KBC Group NV Buys 1,396 Shares of QuinStreet, Inc. (NASDAQ:QNST)

KBC Group NV boosted its stake in QuinStreet, Inc. (NASDAQ:QNST) by 64.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,562 shares of the technology company’s stock after purchasing an additional 1,396 shares during the quarter. KBC Group NV’s holdings in QuinStreet were worth $82,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. US Bancorp DE grew its stake in shares of QuinStreet by 880.3% in the 3rd quarter. US Bancorp DE now owns 1,392 shares of the technology company’s stock valued at $27,000 after buying an additional 1,250 shares during the period. Quantbot Technologies LP bought a new position in QuinStreet in the third quarter worth approximately $29,000. Quarry LP grew its stake in QuinStreet by 279.7% in the third quarter. Quarry LP now owns 8,681 shares of the technology company’s stock valued at $166,000 after acquiring an additional 6,395 shares during the period. Centiva Capital LP bought a new stake in shares of QuinStreet during the third quarter valued at approximately $244,000. Finally, Kings Path Partners LLC acquired a new position in shares of QuinStreet during the third quarter worth approximately $259,000. 97.83% of the stock is owned by institutional investors.

QuinStreet Stock Down 4.3 %

QuinStreet stock opened at $24.10 on Monday. The firm has a 50 day moving average price of $22.75 and a 200-day moving average price of $20.62. QuinStreet, Inc. has a twelve month low of $13.75 and a twelve month high of $26.27. The company has a market capitalization of $1.36 billion, a P/E ratio of -109.55 and a beta of 1.06.

QuinStreet (NASDAQ:QNST) last issued its earnings results on Thursday, February 6th. The technology company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.21). QuinStreet had a negative net margin of 1.31% and a negative return on equity of 4.16%. Equities analysts expect that QuinStreet, Inc. will post 0.15 EPS for the current fiscal year.

Insider Buying and Selling at QuinStreet

In other QuinStreet news, Director Stuart Huizinga sold 2,980 shares of the business’s stock in a transaction on Friday, November 29th. The shares were sold at an average price of $23.00, for a total transaction of $68,540.00. Following the sale, the director now owns 171,923 shares of the company’s stock, valued at $3,954,229. The trade was a 1.70 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Matthew Glickman sold 30,000 shares of the stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $22.63, for a total value of $678,900.00. Following the sale, the director now owns 113,140 shares in the company, valued at approximately $2,560,358.20. This represents a 20.96 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 50,000 shares of company stock valued at $1,160,574 over the last three months. 5.00% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. Craig Hallum lifted their price target on shares of QuinStreet from $25.00 to $32.00 and gave the company a “buy” rating in a research report on Tuesday, November 5th. Barrington Research reissued an “outperform” rating and set a $29.00 target price on shares of QuinStreet in a research report on Friday. Lake Street Capital raised their price target on shares of QuinStreet from $25.00 to $27.00 and gave the company a “hold” rating in a research report on Friday. B. Riley reissued a “buy” rating and set a $34.00 price objective (up from $32.00) on shares of QuinStreet in a report on Friday. Finally, Stephens increased their price objective on QuinStreet from $23.00 to $27.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 5th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $29.80.

QuinStreet Company Profile

QuinStreet, Inc, an online performance marketing company, provides customer acquisition services for its clients in the United States and internationally. The company offers online marketing services, such as qualified clicks, leads, calls, applications, and customers through its websites or third-party publishers.