Russell Investments Group Ltd. Has $650,000 Holdings in QuinStreet, Inc. (QNST)

Russell Investments Group Ltd. boosted its position in shares of QuinStreet, Inc. (NASDAQ:QNST) by 20.4% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 88,520 shares of the technology company’s stock after purchasing an additional 15,012 shares during the period. Russell Investments Group Ltd. owned approximately 0.19% of QuinStreet worth $650,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of QNST. Geode Capital Management LLC raised its stake in QuinStreet by 4.0% during the first quarter. Geode Capital Management LLC now owns 284,704 shares of the technology company’s stock worth $1,110,000 after purchasing an additional 10,913 shares during the period. Great West Life Assurance Co. Can raised its stake in QuinStreet by 29.4% during the second quarter. Great West Life Assurance Co. Can now owns 52,855 shares of the technology company’s stock worth $220,000 after purchasing an additional 12,000 shares during the period. SG Americas Securities LLC purchased a new position in QuinStreet during the second quarter worth about $271,000. Legal & General Group Plc raised its stake in QuinStreet by 2.3% during the second quarter. Legal & General Group Plc now owns 61,218 shares of the technology company’s stock worth $255,000 after purchasing an additional 1,350 shares during the period. Finally, JPMorgan Chase & Co. raised its stake in QuinStreet by 14.3% during the second quarter. JPMorgan Chase & Co. now owns 99,475 shares of the technology company’s stock worth $415,000 after purchasing an additional 12,426 shares during the period. 63.70% of the stock is currently owned by institutional investors.

Separately, Barrington Research initiated coverage on shares of QuinStreet in a research note on Tuesday, November 28th. They set an “outperform” rating and a $12.50 target price on the stock.

In other news, Director James R. Simons sold 229,716 shares of the business’s stock in a transaction that occurred on Tuesday, December 19th. The shares were sold at an average price of $8.63, for a total value of $1,982,449.08. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director John G. Mcdonald sold 14,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 29th. The shares were sold at an average price of $10.37, for a total transaction of $145,180.00. Following the completion of the sale, the director now directly owns 67,671 shares in the company, valued at $701,748.27. The disclosure for this sale can be found here. Insiders sold a total of 245,178 shares of company stock worth $2,140,348 over the last three months. Insiders own 24.10% of the company’s stock.

QuinStreet, Inc. (NASDAQ:QNST) opened at $8.62 on Wednesday. QuinStreet, Inc. has a 52 week low of $2.96 and a 52 week high of $10.97. The company has a market cap of $383.09, a PE ratio of -53.88, a price-to-earnings-growth ratio of 2.54 and a beta of 1.12.

QuinStreet (NASDAQ:QNST) last issued its earnings results on Monday, October 30th. The technology company reported $0.08 EPS for the quarter, topping analysts’ consensus estimates of $0.05 by $0.03. The company had revenue of $87.40 million for the quarter, compared to the consensus estimate of $79.90 million. QuinStreet had a negative net margin of 2.29% and a positive return on equity of 1.06%. QuinStreet’s quarterly revenue was up 19.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.01 earnings per share. analysts predict that QuinStreet, Inc. will post 0.11 EPS for the current fiscal year.

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QuinStreet Profile

QuinStreet, Inc is an online performance marketing company. The Company provides vertically oriented customer acquisition programs for its clients. The Company operating segments include Direct Marketing Services (DMS) business. Its DMS business derives its net revenue from fees earned through the delivery of qualified leads, clicks, calls or customers, and display advertisements, or impressions.

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Institutional Ownership by Quarter for QuinStreet (NASDAQ:QNST)

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