Martingale Asset Management L P acquired a new stake in QuinStreet Inc (NASDAQ:QNST) in the fourth quarter, HoldingsChannel.com reports. The firm acquired 15,329 shares of the technology company’s stock, valued at approximately $129,000.
A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Citadel Advisors LLC raised its holdings in QuinStreet by 434.8% in the 4th quarter. Citadel Advisors LLC now owns 69,957 shares of the technology company’s stock valued at $586,000 after buying an additional 56,877 shares during the last quarter. Arrowstreet Capital Limited Partnership bought a new position in QuinStreet in the 4th quarter valued at approximately $3,816,000. Systematic Financial Management LP bought a new position in QuinStreet in the 4th quarter valued at approximately $1,203,000. Bank of New York Mellon Corp raised its holdings in QuinStreet by 19.0% in the 4th quarter. Bank of New York Mellon Corp now owns 481,221 shares of the technology company’s stock valued at $4,031,000 after buying an additional 76,854 shares during the last quarter. Finally, Rhumbline Advisers raised its holdings in QuinStreet by 13.9% in the 4th quarter. Rhumbline Advisers now owns 83,538 shares of the technology company’s stock valued at $700,000 after buying an additional 10,226 shares during the last quarter. Institutional investors and hedge funds own 67.21% of the company’s stock.
A number of research analysts recently issued reports on QNST shares. Zacks Investment Research upgraded shares of QuinStreet from a “hold” rating to a “buy” rating and set a $13.00 price objective for the company in a report on Friday, February 9th. Stephens reiterated a “buy” rating and issued a $11.50 price objective on shares of QuinStreet in a report on Thursday, February 1st. Finally, Barrington Research started coverage on shares of QuinStreet in a report on Tuesday, November 28th. They issued an “outperform” rating and a $12.50 price objective for the company.
QuinStreet Inc (NASDAQ QNST) opened at $14.12 on Monday. The stock has a market cap of $652.83, a P/E ratio of 94.13, a P/E/G ratio of 3.14 and a beta of 0.89. QuinStreet Inc has a fifty-two week low of $3.15 and a fifty-two week high of $14.38.
QuinStreet (NASDAQ:QNST) last released its earnings results on Wednesday, January 31st. The technology company reported $0.07 earnings per share for the quarter, beating analysts’ consensus estimates of $0.01 by $0.06. The business had revenue of $87.49 million during the quarter, compared to the consensus estimate of $75.18 million. QuinStreet had a net margin of 0.78% and a return on equity of 5.77%. The company’s revenue for the quarter was up 33.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.04) EPS. equities analysts expect that QuinStreet Inc will post 0.18 earnings per share for the current year.
In other QuinStreet news, Director James R. Simons sold 229,627 shares of the stock in a transaction that occurred on Thursday, January 18th. The shares were sold at an average price of $9.00, for a total transaction of $2,066,643.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Douglas Valenti sold 50,000 shares of the stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $12.52, for a total transaction of $626,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 741,367 shares of company stock valued at $7,573,939 in the last three months. Insiders own 24.10% of the company’s stock.
QuinStreet, Inc is an online performance marketing company. The Company provides vertically oriented customer acquisition programs for its clients. The Company operating segments include Direct Marketing Services (DMS) business. Its DMS business derives its net revenue from fees earned through the delivery of qualified leads, clicks, calls or customers, and display advertisements, or impressions.
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