Chicago Equity Partners LLC lessened its stake in QuinStreet Inc (NASDAQ:QNST) by 3.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 273,950 shares of the technology company’s stock after selling 9,860 shares during the quarter. Chicago Equity Partners LLC owned about 0.56% of QuinStreet worth $4,446,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. MERIAN GLOBAL INVESTORS UK Ltd bought a new stake in shares of QuinStreet in the third quarter worth about $10,420,000. AQR Capital Management LLC increased its holdings in shares of QuinStreet by 215.6% in the third quarter. AQR Capital Management LLC now owns 764,072 shares of the technology company’s stock worth $10,368,000 after acquiring an additional 521,999 shares in the last quarter. Osterweis Capital Management Inc. bought a new stake in shares of QuinStreet in the third quarter worth about $4,079,000. Nordea Investment Management AB bought a new stake in shares of QuinStreet in the third quarter worth about $4,072,000. Finally, Marshall Wace LLP bought a new stake in shares of QuinStreet in the third quarter worth about $3,802,000. Institutional investors and hedge funds own 84.23% of the company’s stock.
NASDAQ:QNST opened at $13.66 on Tuesday. The stock has a market cap of $728.01 million, a P/E ratio of 42.69, a PEG ratio of 1.09 and a beta of 0.73. QuinStreet Inc has a 52-week low of $9.76 and a 52-week high of $20.02.
QuinStreet (NASDAQ:QNST) last posted its quarterly earnings data on Thursday, February 7th. The technology company reported $0.12 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.11 by $0.01. The business had revenue of $104.10 million during the quarter, compared to the consensus estimate of $103.43 million. QuinStreet had a return on equity of 13.16% and a net margin of 15.83%. QuinStreet’s quarterly revenue was up 19.0% on a year-over-year basis. During the same period last year, the company earned $0.07 earnings per share. On average, analysts anticipate that QuinStreet Inc will post 0.54 EPS for the current year.
Several equities research analysts have issued reports on the company. Zacks Investment Research upgraded QuinStreet from a “hold” rating to a “buy” rating and set a $19.00 price target for the company in a report on Wednesday, November 7th. BidaskClub downgraded QuinStreet from a “strong-buy” rating to a “buy” rating in a report on Tuesday, November 20th. ValuEngine upgraded QuinStreet from a “hold” rating to a “buy” rating in a report on Monday, February 4th. Finally, Craig Hallum restated a “buy” rating on shares of QuinStreet in a report on Wednesday, October 31st. One research analyst has rated the stock with a sell rating and seven have issued a buy rating to the stock. QuinStreet has an average rating of “Buy” and an average target price of $17.79.
In related news, Director James R. Simons sold 13,888 shares of the stock in a transaction dated Thursday, November 15th. The stock was sold at an average price of $15.46, for a total transaction of $214,708.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Gregory Wong sold 4,411 shares of the stock in a transaction dated Friday, November 16th. The stock was sold at an average price of $15.22, for a total value of $67,135.42. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 112,496 shares of company stock valued at $1,790,786. 12.50% of the stock is owned by corporate insiders.
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QuinStreet, Inc, an Internet performance marketing company, provides customer acquisition services for its clients in the United States and internationally. It offers online marketing services to its clients in the form of qualified leads, inquiries, clicks, calls, applications, customers, display advertisements, or impressions through its Websites or third-party publishers.
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