Zurcher Kantonalbank Zurich Cantonalbank Has $163,000 Holdings in QuinStreet, Inc. (NASDAQ:QNST)

Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of QuinStreet, Inc. (NASDAQ:QNST) by 57.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,722 shares of the technology company’s stock after acquiring an additional 4,647 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in QuinStreet were worth $163,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. SG Americas Securities LLC lifted its stake in QuinStreet by 6.4% in the 4th quarter. SG Americas Securities LLC now owns 15,066 shares of the technology company’s stock valued at $193,000 after acquiring an additional 906 shares in the last quarter. Swiss National Bank lifted its position in shares of QuinStreet by 2.7% in the third quarter. Swiss National Bank now owns 113,000 shares of the technology company’s stock worth $1,014,000 after purchasing an additional 3,000 shares in the last quarter. Dark Forest Capital Management LP boosted its holdings in QuinStreet by 11.0% during the third quarter. Dark Forest Capital Management LP now owns 34,040 shares of the technology company’s stock worth $305,000 after purchasing an additional 3,379 shares during the last quarter. Carmel Capital Partners LLC bought a new position in QuinStreet in the third quarter valued at $34,000. Finally, Harbor Capital Advisors Inc. increased its stake in QuinStreet by 13.0% in the 4th quarter. Harbor Capital Advisors Inc. now owns 33,430 shares of the technology company’s stock valued at $429,000 after buying an additional 3,844 shares during the last quarter. 97.83% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. B. Riley assumed coverage on QuinStreet in a report on Friday, April 19th. They issued a “buy” rating and a $21.50 price objective for the company. Barrington Research boosted their price target on QuinStreet from $16.00 to $20.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 23rd. StockNews.com raised QuinStreet to a “sell” rating in a report on Saturday, April 13th. Finally, Stephens boosted their target price on shares of QuinStreet from $17.00 to $18.00 and gave the stock an “overweight” rating in a report on Friday, March 15th. One equities research analyst has rated the stock with a sell rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, QuinStreet presently has an average rating of “Moderate Buy” and a consensus target price of $19.83.

Insider Buying and Selling at QuinStreet

In related news, CFO Gregory Wong sold 8,407 shares of the business’s stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $15.03, for a total value of $126,357.21. Following the completion of the sale, the chief financial officer now directly owns 295,204 shares in the company, valued at approximately $4,436,916.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 5.30% of the company’s stock.

QuinStreet Trading Down 3.4 %

QNST opened at $18.76 on Thursday. The stock’s fifty day simple moving average is $16.86 and its 200 day simple moving average is $14.03. QuinStreet, Inc. has a 1-year low of $6.79 and a 1-year high of $19.58. The stock has a market cap of $1.03 billion, a PE ratio of -13.03 and a beta of 1.11.

QuinStreet (NASDAQ:QNST) last issued its quarterly earnings data on Wednesday, February 7th. The technology company reported ($0.21) earnings per share for the quarter, missing the consensus estimate of ($0.16) by ($0.05). The company had revenue of $122.68 million during the quarter, compared to the consensus estimate of $116.46 million. QuinStreet had a negative net margin of 14.28% and a negative return on equity of 32.98%. Equities analysts forecast that QuinStreet, Inc. will post -0.43 earnings per share for the current year.

About QuinStreet

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.