GSA Capital Partners LLP Sells 102,606 Shares of QuinStreet, Inc. (NASDAQ:QNST)

GSA Capital Partners LLP decreased its position in shares of QuinStreet, Inc. (NASDAQ:QNST - Free Report) by 62.8% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 60,872 shares of the technology company's stock after selling 102,606 shares during the quarter. GSA Capital Partners LLP owned approximately 0.11% of QuinStreet worth $1,164,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in QNST. Vanguard Group Inc. lifted its holdings in QuinStreet by 1.3% in the first quarter. Vanguard Group Inc. now owns 3,712,518 shares of the technology company's stock valued at $65,563,000 after buying an additional 48,705 shares during the period. American Century Companies Inc. lifted its holdings in QuinStreet by 27.5% during the second quarter. American Century Companies Inc. now owns 2,035,127 shares of the technology company's stock worth $33,763,000 after acquiring an additional 438,947 shares in the last quarter. Driehaus Capital Management LLC grew its stake in QuinStreet by 17.6% in the second quarter. Driehaus Capital Management LLC now owns 1,509,937 shares of the technology company's stock valued at $25,050,000 after acquiring an additional 225,720 shares during the period. Millennium Management LLC increased its holdings in shares of QuinStreet by 7.5% in the second quarter. Millennium Management LLC now owns 804,223 shares of the technology company's stock worth $13,342,000 after acquiring an additional 55,889 shares in the last quarter. Finally, First Eagle Investment Management LLC raised its position in shares of QuinStreet by 0.7% during the second quarter. First Eagle Investment Management LLC now owns 553,223 shares of the technology company's stock worth $9,178,000 after purchasing an additional 4,000 shares during the period. Institutional investors own 97.83% of the company's stock.

QuinStreet Stock Performance

QuinStreet stock traded down $0.51 during mid-day trading on Friday, reaching $20.31. The company's stock had a trading volume of 553,614 shares, compared to its average volume of 414,973. The company has a market capitalization of $1.14 billion, a price-to-earnings ratio of -50.55 and a beta of 1.09. The business's 50 day simple moving average is $19.71 and its 200 day simple moving average is $18.35. QuinStreet, Inc. has a 12 month low of $10.88 and a 12 month high of $26.27.

QuinStreet (NASDAQ:QNST - Get Free Report) last issued its quarterly earnings results on Monday, November 4th. The technology company reported $0.22 EPS for the quarter, beating the consensus estimate of $0.15 by $0.07. The firm had revenue of $279.22 million during the quarter, compared to analysts' expectations of $222.68 million. QuinStreet had a negative return on equity of 8.79% and a negative net margin of 2.88%. The business's quarterly revenue was up 125.3% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.19) earnings per share. As a group, sell-side analysts expect that QuinStreet, Inc. will post 0.15 EPS for the current year.

Insider Activity at QuinStreet

In other news, Director Matthew Glickman sold 30,000 shares of the firm's stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $22.63, for a total value of $678,900.00. Following the completion of the sale, the director now directly owns 113,140 shares of the company's stock, valued at $2,560,358.20. This trade represents a 20.96 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 5.00% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

QNST has been the subject of several research analyst reports. StockNews.com lowered QuinStreet from a "hold" rating to a "sell" rating in a research report on Tuesday. Craig Hallum upped their price target on shares of QuinStreet from $25.00 to $32.00 and gave the company a "buy" rating in a report on Tuesday, November 5th. Stephens raised their price objective on shares of QuinStreet from $23.00 to $27.00 and gave the stock an "overweight" rating in a report on Tuesday, November 5th. Lake Street Capital upped their target price on shares of QuinStreet from $20.00 to $25.00 and gave the stock a "hold" rating in a research note on Tuesday, November 5th. Finally, B. Riley increased their target price on QuinStreet from $24.00 to $32.00 and gave the stock a "buy" rating in a report on Tuesday, November 5th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat.com, QuinStreet presently has a consensus rating of "Moderate Buy" and an average 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.