Thompson Siegel & Walmsley LLC purchased a new stake in shares of QuinStreet Inc (NASDAQ:QNST) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund purchased 9,650 shares of the technology company’s stock, valued at approximately $123,000.

Other institutional investors also recently made changes to their positions in the company. Royal Bank of Canada grew its holdings in shares of QuinStreet by 717.4% during the 1st quarter. Royal Bank of Canada now owns 17,714 shares of the technology company’s stock valued at $226,000 after purchasing an additional 15,547 shares during the last quarter. KBC Group NV grew its holdings in shares of QuinStreet by 86.0% during the 2nd quarter. KBC Group NV now owns 94,445 shares of the technology company’s stock valued at $1,199,000 after purchasing an additional 43,681 shares during the last quarter. Rutabaga Capital Management LLC MA grew its holdings in shares of QuinStreet by 3.8% during the 2nd quarter. Rutabaga Capital Management LLC MA now owns 297,640 shares of the technology company’s stock valued at $3,780,000 after purchasing an additional 10,900 shares during the last quarter. Hsbc Holdings PLC bought a new stake in shares of QuinStreet during the 1st quarter valued at approximately $2,573,000. Finally, Chicago Equity Partners LLC grew its holdings in shares of QuinStreet by 18.3% during the 1st quarter. Chicago Equity Partners LLC now owns 284,925 shares of the technology company’s stock valued at $3,638,000 after purchasing an additional 44,145 shares during the last quarter. 80.89% of the stock is currently owned by institutional investors.

In other QuinStreet news, Director Andrew T. Sheehan sold 21,034 shares of the business’s stock in a transaction that occurred on Monday, June 11th. The shares were sold at an average price of $13.73, for a total transaction of $288,796.82. Following the sale, the director now directly owns 28,888 shares of the company’s stock, valued at approximately $396,632.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director James R. Simons sold 4,597 shares of the business’s stock in a transaction that occurred on Thursday, August 23rd. The stock was sold at an average price of $15.46, for a total transaction of $71,069.62. The disclosure for this sale can be found here. Insiders have sold a total of 1,674,207 shares of company stock worth $24,212,345 over the last three months. Insiders own 24.10% of the company’s stock.

QNST opened at $15.56 on Wednesday. QuinStreet Inc has a fifty-two week low of $4.95 and a fifty-two week high of $16.42. The company has a market cap of $755.09 million, a price-to-earnings ratio of 48.54, a price-to-earnings-growth ratio of 1.19 and a beta of 0.98.

QuinStreet (NASDAQ:QNST) last posted its earnings results on Tuesday, August 7th. The technology company reported $0.13 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.07 by $0.06. QuinStreet had a net margin of 3.94% and a return on equity of 12.72%. The firm had revenue of $111.50 million for the quarter, compared to analyst estimates of $100.62 million. During the same period in the previous year, the firm posted $0.06 EPS. The company’s revenue for the quarter was up 36.8% compared to the same quarter last year. equities analysts predict that QuinStreet Inc will post 0.54 earnings per share for the current fiscal year.

Several equities research analysts recently issued reports on QNST shares. TheStreet raised shares of QuinStreet from a “c+” rating to a “b-” rating in a report on Monday, July 9th. BidaskClub raised shares of QuinStreet from a “hold” rating to a “buy” rating in a report on Friday, May 4th. Stephens reaffirmed a “buy” rating and set a $16.00 price target on shares of QuinStreet in a report on Tuesday, August 7th. Northland Securities started coverage on shares of QuinStreet in a report on Thursday, June 21st. They set an “outperform” rating and a $20.00 price target on the stock. Finally, Zacks Investment Research raised shares of QuinStreet from a “hold” rating to a “buy” rating and set a $16.00 price target on the stock in a report on Thursday, August 16th. Six analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $17.29.

QuinStreet Company Profile

QuinStreet, Inc, an Internet performance marketing and media company, provides customer acquisition services for its clients in the United States and internationally. It offers online marketing services to its clients in the form of qualified leads, inquiries, clicks, calls, applications, customers, display advertisements, or impressions through its Websites or third-party publishers.

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Institutional Ownership by Quarter for QuinStreet (NASDAQ:QNST)

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