BankPlus Trust Department Acquires New Position in QuinStreet, Inc. (NASDAQ:QNST)

BankPlus Trust Department bought a new position in QuinStreet, Inc. (NASDAQ:QNST) in the 4th quarter, HoldingsChannel reports. The fund bought 8,577 shares of the technology company’s stock, valued at approximately $198,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. FMR LLC lifted its stake in shares of QuinStreet by 5.2% in the 3rd quarter. FMR LLC now owns 2,233,345 shares of the technology company’s stock worth $42,724,000 after acquiring an additional 109,892 shares during the period. State Street Corp lifted its stake in shares of QuinStreet by 2.1% in the 3rd quarter. State Street Corp now owns 1,989,976 shares of the technology company’s stock worth $38,068,000 after acquiring an additional 41,538 shares during the period. Geode Capital Management LLC lifted its stake in shares of QuinStreet by 3.0% in the 3rd quarter. Geode Capital Management LLC now owns 1,270,766 shares of the technology company’s stock worth $24,315,000 after acquiring an additional 36,963 shares during the period. Portolan Capital Management LLC lifted its stake in shares of QuinStreet by 9.6% in the 3rd quarter. Portolan Capital Management LLC now owns 801,693 shares of the technology company’s stock worth $15,336,000 after acquiring an additional 70,408 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of QuinStreet by 8.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 495,538 shares of the technology company’s stock worth $9,480,000 after acquiring an additional 40,236 shares during the period. Institutional investors own 97.83% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Craig Hallum upped their price target on shares of QuinStreet from $25.00 to $32.00 and gave the stock a “buy” rating in a research note on Tuesday, November 5th. Barrington Research reissued an “outperform” rating and set a $29.00 target price on shares of QuinStreet in a research note on Friday, February 7th. Stephens increased their target price on shares of QuinStreet from $23.00 to $27.00 and gave the company an “overweight” rating in a research note on Tuesday, November 5th. B. Riley reissued a “buy” rating and set a $34.00 target price (up from $32.00) on shares of QuinStreet in a research note on Friday, February 7th. Finally, StockNews.com raised shares of QuinStreet from a “sell” rating to a “hold” rating in a research note on Monday, February 10th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $29.80.

Insider Activity at QuinStreet

In related news, CEO Douglas Valenti sold 10,000 shares of the firm’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 transaction of $250,200.00. Following the completion of the sale, the chief executive officer now directly owns 1,836,754 shares in the company, valued at approximately $45,955,585.08. This trade represents a 0.54 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Gregory Wong sold 8,516 shares of the business’s 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 transaction, the chief financial officer now directly owns 337,031 shares in the company, valued at $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. Over the last ninety days, insiders have sold 21,496 shares of company stock valued at $513,586. Company insiders own 5.00% of the company’s stock.

QuinStreet Price Performance

QNST stock opened at $19.85 on Tuesday. The firm has a market cap of $1.12 billion, a PE ratio of -90.23 and a beta of 1.06. QuinStreet, Inc. has a 12 month low of $14.14 and a 12 month high of $26.27. The firm has a 50 day simple moving average of $22.80 and a 200 day simple moving average of $20.91.

QuinStreet (NASDAQ:QNST) last posted its quarterly earnings data on Thursday, February 6th. The technology company reported ($0.03) earnings per share 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%. As a group, sell-side analysts expect 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.