QuinStreet, Inc. (NASDAQ:QNST) Holdings Cut by Royce & Associates LP

Royce & Associates LP lowered its holdings in QuinStreet, Inc. (NASDAQ:QNST) by 6.5% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,683,042 shares of the technology company’s stock after selling 116,061 shares during the period. Royce & Associates LP’s holdings in QuinStreet were worth $32,197,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Louisiana State Employees Retirement System raised its holdings in shares of QuinStreet by 2.3% during the second quarter. Louisiana State Employees Retirement System now owns 26,400 shares of the technology company’s stock valued at $438,000 after buying an additional 600 shares during the last quarter. State of Alaska Department of Revenue raised its holdings in QuinStreet by 2.3% during the third quarter. State of Alaska Department of Revenue now owns 31,544 shares of the technology company’s stock worth $603,000 after purchasing an additional 712 shares in the last quarter. The Manufacturers Life Insurance Company raised its holdings in QuinStreet by 3.6% during the second quarter. The Manufacturers Life Insurance Company now owns 20,539 shares of the technology company’s stock worth $341,000 after purchasing an additional 719 shares in the last quarter. PEAK6 Investments LLC raised its holdings in QuinStreet by 3.4% during the first quarter. PEAK6 Investments LLC now owns 25,680 shares of the technology company’s stock worth $454,000 after purchasing an additional 843 shares in the last quarter. Finally, Texas Permanent School Fund Corp raised its holdings in QuinStreet by 1.9% during the first quarter. Texas Permanent School Fund Corp now owns 45,638 shares of the technology company’s stock worth $806,000 after purchasing an additional 847 shares in the last quarter. Institutional investors own 97.83% of the company’s stock.

QuinStreet Stock Down 3.3 %

NASDAQ QNST opened at $20.82 on Friday. The business’s fifty day moving average is $19.68 and its two-hundred day moving average is $18.33. QuinStreet, Inc. has a 1 year low of $10.88 and a 1 year high of $26.27.

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

Insider Buying and Selling at QuinStreet

In other QuinStreet news, Director Matthew Glickman sold 30,000 shares of the business’s stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $22.63, for a total transaction of $678,900.00. Following the sale, the director now directly owns 113,140 shares of the company’s stock, valued at $2,560,358.20. The trade was a 20.96 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 5.00% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on QNST. Barrington Research boosted their target price on QuinStreet from $22.00 to $29.00 and gave the stock an “outperform” rating in a report on Tuesday, November 5th. Stephens boosted their target price on QuinStreet from $23.00 to $27.00 and gave the stock an “overweight” rating in a report on Tuesday, November 5th. B. Riley upped their price target on QuinStreet from $24.00 to $32.00 and gave the company a “buy” rating in a report on Tuesday, November 5th. Craig Hallum upped their price target on QuinStreet from $25.00 to $32.00 and gave the company a “buy” rating in a report on Tuesday, November 5th. Finally, StockNews.com cut QuinStreet from a “hold” rating to a “sell” rating in a report on Tuesday. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $29.00.

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.