CHICAGO TRUST Co NA Sells 2,801 Shares of QuinStreet, Inc. (NASDAQ:QNST)

CHICAGO TRUST Co NA trimmed its holdings in shares of QuinStreet, Inc. (NASDAQ:QNST) by 15.4% during the fourth quarter, Holdings Channel.com reports. The fund owned 15,354 shares of the technology company’s stock after selling 2,801 shares during the quarter. CHICAGO TRUST Co NA’s holdings in QuinStreet were worth $354,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the company. US Bancorp DE grew its position in QuinStreet by 880.3% in the third quarter. US Bancorp DE now owns 1,392 shares of the technology company’s stock valued at $27,000 after acquiring an additional 1,250 shares during the last quarter. Quantbot Technologies LP acquired a new position in QuinStreet during the 3rd quarter worth approximately $29,000. Quarry LP lifted its stake in QuinStreet by 11,330.0% in the 2nd quarter. Quarry LP now owns 2,286 shares of the technology company’s stock valued at $38,000 after purchasing an additional 2,266 shares during the last quarter. Victory Capital Management Inc. acquired a new stake in QuinStreet in the second quarter valued at approximately $175,000. Finally, Hsbc Holdings PLC grew its stake in shares of QuinStreet by 26.1% during the second quarter. Hsbc Holdings PLC now owns 14,000 shares of the technology company’s stock worth $225,000 after buying an additional 2,895 shares during the last quarter. Institutional investors and hedge funds own 97.83% of the company’s stock.

QuinStreet Trading Up 0.5 %

Shares of NASDAQ QNST opened at $21.46 on Tuesday. The firm’s 50-day moving average price is $22.31 and its 200-day moving average price is $19.81. The firm has a market capitalization of $1.21 billion, a P/E ratio of -53.65 and a beta of 1.07. QuinStreet, Inc. has a 1-year low of $11.49 and a 1-year high of $26.27.

QuinStreet (NASDAQ:QNST) last posted its quarterly earnings results on Monday, November 4th. The technology company reported $0.22 earnings per share for the quarter, topping analysts’ consensus estimates of $0.15 by $0.07. QuinStreet had a negative return on equity of 8.79% and a negative net margin of 2.88%. The business had revenue of $279.22 million for the quarter, compared to the consensus estimate of $222.68 million. During the same period in the prior year, the business earned ($0.19) EPS. The firm’s revenue for the quarter was up 125.3% on a year-over-year basis. Equities research analysts forecast that QuinStreet, Inc. will post 0.15 EPS for the current year.

Wall Street Analyst Weigh In

QNST has been the subject of a number of research reports. Lake Street Capital increased their price target on QuinStreet from $20.00 to $25.00 and gave the company a “hold” rating in a research note on Tuesday, November 5th. Barrington Research restated an “outperform” rating and set a $29.00 price target on shares of QuinStreet in a report on Friday, December 6th. B. Riley upped their price objective on QuinStreet from $24.00 to $32.00 and gave the company a “buy” rating in a research note on Tuesday, November 5th. Craig Hallum lifted their target price on shares of QuinStreet from $25.00 to $32.00 and gave the stock a “buy” rating in a research report on Tuesday, November 5th. Finally, Stephens upped their price target on shares of QuinStreet from $23.00 to $27.00 and gave the company an “overweight” rating in a research report on Tuesday, November 5th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $29.00.

Insider Transactions at QuinStreet

In other news, Director Stuart Huizinga sold 7,020 shares of QuinStreet stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $23.21, for a total transaction of $162,934.20. Following the completion of the transaction, the director now directly owns 174,903 shares in the company, valued at $4,059,498.63. This trade represents a 3.86 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Matthew Glickman sold 30,000 shares of the company’s stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $22.63, for a total transaction of $678,900.00. Following the completion of the sale, the director now owns 113,140 shares in the company, valued at $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 40,000 shares of company stock valued at $910,374 over the last ninety days. 5.00% of the stock is owned by company insiders.

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.