Swiss National Bank Increases Stock Position in QuinStreet, Inc. (NASDAQ:QNST)

Swiss National Bank grew its position in shares of QuinStreet, Inc. (NASDAQ:QNST) by 2.4% during the 4th quarter, HoldingsChannel.com reports. The firm owned 104,900 shares of the technology company’s stock after buying an additional 2,500 shares during the quarter. Swiss National Bank’s holdings in QuinStreet were worth $2,420,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Quantbot Technologies LP purchased a new position in QuinStreet during the 3rd quarter worth approximately $29,000. Arcadia Investment Management Corp MI purchased a new position in shares of QuinStreet during the fourth quarter worth approximately $38,000. KBC Group NV increased 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 valued at $82,000 after acquiring an additional 1,396 shares during the period. PNC Financial Services Group Inc. raised its position in QuinStreet by 43.9% in the 4th 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 acquired a new stake in QuinStreet during the 4th quarter worth $112,000. Institutional investors and hedge funds own 97.83% of the company’s stock.

QuinStreet Trading Down 0.4 %

Shares of QNST opened at $18.68 on Friday. The stock’s 50 day moving average is $20.89 and its two-hundred day moving average is $20.94. QuinStreet, Inc. has a twelve month low of $15.20 and a twelve month high of $26.27. The firm has a market capitalization of $1.05 billion, a PE ratio of -84.91 and a beta of 1.13.

QuinStreet (NASDAQ:QNST) last posted 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%. On average, sell-side analysts predict that QuinStreet, Inc. will post 0.12 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms have commented on QNST. B. Riley restated a “buy” rating and issued a $34.00 price objective (up from $32.00) on shares of QuinStreet in a research note on Friday, February 7th. StockNews.com raised QuinStreet from a “sell” rating to a “hold” rating in a research note on Monday, February 10th. Lake Street Capital lifted 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. Finally, Barrington Research restated an “outperform” rating and set a $29.00 price target on shares of QuinStreet in a research note on Wednesday. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $29.80.

Insider Buying and Selling at QuinStreet

In other QuinStreet news, CFO Gregory Wong sold 8,516 shares of the stock in a transaction dated 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 transaction, the chief financial officer now directly owns 337,031 shares of the company’s stock, valued at approximately $7,711,269.28. This trade represents a 2.46 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Douglas Valenti sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $25.02, for a total value of $250,200.00. Following the sale, the chief executive officer now directly owns 1,836,754 shares in the company, valued at $45,955,585.08. This trade represents a 0.54 % decrease in their position. The disclosure for this sale can be found here. 5.00% of the stock is owned by corporate insiders.

About QuinStreet

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.