Advisors Preferred LLC Acquires Shares of 9,913 QuinStreet Inc (QNST)

Advisors Preferred LLC acquired a new stake in shares of QuinStreet Inc (NASDAQ:QNST) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 9,913 shares of the technology company’s stock, valued at approximately $126,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of QNST. Hood River Capital Management LLC purchased a new position in QuinStreet during the first quarter valued at $12,358,000. Acadian Asset Management LLC lifted its holdings in QuinStreet by 62.3% during the second quarter. Acadian Asset Management LLC now owns 1,426,427 shares of the technology company’s stock valued at $18,116,000 after purchasing an additional 547,696 shares in the last quarter. WINTON GROUP Ltd purchased a new position in QuinStreet during the first quarter valued at $6,500,000. American Century Companies Inc. lifted its stake in shares of QuinStreet by 173.3% in the first quarter. American Century Companies Inc. now owns 463,536 shares of the technology company’s stock worth $5,919,000 after buying an additional 293,920 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in shares of QuinStreet by 237.0% in the first quarter. JPMorgan Chase & Co. now owns 346,465 shares of the technology company’s stock worth $4,424,000 after buying an additional 243,644 shares in the last quarter. 75.26% of the stock is currently owned by institutional investors and hedge funds.

In related news, Director Andrew T. Sheehan sold 21,034 shares of the firm’s stock in a transaction dated Monday, June 11th. The shares were sold at an average price of $13.73, for a total transaction of $288,796.82. Following the completion of the sale, the director now directly owns 28,888 shares in the company, valued at $396,632.24. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director James R. Simons sold 230,238 shares of the firm’s stock in a transaction dated Wednesday, July 18th. The stock was sold at an average price of $14.09, for a total transaction of $3,244,053.42. The disclosure for this sale can be found here. Over the last three months, insiders sold 720,217 shares of company stock worth $9,822,892. Insiders own 24.10% of the company’s stock.

Several research firms have recently weighed in on QNST. Zacks Investment Research raised shares of QuinStreet from a “hold” rating to a “strong-buy” rating and set a $14.00 price target on the stock in a research note on Saturday, May 5th. Barrington Research reissued a “buy” rating and issued a $15.00 price target on shares of QuinStreet in a research note on Wednesday, April 25th. BidaskClub downgraded shares of QuinStreet from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 24th. Singular Research began coverage on shares of QuinStreet in a research note on Friday, July 6th. They issued a “long” rating and a $16.75 price target on the stock. Finally, Craig Hallum began coverage on shares of QuinStreet in a research note on Wednesday, June 27th. They issued a “buy” rating and a $20.00 price target on the stock. One analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. QuinStreet presently has an average rating of “Buy” and an average target price of $17.29.

NASDAQ:QNST opened at $13.68 on Friday. The stock has a market capitalization of $641.02 million, a PE ratio of 42.75, a price-to-earnings-growth ratio of 1.60 and a beta of 0.98. QuinStreet Inc has a twelve month low of $4.13 and a twelve month high of $15.05.

QuinStreet (NASDAQ:QNST) last posted its quarterly earnings results on Tuesday, August 7th. The technology company reported $0.13 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.07 by $0.06. The firm had revenue of $111.50 million for the quarter, compared to the consensus estimate of $100.62 million. QuinStreet had a net margin of 3.94% and a return on equity of 12.72%. The company’s revenue for the quarter was up 36.8% on a year-over-year basis. During the same period last year, the firm posted $0.06 earnings per share. research analysts anticipate that QuinStreet Inc will post 0.34 EPS for the current year.

QuinStreet Profile

QuinStreet, Inc, an Internet performance marketing and media 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.

Read More: How are Outstanding Shares Different from Authorized Shares?

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Institutional Ownership by Quarter for QuinStreet (NASDAQ:QNST)

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