Naples Money Management LLC Makes New $38,000 Investment in QuinStreet, Inc. (NASDAQ:QNST)

Naples Money Management LLC acquired a new stake in QuinStreet, Inc. (NASDAQ:QNST) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 2,945 shares of the technology company’s stock, valued at approximately $38,000.

A number of other hedge funds have also recently modified their holdings of the company. SG Americas Securities LLC increased its position in shares of QuinStreet by 6.4% in the fourth 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 during the period. The Manufacturers Life Insurance Company increased its position in shares of QuinStreet by 6.3% in the second quarter. The Manufacturers Life Insurance Company now owns 21,178 shares of the technology company’s stock valued at $187,000 after acquiring an additional 1,253 shares during the period. Rhumbline Advisers increased its position in shares of QuinStreet by 0.9% in the third quarter. Rhumbline Advisers now owns 154,580 shares of the technology company’s stock valued at $1,387,000 after acquiring an additional 1,389 shares during the period. State of Wyoming increased its position in shares of QuinStreet by 62.2% in the fourth quarter. State of Wyoming now owns 7,193 shares of the technology company’s stock valued at $103,000 after acquiring an additional 2,757 shares during the period. Finally, Credit Suisse AG increased its position in shares of QuinStreet by 6.9% during the first quarter. Credit Suisse AG now owns 45,056 shares of the technology company’s stock valued at $715,000 after buying an additional 2,926 shares during the period. Hedge funds and other institutional investors own 97.83% of the company’s stock.

Insiders Place Their Bets

In other news, CFO Gregory Wong sold 8,407 shares of the stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $15.03, for a total transaction of $126,357.21. Following the sale, the chief financial officer now owns 295,204 shares in the company, valued at $4,436,916.12. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 5.30% of the company’s stock.

QuinStreet Stock Performance

Shares of QNST opened at $16.80 on Friday. The stock has a market cap of $922.15 million, a PE ratio of -11.67 and a beta of 1.14. QuinStreet, Inc. has a fifty-two week low of $6.79 and a fifty-two week high of $17.76. The firm’s 50-day simple moving average is $16.13 and its two-hundred day simple moving average is $13.24.

QuinStreet (NASDAQ:QNST) last announced its quarterly earnings data on Wednesday, February 7th. The technology company reported ($0.21) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.05). The business had revenue of $122.68 million during the quarter, compared to analysts’ expectations of $116.46 million. QuinStreet had a negative return on equity of 32.98% and a negative net margin of 14.28%. Equities research analysts predict that QuinStreet, Inc. will post -0.41 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. StockNews.com upgraded shares of QuinStreet to a “sell” rating in a research report on Saturday, April 13th. B. Riley assumed coverage on shares of QuinStreet in a research report on Friday. They set a “buy” rating and a $21.50 price target on the stock. Barrington Research reiterated an “outperform” rating and set a $16.00 price target on shares of QuinStreet in a research report on Thursday, February 8th. Finally, Stephens boosted their price target on shares of QuinStreet from $17.00 to $18.00 and gave the company an “overweight” rating in a research report on Friday, March 15th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, QuinStreet currently has an average rating of “Hold” and an average target price of $16.38.

QuinStreet 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.