Chartwell Investment Partners LLC raised its holdings in QuinStreet Inc (NASDAQ:QNST) by 83.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 145,154 shares of the technology company’s stock after acquiring an additional 65,902 shares during the period. Chartwell Investment Partners LLC owned about 0.29% of QuinStreet worth $1,944,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in QNST. Mesirow Financial Investment Management Inc. lifted its stake in QuinStreet by 112.5% in the first quarter. Mesirow Financial Investment Management Inc. now owns 34,641 shares of the technology company’s stock valued at $464,000 after buying an additional 18,338 shares during the period. Tibra Equities Europe Ltd acquired a new position in QuinStreet in the first quarter valued at approximately $221,000. Deutsche Bank AG lifted its stake in QuinStreet by 7.5% in the fourth quarter. Deutsche Bank AG now owns 119,660 shares of the technology company’s stock valued at $1,940,000 after buying an additional 8,390 shares during the period. Geode Capital Management LLC lifted its stake in QuinStreet by 15.3% in the fourth quarter. Geode Capital Management LLC now owns 453,990 shares of the technology company’s stock valued at $7,367,000 after buying an additional 60,155 shares during the period. Finally, Dimensional Fund Advisors LP lifted its stake in QuinStreet by 4.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,589,376 shares of the technology company’s stock valued at $25,795,000 after buying an additional 72,936 shares during the period. Hedge funds and other institutional investors own 92.32% of the company’s stock.

In other news, CEO Douglas Valenti sold 32,500 shares of the company’s stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $13.06, for a total transaction of $424,450.00. Following the transaction, the chief executive officer now directly owns 251,250 shares of the company’s stock, valued at $3,281,325. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 12.50% of the stock is owned by corporate insiders.

Several equities analysts have issued reports on the company. Singular Research reissued a “buy” rating on shares of QuinStreet in a research note on Thursday, March 7th. BidaskClub lowered QuinStreet from a “buy” rating to a “hold” rating in a research report on Friday, February 15th. Zacks Investment Research raised QuinStreet from a “sell” rating to a “hold” rating in a research report on Wednesday, April 3rd. Finally, ValuEngine lowered QuinStreet from a “buy” rating to a “hold” rating in a research report on Wednesday, February 20th. Three analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $17.79.

Shares of NASDAQ:QNST opened at $13.39 on Tuesday. QuinStreet Inc has a twelve month low of $10.70 and a twelve month high of $20.02. The company has a market cap of $660.48 million, a PE ratio of 41.84, a PEG ratio of 1.15 and a beta of 0.75.

QuinStreet (NASDAQ:QNST) last issued its earnings results on Thursday, February 7th. The technology company reported $0.12 earnings per share for the quarter, topping analysts’ consensus estimates of $0.11 by $0.01. QuinStreet had a return on equity of 13.16% and a net margin of 15.83%. The company had revenue of $104.10 million for the quarter, compared to analyst estimates of $103.43 million. During the same period in the prior year, the firm earned $0.07 earnings per share. QuinStreet’s revenue for the quarter was up 19.0% on a year-over-year basis. Research analysts predict that QuinStreet Inc will post 0.46 EPS for the current fiscal year.

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QuinStreet Profile

QuinStreet, Inc, an Internet performance marketing 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.

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Institutional Ownership by Quarter for QuinStreet (NASDAQ:QNST)

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