240,780 Shares in QuinStreet Inc (QNST) Acquired by Chicago Equity Partners LLC
Chicago Equity Partners LLC acquired a new stake in shares of QuinStreet Inc (NASDAQ:QNST) in the 4th quarter, HoldingsChannel reports. The firm acquired 240,780 shares of the technology company’s stock, valued at approximately $2,018,000.
A number of other institutional investors and hedge funds also recently bought and sold shares of QNST. Vanguard Group Inc. increased its position in QuinStreet by 22.3% during the 2nd quarter. Vanguard Group Inc. now owns 1,623,130 shares of the technology company’s stock worth $6,768,000 after purchasing an additional 296,222 shares during the period. Dimensional Fund Advisors LP increased its position in QuinStreet by 9.9% during the 3rd quarter. Dimensional Fund Advisors LP now owns 932,647 shares of the technology company’s stock worth $6,855,000 after purchasing an additional 84,301 shares during the period. State Street Corp increased its position in QuinStreet by 4.5% during the 2nd quarter. State Street Corp now owns 764,300 shares of the technology company’s stock worth $3,184,000 after purchasing an additional 32,730 shares during the period. Northern Trust Corp increased its position in QuinStreet by 10.6% during the 2nd quarter. Northern Trust Corp now owns 424,285 shares of the technology company’s stock worth $1,769,000 after purchasing an additional 40,747 shares during the period. Finally, Acadian Asset Management LLC increased its position in QuinStreet by 4,050.6% during the 4th quarter. Acadian Asset Management LLC now owns 208,736 shares of the technology company’s stock worth $1,748,000 after purchasing an additional 203,707 shares during the period. 63.02% of the stock is owned by hedge funds and other institutional investors.
Several equities analysts have issued reports on QNST shares. Barrington Research started coverage on QuinStreet in a research report on Tuesday, November 28th. They set an “outperform” rating and a $12.50 target price on the stock. Stephens reiterated a “buy” rating and set a $11.50 target price on shares of QuinStreet in a research report on Thursday, February 1st.
QuinStreet (NASDAQ:QNST) last released its quarterly earnings results on Wednesday, January 31st. The technology company reported $0.07 earnings per share for the quarter, topping analysts’ consensus estimates of $0.01 by $0.06. The business had revenue of $87.49 million for the quarter, compared to analysts’ expectations of $75.18 million. QuinStreet had a return on equity of 5.77% and a net margin of 0.78%. The company’s revenue 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. research analysts forecast that QuinStreet Inc will post 0.11 earnings per share for the current year.
In related news, Director John G. Mcdonald sold 14,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 29th. The stock was sold at an average price of $10.37, for a total value of $145,180.00. Following the sale, the director now owns 67,671 shares in the company, valued at approximately $701,748.27. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director James R. Simons sold 229,716 shares of the company’s stock in a transaction that occurred on Tuesday, December 19th. The stock was sold at an average price of $8.63, for a total value of $1,982,449.08. The disclosure for this sale can be found here. In the last 90 days, insiders sold 475,650 shares of company stock worth $4,214,765. Insiders own 24.10% of the company’s stock.
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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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