QuinStreet, Inc. (NASDAQ:QNST) Shares Bought by Fox Run Management L.L.C.

Fox Run Management L.L.C. grew its stake in shares of QuinStreet, Inc. (NASDAQ:QNST) by 122.7% in the 4th quarter, Holdings Channel.com reports. The fund owned 36,875 shares of the technology company’s stock after purchasing an additional 20,316 shares during the quarter. Fox Run Management L.L.C.’s holdings in QuinStreet were worth $851,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Quantbot Technologies LP acquired a new position in QuinStreet during the 3rd quarter worth $29,000. Arcadia Investment Management Corp MI bought a new position in shares of QuinStreet in the 4th quarter worth about $38,000. KBC Group NV lifted its position in shares of QuinStreet by 64.5% in the 4th quarter. KBC Group NV now owns 3,562 shares of the technology company’s stock worth $82,000 after buying an additional 1,396 shares during the last quarter. PNC Financial Services Group Inc. lifted its position in shares of QuinStreet by 43.9% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,808 shares of the technology company’s stock worth $88,000 after buying an additional 1,162 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC bought a new position in shares of QuinStreet in the 4th quarter worth about $112,000. 97.83% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. Lake Street Capital raised their price target on shares of QuinStreet from $25.00 to $27.00 and gave the stock a “hold” rating in a research report on Friday, February 7th. Barrington Research restated an “outperform” rating and issued a $29.00 price target on shares of QuinStreet in a research report on Friday, February 7th. B. Riley reiterated a “buy” rating and issued a $34.00 price objective (up from $32.00) on shares of QuinStreet in a research report on Friday, February 7th. Finally, StockNews.com upgraded shares of QuinStreet from a “sell” rating to a “hold” rating in a research report on Monday, February 10th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $29.80.

QuinStreet Stock Up 1.8 %

Shares of NASDAQ:QNST opened at $18.58 on Monday. The company has a market cap of $1.05 billion, a PE ratio of -84.45 and a beta of 1.13. The company’s 50-day moving average price is $21.11 and its 200 day moving average price is $20.97. QuinStreet, Inc. has a fifty-two week low of $15.20 and a fifty-two week high of $26.27.

QuinStreet (NASDAQ:QNST) last released 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 return on equity of 4.13% and a negative net margin of 1.31%. As a group, equities analysts anticipate that QuinStreet, Inc. will post 0.12 EPS for the current year.

Insiders Place Their Bets

In other news, CFO Gregory Wong sold 8,516 shares of QuinStreet 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 owns 337,031 shares of the company’s stock, valued at $7,711,269.28. The trade was a 2.46 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Douglas Valenti sold 10,000 shares of QuinStreet stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $25.02, for a total transaction of $250,200.00. Following the completion of the transaction, the chief executive officer now directly owns 1,836,754 shares in the company, valued at $45,955,585.08. This represents a 0.54 % decrease in their position. The disclosure for this sale can be found here. 5.00% of the stock is owned by insiders.

About QuinStreet

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.