Centiva Capital LP Increases Holdings in QuinStreet, Inc. (NASDAQ:QNST)

Centiva Capital LP increased its stake in shares of QuinStreet, Inc. (NASDAQ:QNST) by 18.7% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 15,131 shares of the technology company’s stock after buying an additional 2,380 shares during the quarter. Centiva Capital LP’s holdings in QuinStreet were worth $349,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in QNST. Invesco Ltd. lifted its position in QuinStreet by 177.8% during the fourth quarter. Invesco Ltd. now owns 946,108 shares of the technology company’s stock worth $21,827,000 after buying an additional 605,500 shares in the last quarter. BNP Paribas Financial Markets lifted its position in QuinStreet by 537.4% during the fourth quarter. BNP Paribas Financial Markets now owns 332,763 shares of the technology company’s stock worth $7,677,000 after buying an additional 280,554 shares in the last quarter. Oberweis Asset Management Inc. purchased a new position in QuinStreet during the fourth quarter worth approximately $5,191,000. American Century Companies Inc. lifted its position in QuinStreet by 9.9% during the fourth quarter. American Century Companies Inc. now owns 2,228,568 shares of the technology company’s stock worth $51,413,000 after buying an additional 201,052 shares in the last quarter. Finally, Marshall Wace LLP purchased a new position in QuinStreet during the fourth quarter worth approximately $4,174,000. Hedge funds and other institutional investors own 97.83% of the company’s stock.

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 completion of the sale, the chief financial officer now directly owns 337,031 shares of the company’s stock, valued at approximately $7,711,269.28. The trade was a 2.46% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 5.00% of the company’s stock.

QuinStreet Trading Down 5.0%

Shares of NASDAQ QNST opened at $14.86 on Monday. QuinStreet, Inc. has a twelve month low of $14.39 and a twelve month high of $26.27. The stock has a fifty day simple moving average of $17.16 and a 200-day simple moving average of $20.38. The stock has a market capitalization of $839.13 million, a PE ratio of -67.55 and a beta of 0.79.

QuinStreet (NASDAQ:QNST) last issued its quarterly earnings data on Wednesday, May 7th. The technology company reported $0.21 earnings per share for the quarter, beating analysts’ consensus estimates of $0.06 by $0.15. QuinStreet had a negative return on equity of 4.13% and a negative net margin of 1.31%. The business had revenue of $269.84 million during the quarter, compared to analysts’ expectations of $270.36 million. During the same period in the previous year, the firm posted $0.06 earnings per share. The company’s revenue was up 60.1% on a year-over-year basis. On average, equities analysts predict that QuinStreet, Inc. will post 0.12 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on QNST. StockNews.com upgraded QuinStreet from a “sell” rating to a “hold” rating in a research report on Monday, February 10th. B. Riley restated a “buy” rating and issued a $34.00 target price (up previously from $32.00) on shares of QuinStreet in a research report on Friday, February 7th. Lake Street Capital reduced their target price on QuinStreet from $27.00 to $19.00 and set a “hold” rating on the stock in a research report on Thursday. Stephens restated an “overweight” rating and issued a $31.00 target price on shares of QuinStreet in a research report on Thursday. Finally, Barrington Research restated an “outperform” rating and issued a $29.00 target price on shares of QuinStreet in a research report on Wednesday, April 23rd. Two analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $29.00.

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.