CHICAGO TRUST Co NA Has $354,000 Stock Holdings in QuinStreet, Inc. (NASDAQ:QNST)

CHICAGO TRUST Co NA reduced its holdings in shares of QuinStreet, Inc. (NASDAQ:QNST) by 15.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 15,354 shares of the technology company’s stock after selling 2,801 shares during the period. CHICAGO TRUST Co NA’s holdings in QuinStreet were worth $354,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. State of Alaska Department of Revenue grew its position in QuinStreet by 2.3% during the 3rd quarter. State of Alaska Department of Revenue now owns 31,544 shares of the technology company’s stock worth $603,000 after acquiring an additional 712 shares during the last quarter. The Manufacturers Life Insurance Company raised its holdings in shares of QuinStreet by 3.6% in the second quarter. The Manufacturers Life Insurance Company now owns 20,539 shares of the technology company’s stock valued at $341,000 after buying an additional 719 shares during the last quarter. US Bancorp DE lifted its position in QuinStreet by 880.3% during the 3rd quarter. US Bancorp DE now owns 1,392 shares of the technology company’s stock worth $27,000 after buying an additional 1,250 shares in the last quarter. Quantbot Technologies LP acquired a new stake in QuinStreet in the 3rd quarter valued at about $29,000. Finally, Rhumbline Advisers raised its stake in shares of QuinStreet by 1.1% in the second quarter. Rhumbline Advisers now owns 156,530 shares of the technology company’s stock worth $2,597,000 after acquiring an additional 1,652 shares during the last quarter. Institutional investors own 97.83% of the company’s stock.

QuinStreet Stock Performance

Shares of QNST opened at $21.46 on Tuesday. The stock has a 50 day simple moving average of $22.31 and a 200 day simple moving average of $19.81. QuinStreet, Inc. has a 52-week low of $11.49 and a 52-week high of $26.27. The firm has a market capitalization of $1.21 billion, a PE ratio of -53.65 and a beta of 1.07.

QuinStreet (NASDAQ:QNST) last released its quarterly earnings results on Monday, November 4th. The technology company reported $0.22 earnings per share for the quarter, beating the consensus estimate of $0.15 by $0.07. The company had revenue of $279.22 million during the quarter, compared to analysts’ expectations of $222.68 million. QuinStreet had a negative net margin of 2.88% and a negative return on equity of 8.79%. The business’s quarterly revenue was up 125.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.19) earnings per share. Equities research analysts predict that QuinStreet, Inc. will post 0.15 EPS for the current fiscal year.

Analyst Ratings Changes

QNST has been the topic of several research analyst reports. Stephens increased their price target on shares of QuinStreet from $23.00 to $27.00 and gave the company an “overweight” rating in a research note on Tuesday, November 5th. Craig Hallum increased their price target on QuinStreet from $25.00 to $32.00 and gave the company a “buy” rating in a research note on Tuesday, November 5th. Lake Street Capital upped their price objective on QuinStreet from $20.00 to $25.00 and gave the company a “hold” rating in a report on Tuesday, November 5th. Barrington Research reissued an “outperform” rating and issued a $29.00 target price on shares of QuinStreet in a research note on Friday, December 6th. Finally, StockNews.com raised QuinStreet from a “sell” rating to a “hold” rating in a research note on Monday, January 6th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, QuinStreet has a consensus rating of “Moderate Buy” and a consensus price target of $29.00.

Insider Transactions at QuinStreet

In related news, Director Stuart Huizinga sold 7,020 shares of QuinStreet stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $23.21, for a total value of $162,934.20. Following the sale, the director now owns 174,903 shares of the company’s stock, valued at approximately $4,059,498.63. The trade was a 3.86 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Matthew Glickman sold 30,000 shares of QuinStreet stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $22.63, for a total transaction of $678,900.00. Following the completion of the transaction, the director now directly owns 113,140 shares of the company’s stock, valued at approximately $2,560,358.20. This trade represents a 20.96 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 40,000 shares of company stock valued at $910,374 over the last three months. Company insiders own 5.00% of the company’s stock.

QuinStreet Company Profile

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.