Alambic Investment Management L.P. Has $1.11 Million Holdings in QuinStreet Inc (QNST)

Alambic Investment Management L.P. raised its position in shares of QuinStreet Inc (NASDAQ:QNST) by 327.6% during the 4th quarter, HoldingsChannel reports. The firm owned 132,762 shares of the technology company’s stock after purchasing an additional 101,716 shares during the period. Alambic Investment Management L.P.’s holdings in QuinStreet were worth $1,113,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the business. Legal & General Group Plc lifted its holdings in QuinStreet by 2.3% during the second quarter. Legal & General Group Plc now owns 61,218 shares of the technology company’s stock valued at $255,000 after purchasing an additional 1,350 shares in the last quarter. Citigroup Inc. lifted its holdings in QuinStreet by 3.8% during 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 lifted its holdings in QuinStreet by 21.7% during 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. lifted its holdings in QuinStreet by 4.3% during 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. Finally, Wells Fargo & Company MN lifted its holdings in QuinStreet by 48.8% during 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. 63.02% of the stock is currently owned by institutional investors and hedge funds.

In other news, Director John G. Mcdonald sold 14,000 shares of the business’s stock in a transaction on Wednesday, November 29th. The shares were sold at an average price of $10.37, for a total value of $145,180.00. Following the transaction, the director now owns 67,671 shares of the company’s stock, valued at $701,748.27. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director James R. Simons sold 229,716 shares of the business’s stock in a transaction on Tuesday, December 19th. The stock was sold at an average price of $8.63, for a total transaction 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 in the last three months. Insiders own 24.10% of the company’s stock.

Several equities analysts have recently commented on QNST shares. Barrington Research started coverage on shares of QuinStreet in a report on Tuesday, November 28th. They issued an “outperform” rating and a $12.50 target price on the stock. Stephens reissued a “buy” rating and issued a $11.50 target price on shares of QuinStreet in a report on Thursday, February 1st.

QuinStreet Inc (NASDAQ QNST) opened at $11.31 on Wednesday. QuinStreet Inc has a 1-year low of $2.96 and a 1-year high of $13.15. The company has a market cap of $517.36, a price-to-earnings ratio of 226.20, a PEG ratio of 3.72 and a beta of 1.36.

QuinStreet (NASDAQ:QNST) last released its earnings results on Wednesday, January 31st. The technology company reported $0.07 EPS for the quarter, topping the consensus estimate of $0.01 by $0.06. QuinStreet had a net margin of 0.78% and a return on equity of 5.77%. The firm had revenue of $87.49 million for the quarter, compared to the consensus estimate of $75.18 million. During the same quarter in the previous year, the firm earned ($0.04) earnings per share. The company’s quarterly revenue was up 33.3% compared to the same quarter last year. analysts anticipate that QuinStreet Inc will post 0.11 earnings per share for the current fiscal year.

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About QuinStreet

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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