Maridea Wealth Management LLC Purchases Shares of 10,480 QuinStreet, Inc. (NASDAQ:QNST)

Maridea Wealth Management LLC acquired a new position in shares of QuinStreet, Inc. (NASDAQ:QNST) during the 4th quarter, Holdings Channel reports. The firm acquired 10,480 shares of the technology company’s stock, valued at approximately $242,000.

Several other institutional investors also recently modified their holdings of the company. State of Alaska Department of Revenue boosted its position in QuinStreet by 1.4% during the fourth quarter. State of Alaska Department of Revenue now owns 31,976 shares of the technology company’s stock worth $737,000 after purchasing an additional 432 shares during the period. SG Americas Securities LLC lifted its stake in shares of QuinStreet by 1.8% during the 4th quarter. SG Americas Securities LLC now owns 26,060 shares of the technology company’s stock worth $601,000 after buying an additional 459 shares during the last quarter. Louisiana State Employees Retirement System boosted its holdings in shares of QuinStreet by 1.9% during the 4th quarter. Louisiana State Employees Retirement System now owns 27,200 shares of the technology company’s stock worth $628,000 after buying an additional 500 shares during the period. PNC Financial Services Group Inc. grew its stake 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 buying an additional 1,162 shares during the last quarter. Finally, KBC Group NV raised its holdings in 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. 97.83% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CFO Gregory Wong sold 8,516 shares of QuinStreet stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $22.88, for a total value of $194,846.08. Following the transaction, the chief financial officer now owns 337,031 shares in the company, valued at approximately $7,711,269.28. This trade represents a 2.46 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Douglas Valenti sold 10,000 shares of the company’s stock in a transaction 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 owns 1,836,754 shares of the company’s stock, valued at approximately $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.

QuinStreet Price Performance

QuinStreet stock opened at $17.92 on Friday. The stock’s fifty day moving average price is $20.80 and its two-hundred day moving average price is $20.95. The firm has a market cap of $1.01 billion, a PE ratio of -81.45 and a beta of 1.13. QuinStreet, Inc. has a one year low of $15.20 and a one year high of $26.27.

QuinStreet (NASDAQ:QNST) last posted its quarterly earnings results on Thursday, February 6th. The technology company reported ($0.03) EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.21). QuinStreet had a negative net margin of 1.31% and a negative return on equity of 4.13%. Sell-side analysts expect that QuinStreet, Inc. will post 0.12 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on QNST shares. Lake Street Capital upped their target price on QuinStreet from $25.00 to $27.00 and gave the company a “hold” rating in a research report on Friday, February 7th. B. Riley reaffirmed a “buy” rating and issued a $34.00 price objective (up from $32.00) on shares of QuinStreet in a report on Friday, February 7th. Barrington Research reissued an “outperform” rating and set a $29.00 target price on shares of QuinStreet in a report on Wednesday. Finally, StockNews.com upgraded shares of QuinStreet from a “sell” rating to a “hold” rating in a research note on Monday, February 10th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus 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.