Bailard Inc. Invests $470,000 in QuinStreet Inc (QNST)

Bailard Inc. bought a new stake in QuinStreet Inc (NASDAQ:QNST) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 56,121 shares of the technology company’s stock, valued at approximately $470,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Citigroup Inc. raised its stake in shares of QuinStreet by 3.8% in the second quarter. Citigroup Inc. now owns 50,968 shares of the technology company’s stock valued at $212,000 after purchasing an additional 1,889 shares in the last quarter. Voya Investment Management LLC raised its stake in shares of QuinStreet by 21.7% in the second quarter. Voya Investment Management LLC now owns 29,642 shares of the technology company’s stock valued at $124,000 after purchasing an additional 5,278 shares in the last quarter. Ameriprise Financial Inc. raised its stake in shares of QuinStreet by 4.3% in the second quarter. Ameriprise Financial Inc. now owns 194,744 shares of the technology company’s stock valued at $812,000 after purchasing an additional 8,095 shares in the last quarter. Wells Fargo & Company MN raised its stake in shares of QuinStreet by 48.8% in the second quarter. Wells Fargo & Company MN now owns 27,130 shares of the technology company’s stock valued at $113,000 after purchasing an additional 8,900 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. raised its stake in shares of QuinStreet by 17.5% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 70,517 shares of the technology company’s stock valued at $591,000 after purchasing an additional 10,517 shares in the last quarter. Institutional investors and hedge funds own 63.72% of the company’s stock.

In other QuinStreet news, Director John G. Mcdonald sold 14,000 shares of the company’s stock in a transaction on Wednesday, November 29th. The stock was sold at an average price of $10.37, for a total value of $145,180.00. Following the sale, the director now directly owns 67,671 shares in the company, valued at $701,748.27. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director James R. Simons sold 229,716 shares of the company’s stock in a transaction on Tuesday, December 19th. The shares were sold at an average price of $8.63, for a total value of $1,982,449.08. The disclosure for this sale can be found here. Insiders sold 475,650 shares of company stock worth $4,214,765 over the last quarter. Company insiders own 24.10% of the company’s stock.

QNST has been the subject of a number of recent research reports. Stephens restated a “buy” rating and issued a $11.50 target price on shares of QuinStreet in a research note on Thursday, February 1st. Zacks Investment Research upgraded QuinStreet from a “hold” rating to a “buy” rating and set a $13.00 target price for the company in a research note on Friday, February 9th. Finally, Barrington Research initiated coverage on QuinStreet in a research note on Tuesday, November 28th. They issued an “outperform” rating and a $12.50 target price for the company.

Shares of QuinStreet Inc (NASDAQ QNST) opened at $12.61 on Friday. QuinStreet Inc has a 1 year low of $3.04 and a 1 year high of $13.25. The firm has a market capitalization of $581.63, a price-to-earnings ratio of 252.20, a price-to-earnings-growth ratio of 2.81 and a beta of 1.36.

QuinStreet (NASDAQ:QNST) last announced its quarterly earnings results on Wednesday, January 31st. The technology company reported $0.07 earnings per share for the quarter, beating analysts’ consensus estimates of $0.01 by $0.06. QuinStreet had a return on equity of 5.77% and a net margin of 0.78%. The firm had revenue of $87.49 million for the quarter, compared to analysts’ expectations of $75.18 million. During the same period in the prior year, the business posted ($0.04) earnings per share. The business’s revenue was up 33.3% compared to the same quarter last year. equities analysts expect that QuinStreet Inc will post 0.18 EPS for the current fiscal year.

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QuinStreet Company Profile

QuinStreet, Inc is an online performance marketing company. The Company provides vertically oriented customer acquisition programs for its clients. The Company operating segments include Direct Marketing Services (DMS) business. Its DMS business derives its net revenue from fees earned through the delivery of qualified leads, clicks, calls or customers, and display advertisements, or impressions.

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Institutional Ownership by Quarter for QuinStreet (NASDAQ:QNST)

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