Parisi Gray Wealth Management bought a new stake in shares of QuinStreet Inc (NASDAQ:QNST) in the 4th quarter, HoldingsChannel reports. The institutional investor bought 2,932 shares of the technology company’s stock, valued at approximately $47,000.
Other large investors also recently bought and sold shares of the company. Advisor Group Inc. lifted its position in shares of QuinStreet by 137.9% during the 4th quarter. Advisor Group Inc. now owns 10,730 shares of the technology company’s stock valued at $175,000 after acquiring an additional 6,219 shares during the last quarter. Raymond James & Associates acquired a new stake in shares of QuinStreet during the 4th quarter valued at $330,000. Bruderman Asset Management LLC acquired a new stake in shares of QuinStreet during the 4th quarter valued at $41,000. Texas Permanent School Fund lifted its position in shares of QuinStreet by 8.8% during the 4th quarter. Texas Permanent School Fund now owns 25,159 shares of the technology company’s stock valued at $408,000 after acquiring an additional 2,027 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its position in shares of QuinStreet by 48.1% during the 4th quarter. Bank of New York Mellon Corp now owns 714,915 shares of the technology company’s stock valued at $11,602,000 after acquiring an additional 232,186 shares during the last quarter. 84.44% of the stock is owned by institutional investors.
Get QuinStreet alerts:In other news, CEO Douglas Valenti sold 32,500 shares of the company’s stock in a transaction on Wednesday, December 12th. The shares were sold at an average price of $16.15, for a total value of $524,875.00. Following the transaction, the chief executive officer now directly owns 268,751 shares of the company’s stock, valued at $4,340,328.65. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Gregory P. Sands sold 61,697 shares of the company’s stock in a transaction on Wednesday, December 12th. The stock was sold at an average price of $15.95, for a total transaction of $984,067.15. Following the completion of the transaction, the director now directly owns 356,252 shares in the company, valued at $5,682,219.40. The disclosure for this sale can be found here. 12.50% of the stock is owned by insiders.
Shares of NASDAQ:QNST opened at $13.60 on Friday. QuinStreet Inc has a 12-month low of $9.76 and a 12-month high of $20.02. The firm has a market cap of $695.80 million, a price-to-earnings ratio of 34.92, a PEG ratio of 1.16 and a beta of 0.73.
QuinStreet (NASDAQ:QNST) last announced its earnings results on Thursday, February 7th. The technology company reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.01. QuinStreet had a net margin of 15.83% and a return on equity of 13.16%. The company had revenue of $104.10 million for the quarter, compared to the consensus estimate of $103.43 million. During the same period in the previous year, the business earned $0.07 EPS. The company’s revenue was up 19.0% on a year-over-year basis. Equities research analysts anticipate that QuinStreet Inc will post 0.48 earnings per share for the current year.
QNST has been the subject of a number of recent research reports. BidaskClub upgraded QuinStreet from a “buy” rating to a “strong-buy” rating in a research report on Saturday, November 3rd. Zacks Investment Research upgraded QuinStreet from a “hold” rating to a “buy” rating and set a $19.00 price objective for the company in a research report on Wednesday, November 7th. Finally, ValuEngine downgraded QuinStreet from a “buy” rating to a “hold” rating in a research report on Thursday, November 8th. One analyst has rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $17.79.
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About QuinStreet
QuinStreet, Inc, an Internet performance marketing company, provides customer acquisition services for its clients in the United States and internationally. It offers online marketing services to its clients in the form of qualified leads, inquiries, clicks, calls, applications, customers, display advertisements, or impressions through its Websites or third-party publishers.
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