K.J. Harrison & Partners Inc Invests $391,000 in QuinStreet, Inc. $QNST

K.J. Harrison & Partners Inc bought a new stake in QuinStreet, Inc. (NASDAQ:QNST) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 26,700 shares of the technology company’s stock, valued at approximately $391,000.

Other large investors also recently made changes to their positions in the company. GAMMA Investing LLC grew its position in QuinStreet by 17.0% in the 2nd quarter. GAMMA Investing LLC now owns 4,457 shares of the technology company’s stock worth $65,000 after purchasing an additional 649 shares in the last quarter. Farther Finance Advisors LLC lifted its position in shares of QuinStreet by 10.2% during the 4th quarter. Farther Finance Advisors LLC now owns 7,896 shares of the technology company’s stock worth $113,000 after buying an additional 730 shares in the last quarter. PNC Financial Services Group Inc. lifted its position in shares of QuinStreet by 54.4% during the 1st quarter. PNC Financial Services Group Inc. now owns 3,027 shares of the technology company’s stock worth $36,000 after buying an additional 1,066 shares in the last quarter. Entropy Technologies LP boosted its stake in shares of QuinStreet by 10.0% in the 3rd quarter. Entropy Technologies LP now owns 14,063 shares of the technology company’s stock worth $218,000 after buying an additional 1,284 shares during the last quarter. Finally, Captrust Financial Advisors boosted its stake in shares of QuinStreet by 0.8% in the 4th quarter. Captrust Financial Advisors now owns 173,144 shares of the technology company’s stock worth $2,488,000 after buying an additional 1,379 shares during the last quarter. 97.83% of the stock is owned by institutional investors.

Insider Buying and Selling at QuinStreet

In related news, CEO Douglas Valenti sold 751,631 shares of the business’s stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $20.50, for a total value of $15,408,435.50. Following the sale, the chief executive officer directly owned 996,278 shares in the company, valued at approximately $20,423,699. The trade was a 43.00% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Gregory Wong sold 26,296 shares of the company’s stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $20.09, for a total transaction of $528,286.64. Following the sale, the chief financial officer directly owned 521,883 shares in the company, valued at approximately $10,484,629.47. This trade represents a 4.80% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 825,322 shares of company stock worth $16,668,917 over the last ninety days. 5.00% of the stock is currently owned by company insiders.

QuinStreet Stock Down 1.6%

QuinStreet stock opened at $20.17 on Tuesday. QuinStreet, Inc. has a twelve month low of $10.28 and a twelve month high of $22.29. The firm has a 50 day moving average price of $15.83 and a 200-day moving average price of $13.42. The company has a market capitalization of $1.16 billion, a P/E ratio of 14.30 and a beta of 0.66. The company has a quick ratio of 1.18, a current ratio of 1.22 and a debt-to-equity ratio of 0.22.

QuinStreet (NASDAQ:QNST) last posted its quarterly earnings results on Thursday, August 6th. The technology company reported $0.50 EPS for the quarter, topping analysts’ consensus estimates of $0.44 by $0.06. QuinStreet had a net margin of 6.28% and a return on equity of 12.73%. The company had revenue of $373.88 million for the quarter, compared to analysts’ expectations of $359.95 million. As a group, equities analysts predict that QuinStreet, Inc. will post 0.94 EPS for the current year.

Analyst Ratings Changes

A number of analysts recently commented on the company. Wall Street Zen raised QuinStreet from a “hold” rating to a “buy” rating in a research report on Saturday, August 1st. Weiss Ratings raised QuinStreet from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, July 9th. Lake Street Capital upgraded QuinStreet from a “hold” rating to a “buy” rating and set a $21.00 price objective for the company in a research note on Friday, August 7th. Zacks Research raised QuinStreet from a “strong sell” rating to a “hold” rating in a research report on Thursday, July 30th. Finally, B. Riley Financial reiterated a “buy” rating on shares of QuinStreet in a research note on Friday, August 7th. Four equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $22.00.

About QuinStreet

QuinStreet, Inc operates a technology-based performance marketing platform that connects companies with prospective customers across multiple verticals. The company specializes in data-driven lead generation for financial services, education, insurance, healthcare, and home services firms. By leveraging proprietary targeting algorithms and real-time analytics, QuinStreet manages customized digital marketing campaigns to optimize customer acquisition and retention for its clients.

Through a portfolio of consumer-facing websites and comparison platforms, QuinStreet delivers targeted visitors who are actively researching products and services.