QuinStreet, Inc. (NASDAQ:QNST) Shares Bought by Occudo Quantitative Strategies LP

Occudo Quantitative Strategies LP increased its holdings in shares of QuinStreet, Inc. (NASDAQ:QNST) by 19.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 25,689 shares of the technology company’s stock after purchasing an additional 4,094 shares during the period. Occudo Quantitative Strategies LP’s holdings in QuinStreet were worth $593,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of QNST. Driehaus Capital Management LLC lifted its position in shares of QuinStreet by 28.4% during the fourth quarter. Driehaus Capital Management LLC now owns 2,787,695 shares of the technology company’s stock worth $64,312,000 after purchasing an additional 617,216 shares during the last quarter. Invesco Ltd. raised its holdings in shares of QuinStreet by 177.8% during the fourth quarter. Invesco Ltd. now owns 946,108 shares of the technology company’s stock valued at $21,827,000 after buying an additional 605,500 shares during the last quarter. G2 Investment Partners Management LLC acquired a new position in QuinStreet during the 4th quarter worth $7,203,000. BNP Paribas Financial Markets boosted its holdings in shares of QuinStreet by 537.4% in the fourth quarter. BNP Paribas Financial Markets now owns 332,763 shares of the technology company’s stock valued at $7,677,000 after acquiring an additional 280,554 shares in the last quarter. Finally, Oberweis Asset Management Inc. bought a new stake in shares of QuinStreet in the 4th quarter worth $5,191,000. 97.83% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at QuinStreet

In other QuinStreet news, CFO Gregory Wong sold 8,516 shares of the firm’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 value of $194,846.08. Following 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 5.00% of the stock is currently owned by corporate insiders.

QuinStreet Price Performance

Shares of QNST stock opened at $15.88 on Thursday. The stock’s fifty day simple moving average is $17.01 and its 200 day simple moving average is $20.30. QuinStreet, Inc. has a one year low of $14.39 and a one year high of $26.27. The firm has a market cap of $896.73 million, a price-to-earnings ratio of -72.18 and a beta of 0.79.

QuinStreet (NASDAQ:QNST) last posted its quarterly earnings data on Wednesday, May 7th. The technology company reported $0.21 EPS for the quarter, topping 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 company had revenue of $269.84 million for the quarter, compared to analyst estimates of $270.36 million. During the same quarter in the previous year, the firm earned $0.06 earnings per share. The business’s revenue was up 60.1% on a year-over-year basis. On average, research analysts anticipate that QuinStreet, Inc. will post 0.12 earnings per share for the current year.

Analysts Set New Price Targets

QNST has been the subject of several research reports. Lake Street Capital reduced their price objective on QuinStreet from $27.00 to $19.00 and set a “hold” rating for the company in a research note on Thursday, May 8th. B. Riley reissued a “buy” rating and set a $34.00 target price (up previously from $32.00) on shares of QuinStreet in a research note on Friday, February 7th. Stephens reaffirmed an “overweight” rating and set a $31.00 price objective on shares of QuinStreet in a research report on Thursday, May 8th. Barrington Research reaffirmed an “outperform” rating and issued a $29.00 price target on shares of QuinStreet in a research report on Wednesday, April 23rd. Finally, StockNews.com upgraded 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 given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $29.00.

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.