Russell Investments Group Ltd. Raises Stock Position in QuinStreet, Inc. (NASDAQ:QNST)

Russell Investments Group Ltd. lifted its stake in shares of QuinStreet, Inc. (NASDAQ:QNST – Get Rating) by 2.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 147,658 shares of the technology company’s stock after acquiring an additional 3,220 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.28% of QuinStreet worth $2,119,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of QuinStreet by 36.8% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,075 shares of the technology company’s stock valued at $116,000 after purchasing an additional 2,174 shares in the last quarter. Mutual of America Capital Management LLC boosted its stake in QuinStreet by 21.0% in the third quarter. Mutual of America Capital Management LLC now owns 10,248 shares of the technology company’s stock valued at $108,000 after acquiring an additional 1,779 shares in the last quarter. Verition Fund Management LLC acquired a new stake in QuinStreet in the third quarter valued at approximately $133,000. Allspring Global Investments Holdings LLC boosted its stake in QuinStreet by 22.2% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 12,746 shares of the technology company’s stock valued at $183,000 after acquiring an additional 2,316 shares in the last quarter. Finally, Hsbc Holdings PLC acquired a new stake in QuinStreet in the first quarter valued at approximately $173,000. 89.88% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the stock. Lake Street Capital lowered their target price on shares of QuinStreet from $15.00 to $10.00 in a research note on Thursday, May 4th. Craig Hallum downgraded shares of QuinStreet from a “buy” rating to a “hold” rating in a research note on Thursday, May 4th. StockNews.com assumed coverage on shares of QuinStreet in a report on Thursday. They issued a “hold” rating for the company. Stephens raised their price target on shares of QuinStreet to $18.00 and gave the stock an “overweight” rating in a report on Thursday, February 9th. Finally, Barrington Research cut shares of QuinStreet from an “outperform” rating to a “market perform” rating in a report on Thursday, May 4th. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, QuinStreet presently has a consensus rating of “Hold” and an average target price of $16.75.

Insider Buying and Selling

In other QuinStreet news, Director Hillary B. Smith purchased 3,350 shares of the stock in a transaction that occurred on Wednesday, May 17th. The shares were purchased at an average cost of $7.50 per share, for a total transaction of $25,125.00. Following the completion of the transaction, the director now owns 3,350 shares of the company’s stock, valued at approximately $25,125. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director David J. Pauldine bought 15,904 shares of the firm’s stock in a transaction on Monday, May 15th. The shares were bought at an average cost of $7.55 per share, for a total transaction of $120,075.20. Following the acquisition, the director now directly owns 118,806 shares of the company’s stock, valued at approximately $896,985.30. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Hillary B. Smith bought 3,350 shares of the firm’s stock in a transaction on Wednesday, May 17th. The stock was purchased at an average price of $7.50 per share, for a total transaction of $25,125.00. Following the completion of the acquisition, the director now directly owns 3,350 shares in the company, valued at $25,125. The disclosure for this purchase can be found here. 5.10% of the stock is currently owned by company insiders.

QuinStreet Stock Performance

QNST opened at $8.99 on Monday. QuinStreet, Inc. has a twelve month low of $6.79 and a twelve month high of $18.18. The firm’s 50-day moving average price is $12.34 and its 200 day moving average price is $14.01.

QuinStreet 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.