152,071 Shares in QuinStreet, Inc. (NASDAQ:QNST) Purchased by SVB Wealth LLC

SVB Wealth LLC acquired a new position in QuinStreet, Inc. (NASDAQ:QNST) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 152,071 shares of the technology company’s stock, valued at approximately $3,508,000. SVB Wealth LLC owned 0.27% of QuinStreet as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of QNST. US Bancorp DE lifted its holdings in QuinStreet by 880.3% in the third quarter. US Bancorp DE now owns 1,392 shares of the technology company’s stock worth $27,000 after purchasing an additional 1,250 shares during the period. Quantbot Technologies LP bought a new stake in QuinStreet in the third quarter worth about $29,000. Arcadia Investment Management Corp MI bought a new stake in QuinStreet in the fourth quarter worth about $38,000. KBC Group NV raised its position in QuinStreet by 64.5% in the fourth quarter. KBC Group NV now owns 3,562 shares of the technology company’s stock worth $82,000 after acquiring an additional 1,396 shares in the last quarter. Finally, Quarry LP raised its position in QuinStreet by 279.7% in the third quarter. Quarry LP now owns 8,681 shares of the technology company’s stock worth $166,000 after acquiring an additional 6,395 shares in the last quarter. Institutional investors and hedge funds own 97.83% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on QNST. Lake Street Capital boosted 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 reiterated an “outperform” rating and issued a $29.00 price target on shares of QuinStreet in a research report on Friday, February 7th. StockNews.com upgraded shares of QuinStreet from a “sell” rating to a “hold” rating in a research report on Monday, February 10th. Stephens boosted their price target on shares of QuinStreet from $23.00 to $27.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 5th. Finally, Craig Hallum boosted their price target on shares of QuinStreet from $25.00 to $32.00 and gave the stock a “buy” rating in a research report on Tuesday, November 5th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, QuinStreet has an average rating of “Moderate Buy” and a consensus target price of $29.80.

Insider Buying and Selling at QuinStreet

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

QuinStreet Trading Up 1.5 %

NASDAQ QNST opened at $19.58 on Friday. The stock’s 50-day moving average price is $22.59 and its two-hundred day moving average price is $20.96. The company has a market cap of $1.11 billion, a PE ratio of -89.00 and a beta of 1.06. QuinStreet, Inc. has a 1 year low of $14.14 and a 1 year high of $26.27.

QuinStreet (NASDAQ:QNST) last released its earnings results on Thursday, February 6th. The technology company reported ($0.03) earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.21). QuinStreet had a negative net margin of 1.31% and a negative return on equity of 4.13%. Research analysts forecast that QuinStreet, Inc. will post 0.12 EPS for the current fiscal year.

QuinStreet Company 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.