22.91 on Wednesday. QuinStreet, Inc. has a twelve month low of $14.14 and a twelve month high of $26.27. The company has a market cap of $1.29 billion, a PE ratio of -104.14 and a beta of 1.06. The business’s 50-day simple moving average is $22.82 and its 200 day simple moving average is $20.82.

QuinStreet (NASDAQ:QNST) last released its 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 return on equity of 4.16% and a negative net margin of 1.31%. On average, equities research analysts anticipate that QuinStreet, Inc. will post 0.15 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. Barrington Research reaffirmed an “outperform” rating and issued a $29.00 price target on shares of QuinStreet in a research report on Friday, February 7th. B. Riley reaffirmed a “buy” rating and issued a $34.00 price target (up from $32.00) on shares of QuinStreet in a research report on Friday, February 7th. StockNews.com raised QuinStreet from a “sell” rating to a “hold” rating in a research report on Monday, February 10th. Lake Street Capital raised their price target on QuinStreet from $25.00 to $27.00 and gave the company a “hold” rating in a research report on Friday, February 7th. Finally, Stephens raised their price target on QuinStreet from $23.00 to $27.00 and gave the company an “overweight” rating in a research report on Tuesday, November 5th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $29.80.

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.