Quantinno Capital Management LP Has $1.49 Million Stock Position in QuinStreet, Inc. $QNST

Quantinno Capital Management LP raised its stake in QuinStreet, Inc. (NASDAQ:QNST) by 134.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 124,437 shares of the technology company’s stock after acquiring an additional 71,369 shares during the quarter. Quantinno Capital Management LP owned about 0.22% of QuinStreet worth $1,494,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of QNST. PNC Financial Services Group Inc. grew its position in shares of QuinStreet by 54.4% in the first quarter. PNC Financial Services Group Inc. now owns 3,027 shares of the technology company’s stock valued at $36,000 after purchasing an additional 1,066 shares during the last quarter. Farther Finance Advisors LLC increased its stake in shares of QuinStreet by 10.2% during the fourth quarter. Farther Finance Advisors LLC now owns 7,896 shares of the technology company’s stock worth $113,000 after purchasing an additional 730 shares during the period. FJ Capital Management LLC acquired a new stake in QuinStreet during the 3rd quarter worth approximately $135,000. Tripletail Wealth Management LLC lifted its holdings in QuinStreet by 35.2% during the 4th quarter. Tripletail Wealth Management LLC now owns 9,290 shares of the technology company’s stock worth $133,000 after purchasing an additional 2,420 shares during the last quarter. Finally, Cerity Partners LLC bought a new stake in QuinStreet in the 2nd quarter valued at $170,000. 97.83% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CFO Gregory Wong sold 26,296 shares of the firm’s stock in a transaction on Friday, August 7th. The stock was sold at an average price of $20.09, for a total value of $528,286.64. Following the transaction, the chief financial officer owned 521,883 shares in the company, valued at approximately $10,484,629.47. This trade represents a 4.80% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Douglas Valenti sold 751,631 shares of the business’s stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $20.50, for a total value of $15,408,435.50. Following the completion of the transaction, the chief executive officer directly owned 996,278 shares of the company’s stock, valued at approximately $20,423,699. This trade represents a 43.00% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last quarter, insiders have sold 825,322 shares of company stock worth $16,668,917. Company insiders own 5.00% of the company’s stock.

QuinStreet Trading Down 0.2%

Shares of QNST stock opened at $20.74 on Friday. The stock has a market cap of $1.19 billion, a P/E ratio of 14.71 and a beta of 0.66. QuinStreet, Inc. has a 1 year low of $10.28 and a 1 year high of $22.29. The company has a current ratio of 1.22, a quick ratio of 1.18 and a debt-to-equity ratio of 0.22. The stock has a 50 day simple moving average of $15.50 and a 200 day simple moving average of $13.34.

QuinStreet (NASDAQ:QNST) last posted its quarterly earnings data on Thursday, August 6th. The technology company reported $0.50 EPS for the quarter, topping analysts’ consensus estimates of $0.44 by $0.06. The firm had revenue of $373.88 million for the quarter, compared to analyst estimates of $359.95 million. QuinStreet had a return on equity of 12.73% and a net margin of 6.28%. On average, research analysts predict that QuinStreet, Inc. will post 0.94 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. B. Riley Financial reaffirmed a “buy” rating on shares of QuinStreet in a report on Friday, August 7th. Zacks Research raised QuinStreet from a “strong sell” rating to a “hold” rating in a report on Thursday, July 30th. Weiss Ratings raised shares of QuinStreet from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, July 9th. Wall Street Zen upgraded shares of QuinStreet from a “hold” rating to a “buy” rating in a research note on Saturday, August 1st. Finally, Lake Street Capital raised shares of QuinStreet from a “hold” rating to a “buy” rating and set a $21.00 price target on the stock in a research report on Friday, August 7th. Four investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $22.00.

About QuinStreet

QuinStreet, Inc operates a technology-based performance marketing platform that connects companies with prospective customers across multiple verticals. The company specializes in data-driven lead generation for financial services, education, insurance, healthcare, and home services firms. By leveraging proprietary targeting algorithms and real-time analytics, QuinStreet manages customized digital marketing campaigns to optimize customer acquisition and retention for its clients.

Through a portfolio of consumer-facing websites and comparison platforms, QuinStreet delivers targeted visitors who are actively researching products and services.