Kings Path Partners LLC Buys 15,138 Shares of QuinStreet, Inc. (NASDAQ:QNST)

Kings Path Partners LLC grew its stake in shares of QuinStreet, Inc. (NASDAQ:QNST) by 111.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 28,700 shares of the technology company’s stock after buying an additional 15,138 shares during the period. Kings Path Partners LLC owned 0.05% of QuinStreet worth $662,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of QNST. State of Alaska Department of Revenue lifted its stake in QuinStreet by 2.3% in the 3rd quarter. State of Alaska Department of Revenue now owns 31,544 shares of the technology company’s stock worth $603,000 after purchasing an additional 712 shares in the last quarter. The Manufacturers Life Insurance Company raised its stake in QuinStreet by 3.6% in the second quarter. The Manufacturers Life Insurance Company now owns 20,539 shares of the technology company’s stock valued at $341,000 after purchasing an additional 719 shares in the last quarter. US Bancorp DE lifted its position in QuinStreet by 880.3% during the third quarter. US Bancorp DE now owns 1,392 shares of the technology company’s stock valued at $27,000 after purchasing an additional 1,250 shares during the last quarter. Quantbot Technologies LP purchased a new position in QuinStreet in the 3rd quarter worth approximately $29,000. Finally, Rhumbline Advisers increased its holdings in shares of QuinStreet by 1.1% in the 2nd quarter. Rhumbline Advisers now owns 156,530 shares of the technology company’s stock worth $2,597,000 after buying an additional 1,652 shares during the last quarter. 97.83% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at QuinStreet

In other QuinStreet news, Director Matthew Glickman sold 30,000 shares of the business’s stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $22.63, for a total transaction of $678,900.00. Following the transaction, the director now directly owns 113,140 shares of the company’s stock, valued at approximately $2,560,358.20. The trade was a 20.96 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Stuart Huizinga sold 2,980 shares of the company’s stock in a transaction on Friday, November 29th. The stock was sold at an average price of $23.00, for a total transaction of $68,540.00. Following the completion of the transaction, the director now owns 171,923 shares of the company’s stock, valued at $3,954,229. This trade represents a 1.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 40,000 shares of company stock valued at $910,374 in the last 90 days. Insiders own 5.00% of the company’s stock.

QuinStreet Trading Down 2.5 %

Shares of NASDAQ:QNST traded down $0.60 during trading on Monday, reaching $22.95. 151,723 shares of the company traded hands, compared to its average volume of 274,627. QuinStreet, Inc. has a 52-week low of $11.22 and a 52-week high of $26.27. The firm has a market capitalization of $1.29 billion, a price-to-earnings ratio of -57.38 and a beta of 1.07. The business’s fifty day moving average is $22.08 and its 200-day moving average is $19.52.

QuinStreet (NASDAQ:QNST) last announced its quarterly earnings results on Monday, November 4th. The technology company reported $0.22 earnings per share for the quarter, beating the consensus estimate of $0.15 by $0.07. The business had revenue of $279.22 million during the quarter, compared to analysts’ expectations of $222.68 million. QuinStreet had a negative net margin of 2.88% and a negative return on equity of 8.79%. The firm’s revenue for the quarter was up 125.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.19) EPS. On average, sell-side analysts predict that QuinStreet, Inc. will post 0.15 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

QNST has been the subject of several research reports. Stephens upped their target price 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. Barrington Research reiterated an “outperform” rating and set a $29.00 price objective on shares of QuinStreet in a research report on Friday, December 6th. StockNews.com downgraded QuinStreet from a “hold” rating to a “sell” rating in a research report on Tuesday, December 10th. Lake Street Capital upped their target price on QuinStreet from $20.00 to $25.00 and gave the stock a “hold” rating in a research note on Tuesday, November 5th. Finally, B. Riley lifted their price target on shares of QuinStreet from $24.00 to $32.00 and gave the stock a “buy” rating in a research note on Tuesday, November 5th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, QuinStreet presently has an average rating of “Moderate Buy” and a consensus target price of $29.00.

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.