Healthcare of Ontario Pension Plan Trust Fund Sells 59,749 Shares of QuinStreet, Inc. $QNST

Healthcare of Ontario Pension Plan Trust Fund trimmed its holdings in QuinStreet, Inc. (NASDAQ:QNSTFree Report) by 78.3% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 16,583 shares of the technology company’s stock after selling 59,749 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund’s holdings in QuinStreet were worth $199,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in QNST. PNC Financial Services Group Inc. grew its holdings in QuinStreet by 54.4% during the 1st quarter. PNC Financial Services Group Inc. now owns 3,027 shares of the technology company’s stock worth $36,000 after acquiring an additional 1,066 shares during the last quarter. Farther Finance Advisors LLC raised its stake in shares of QuinStreet by 10.2% in the fourth quarter. Farther Finance Advisors LLC now owns 7,896 shares of the technology company’s stock worth $113,000 after acquiring an additional 730 shares during the last quarter. Tripletail Wealth Management LLC lifted its position in shares of QuinStreet by 35.2% during the fourth quarter. Tripletail Wealth Management LLC now owns 9,290 shares of the technology company’s stock worth $133,000 after purchasing an additional 2,420 shares in the last quarter. FJ Capital Management LLC acquired a new position in shares of QuinStreet during the third quarter worth approximately $135,000. Finally, MQS Management LLC bought a new stake in shares of QuinStreet during the fourth quarter valued at approximately $159,000. Institutional investors and hedge funds own 97.83% of the company’s stock.

QuinStreet Price Performance

Shares of NASDAQ QNST opened at $15.50 on Monday. The firm has a market capitalization of $890.40 million, a PE ratio of 13.60 and a beta of 0.67. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.23. QuinStreet, Inc. has a 1 year low of $10.28 and a 1 year high of $18.02. The firm’s 50-day moving average is $14.34 and its 200-day moving average is $13.09.

QuinStreet (NASDAQ:QNSTGet Free Report) last issued its quarterly earnings results on Thursday, May 7th. The technology company reported $0.31 EPS for the quarter, topping the consensus estimate of $0.17 by $0.14. The company had revenue of $346.14 million during the quarter, compared to analysts’ expectations of $336.22 million. QuinStreet had a net margin of 5.53% and a return on equity of 9.97%. QuinStreet’s revenue was up 28.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.21 EPS. Equities analysts expect that QuinStreet, Inc. will post 0.53 EPS for the current year.

Insider Buying and Selling

In other QuinStreet news, CFO Gregory Wong sold 10,338 shares of QuinStreet stock in a transaction on Wednesday, July 1st. The shares were sold at an average price of $15.00, for a total transaction of $155,070.00. Following the completion of the sale, the chief financial officer owned 390,344 shares of the company’s stock, valued at approximately $5,855,160. The trade was a 2.58% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 5.00% of the company’s stock.

Wall Street Analyst Weigh In

QNST has been the subject of several research analyst reports. Weiss Ratings upgraded shares of QuinStreet from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, July 9th. Zacks Research upgraded QuinStreet from a “strong sell” rating to a “hold” rating in a research report on Thursday. Finally, Wall Street Zen raised QuinStreet from a “hold” rating to a “buy” rating in a research note on Saturday. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $20.50.

Get Our Latest Stock Analysis on QNST

About QuinStreet

(Free Report)

QuinStreet, Inc operates a technology-based performance marketing platform that connects companies with prospective customers across multiple verticals. The company specializes in data-driven lead generation for financial services, education, insurance, healthcare, and home services firms. By leveraging proprietary targeting algorithms and real-time analytics, QuinStreet manages customized digital marketing campaigns to optimize customer acquisition and retention for its clients.

Through a portfolio of consumer-facing websites and comparison platforms, QuinStreet delivers targeted visitors who are actively researching products and services.

Further Reading

Want to see what other hedge funds are holding QNST? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for QuinStreet, Inc. (NASDAQ:QNSTFree Report).

Institutional Ownership by Quarter for QuinStreet (NASDAQ:QNST)

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