Naples Money Management LLC Purchases Shares of 2,945 QuinStreet, Inc. (NASDAQ:QNST)

Naples Money Management LLC purchased a new stake in QuinStreet, Inc. (NASDAQ:QNST) during the fourth quarter, HoldingsChannel.com reports. The firm purchased 2,945 shares of the technology company’s stock, valued at approximately $38,000.

A number of other hedge funds also recently made changes to their positions in QNST. Thrivent Financial for Lutherans raised its stake in shares of QuinStreet by 21.9% in the 1st quarter. Thrivent Financial for Lutherans now owns 4,680,263 shares of the technology company’s stock valued at $74,276,000 after acquiring an additional 840,745 shares during the period. Private Capital Management LLC raised its stake in shares of QuinStreet by 1.2% in the 1st quarter. Private Capital Management LLC now owns 3,820,831 shares of the technology company’s stock valued at $60,637,000 after acquiring an additional 46,109 shares during the period. Vanguard Group Inc. raised its stake in shares of QuinStreet by 1.2% in the 3rd quarter. Vanguard Group Inc. now owns 3,638,715 shares of the technology company’s stock valued at $32,639,000 after acquiring an additional 41,801 shares during the period. William Blair Investment Management LLC raised its stake in shares of QuinStreet by 2.9% in the 3rd quarter. William Blair Investment Management LLC now owns 2,182,365 shares of the technology company’s stock valued at $19,576,000 after acquiring an additional 61,717 shares during the period. Finally, Dimensional Fund Advisors LP raised its stake in shares of QuinStreet by 4.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,115,592 shares of the technology company’s stock valued at $33,574,000 after acquiring an additional 87,371 shares during the period. Institutional investors and hedge funds own 97.83% of the company’s stock.

Insider Transactions at QuinStreet

In other news, CFO Gregory Wong sold 8,407 shares of the business’s stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $15.03, for a total value of $126,357.21. Following the completion of the sale, the chief financial officer now owns 295,204 shares of the company’s stock, valued at approximately $4,436,916.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 5.30% of the company’s stock.

QuinStreet Stock Performance

QNST opened at $16.80 on Friday. The company has a 50-day moving average of $16.13 and a 200-day moving average of $13.24. The company has a market capitalization of $922.15 million, a P/E ratio of -11.67 and a beta of 1.14. QuinStreet, Inc. has a 1-year low of $6.79 and a 1-year high of $17.76.

QuinStreet (NASDAQ:QNST) last released its earnings results on Wednesday, February 7th. The technology company reported ($0.21) earnings per share for the quarter, missing the consensus estimate of ($0.16) by ($0.05). The company had revenue of $122.68 million during the quarter, compared to the consensus estimate of $116.46 million. QuinStreet had a negative return on equity of 32.98% and a negative net margin of 14.28%. As a group, sell-side analysts expect that QuinStreet, Inc. will post -0.41 earnings per share for the current fiscal year.

Analyst Ratings Changes

QNST has been the topic of a number of research reports. Barrington Research reissued an “outperform” rating and issued a $16.00 target price on shares of QuinStreet in a research note on Thursday, February 8th. Stephens lifted their price target on shares of QuinStreet from $17.00 to $18.00 and gave the stock an “overweight” rating in a research note on Friday, March 15th. B. Riley initiated coverage on shares of QuinStreet in a research note on Friday. They set a “buy” rating and a $21.50 price target on the stock. Finally, StockNews.com raised shares of QuinStreet to a “sell” rating in a research note on Saturday, April 13th. One analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $16.38.

About QuinStreet

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.