Counterpoint Mutual Funds LLC Has $778,000 Stock Holdings in QuinStreet, Inc. (NASDAQ:QNST)

Counterpoint Mutual Funds LLC grew its holdings in QuinStreet, Inc. (NASDAQ:QNST) by 143.1% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 33,741 shares of the technology company’s stock after acquiring an additional 19,862 shares during the period. Counterpoint Mutual Funds LLC’s holdings in QuinStreet were worth $778,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the business. US Bancorp DE increased its position in shares of QuinStreet by 880.3% during the 3rd quarter. US Bancorp DE now owns 1,392 shares of the technology company’s stock worth $27,000 after purchasing an additional 1,250 shares in the last quarter. Quantbot Technologies LP acquired a new stake in shares of QuinStreet during the 3rd quarter worth about $29,000. Arcadia Investment Management Corp MI acquired a new stake in shares of QuinStreet during the 4th quarter worth about $38,000. KBC Group NV increased its position in shares of QuinStreet by 64.5% during the 4th quarter. KBC Group NV now owns 3,562 shares of the technology company’s stock worth $82,000 after purchasing an additional 1,396 shares in the last quarter. Finally, PNC Financial Services Group Inc. increased its position in shares of QuinStreet by 43.9% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,808 shares of the technology company’s stock worth $88,000 after purchasing an additional 1,162 shares in the last quarter. Institutional investors and hedge funds own 97.83% of the company’s stock.

Insiders Place Their Bets

In related news, CEO Douglas Valenti sold 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $25.02, for a total transaction of $250,200.00. Following the completion of the transaction, the chief executive officer now owns 1,836,754 shares in the company, valued at $45,955,585.08. This represents a 0.54 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Gregory Wong sold 8,516 shares of the stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $22.88, for a total value of $194,846.08. Following the completion of the transaction, the chief financial officer now owns 337,031 shares of the company’s stock, valued at approximately $7,711,269.28. This trade represents a 2.46 % decrease in their position. The disclosure for this sale can be found here. 5.00% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. Lake Street Capital increased their target price on shares of QuinStreet from $25.00 to $27.00 and gave the stock a “hold” rating in a research report on Friday, February 7th. StockNews.com raised shares of QuinStreet from a “sell” rating to a “hold” rating in a research note on Monday, February 10th. B. Riley reaffirmed a “buy” rating and issued a $34.00 price target (up previously from $32.00) on shares of QuinStreet in a research note on Friday, February 7th. Finally, Barrington Research reiterated an “outperform” rating and issued a $29.00 price objective on shares of QuinStreet in a report on Friday, February 7th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $29.80.

QuinStreet Trading Up 3.3 %

NASDAQ QNST opened at $17.76 on Monday. The firm has a market capitalization of $1.00 billion, a P/E ratio of -80.73 and a beta of 1.13. The business has a fifty day simple moving average of $21.52 and a 200 day simple moving average of $21.00. QuinStreet, Inc. has a 12 month low of $15.20 and a 12 month high of $26.27.

QuinStreet (NASDAQ:QNST) last announced 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 4.13%. As a group, sell-side analysts predict that QuinStreet, Inc. will post 0.12 EPS for the current fiscal year.

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.