Illinois Municipal Retirement Fund Has $703,000 Stock Holdings in QuinStreet, Inc. (NASDAQ:QNST)

Illinois Municipal Retirement Fund increased its position in shares of QuinStreet, Inc. (NASDAQ:QNST) by 9.6% during the fourth quarter, Holdings Channel reports. The institutional investor owned 30,470 shares of the technology company’s stock after purchasing an additional 2,664 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in QuinStreet were worth $703,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in QNST. JPMorgan Chase & Co. grew its position in QuinStreet by 39.7% during the third quarter. JPMorgan Chase & Co. now owns 449,589 shares of the technology company’s stock worth $8,601,000 after buying an additional 127,689 shares in the last quarter. FMR LLC grew its position in QuinStreet by 5.2% during the third quarter. FMR LLC now owns 2,233,345 shares of the technology company’s stock worth $42,724,000 after buying an additional 109,892 shares in the last quarter. Barclays PLC grew its position in QuinStreet by 149.7% during the third quarter. Barclays PLC now owns 127,404 shares of the technology company’s stock worth $2,436,000 after buying an additional 76,389 shares in the last quarter. Portolan Capital Management LLC grew its position in QuinStreet by 9.6% during the third quarter. Portolan Capital Management LLC now owns 801,693 shares of the technology company’s stock worth $15,336,000 after buying an additional 70,408 shares in the last quarter. Finally, State Street Corp lifted its stake in QuinStreet by 2.1% during the third quarter. State Street Corp now owns 1,989,976 shares of the technology company’s stock worth $38,068,000 after purchasing an additional 41,538 shares during the period. 97.83% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at QuinStreet

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

QuinStreet Price Performance

Shares of QNST opened at $18.85 on Tuesday. The company has a market capitalization of $1.06 billion, a P/E ratio of -85.68 and a beta of 1.06. QuinStreet, Inc. has a one year low of $14.61 and a one year high of $26.27. The business’s 50 day simple moving average is $22.54 and its 200-day simple moving average is $21.00.

QuinStreet (NASDAQ:QNST) last announced its earnings results on Thursday, February 6th. The technology company reported ($0.03) EPS for the quarter, missing the consensus estimate of $0.18 by ($0.21). QuinStreet had a negative return on equity of 4.13% and a negative net margin of 1.31%. On average, sell-side analysts anticipate that QuinStreet, Inc. will post 0.12 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have commented on QNST. StockNews.com upgraded shares of QuinStreet from a “sell” rating to a “hold” rating in a research note on Monday, February 10th. Lake Street Capital raised their price target on shares of QuinStreet from $25.00 to $27.00 and gave the stock a “hold” rating in a research note on Friday, February 7th. B. Riley restated a “buy” rating and set a $34.00 price target (up previously from $32.00) on shares of QuinStreet in a research note on Friday, February 7th. Stephens raised their price target on shares of QuinStreet from $23.00 to $27.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 5th. Finally, Craig Hallum raised their price target on shares of QuinStreet from $25.00 to $32.00 and gave the stock a “buy” rating in a research note on Tuesday, November 5th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $29.80.

QuinStreet 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.