12,622 Shares in QuinStreet, Inc. (NASDAQ:QNST) Acquired by Verition Fund Management LLC

Verition Fund Management LLC acquired a new position in QuinStreet, Inc. (NASDAQ:QNST – Get Rating) in the 3rd quarter, Holdings Channel reports. The firm acquired 12,622 shares of the technology company’s stock, valued at approximately $133,000.

Several other hedge funds also recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its position in QuinStreet by 3.4% in the first quarter. Vanguard Group Inc. now owns 3,527,144 shares of the technology company’s stock worth $40,915,000 after acquiring an additional 116,300 shares during the period. Private Capital Management LLC boosted its position in shares of QuinStreet by 2.8% during the first quarter. Private Capital Management LLC now owns 3,220,774 shares of the technology company’s stock worth $37,361,000 after buying an additional 88,557 shares during the period. Thrivent Financial for Lutherans boosted its position in shares of QuinStreet by 5.0% during the second quarter. Thrivent Financial for Lutherans now owns 2,517,548 shares of the technology company’s stock worth $25,327,000 after buying an additional 120,497 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of QuinStreet by 7.2% during the third quarter. Dimensional Fund Advisors LP now owns 1,901,680 shares of the technology company’s stock worth $19,967,000 after buying an additional 127,008 shares during the period. Finally, State Street Corp boosted its position in shares of QuinStreet by 1.2% during the second quarter. State Street Corp now owns 1,861,454 shares of the technology company’s stock worth $18,726,000 after buying an additional 21,324 shares during the period. 89.88% of the stock is currently owned by hedge funds and other institutional investors.

QuinStreet Trading Down 3.1 %

NASDAQ:QNST opened at $15.40 on Friday. The firm has a market cap of $828.67 million, a PE ratio of -55.00 and a beta of 1.07. The stock has a fifty day moving average price of $16.00 and a 200 day moving average price of $13.61. QuinStreet, Inc. has a 12-month low of $8.28 and a 12-month high of $18.18.

Insider Activity at QuinStreet

In other QuinStreet news, CEO Douglas Valenti sold 61,844 shares of the firm’s stock in a transaction on Monday, February 13th. The stock was sold at an average price of $17.06, for a total value of $1,055,058.64. Following the sale, the chief executive officer now directly owns 1,853,673 shares in the company, valued at $31,623,661.38. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 5.10% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research firms have recently commented on QNST. Barrington Research raised their price target on QuinStreet from $17.00 to $20.00 in a research report on Friday, February 10th. Craig Hallum raised their price target on QuinStreet from $13.00 to $19.00 and gave the stock a “buy” rating in a research report on Thursday, February 9th. Lake Street Capital lifted their target price on QuinStreet from $10.00 to $15.00 and gave the company a “hold” rating in a report on Thursday, February 9th. Finally, Stephens lifted their target price on QuinStreet to $18.00 and gave the company an “overweight” rating in a report on Thursday, February 9th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $18.00.

QuinStreet Company Profile

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QuinStreet, Inc engages in the provision of media management services. It operates through the United States and International geographical segments. Its platform offers performance marketing products based from number of clicks, inquiries, calls, applications, and full customer acquisitions. The company was founded by Douglas Valenti on April 16, 1999 and is headquartered in Foster City, CA.