QuinStreet, Inc. (NASDAQ:QNST) Stock Position Raised by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund lifted its stake in shares of QuinStreet, Inc. (NASDAQ:QNST) by 9.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 30,470 shares of the technology company’s stock after acquiring an additional 2,664 shares during the quarter. Illinois Municipal Retirement Fund owned 0.05% of QuinStreet worth $703,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. US Bancorp DE boosted its stake in shares of QuinStreet by 880.3% during the 3rd quarter. US Bancorp DE now owns 1,392 shares of the technology company’s stock worth $27,000 after acquiring an additional 1,250 shares in the last quarter. Quantbot Technologies LP bought a new stake in shares of QuinStreet during the 3rd quarter worth $29,000. Arcadia Investment Management Corp MI purchased a new stake in shares of QuinStreet in the fourth quarter valued at $38,000. KBC Group NV lifted its holdings in shares of QuinStreet by 64.5% in the fourth quarter. KBC Group NV now owns 3,562 shares of the technology company’s stock valued at $82,000 after purchasing an additional 1,396 shares in the last quarter. Finally, BankPlus Trust Department purchased a new stake in shares of QuinStreet in the fourth quarter valued at $198,000. 97.83% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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

Insiders Place Their Bets

In other news, CEO Douglas Valenti sold 10,000 shares of the firm’s stock in a transaction dated 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 directly owns 1,836,754 shares of the company’s stock, valued at approximately $45,955,585.08. This trade represents a 0.54 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Gregory Wong sold 8,516 shares of the firm’s stock in a transaction dated Tuesday, February 18th. The shares were 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 in the company, valued at approximately $7,711,269.28. This represents a 2.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 5.00% of the company’s stock.

QuinStreet Trading Down 3.7 %

Shares of NASDAQ:QNST opened at $18.85 on Tuesday. QuinStreet, Inc. has a 1 year low of $14.61 and a 1 year high of $26.27. The business has a fifty day simple moving average of $22.54 and a 200 day simple moving average of $21.00. The firm has a market cap of $1.06 billion, a price-to-earnings ratio of -85.68 and a beta of 1.06.

QuinStreet (NASDAQ:QNST) last announced its quarterly earnings data on Thursday, February 6th. The technology company reported ($0.03) earnings per share (EPS) 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%. On average, sell-side analysts forecast that QuinStreet, Inc. will post 0.12 EPS for the current year.

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.