Private Capital Management LLC Has $78.31 Million Position in QuinStreet, Inc. (NASDAQ:QNST)

Private Capital Management LLC trimmed its position in shares of QuinStreet, Inc. (NASDAQ:QNST - Free Report) by 3.9% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 4,093,749 shares of the technology company's stock after selling 167,479 shares during the period. QuinStreet accounts for 15.6% of Private Capital Management LLC's investment portfolio, making the stock its 2nd biggest holding. Private Capital Management LLC owned 7.28% of QuinStreet worth $78,313,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. grew its holdings in shares of QuinStreet by 39.7% during the third quarter. JPMorgan Chase & Co. now owns 449,589 shares of the technology company's stock valued at $8,601,000 after buying an additional 127,689 shares in the last quarter. FMR LLC boosted its position in QuinStreet by 5.2% during the 3rd quarter. FMR LLC now owns 2,233,345 shares of the technology company's stock worth $42,724,000 after acquiring an additional 109,892 shares during the period. Barclays PLC grew its stake in QuinStreet by 149.7% during the 3rd quarter. Barclays PLC now owns 127,404 shares of the technology company's stock valued at $2,436,000 after acquiring an additional 76,389 shares in the last quarter. Portolan Capital Management LLC grew its stake in QuinStreet by 9.6% during the 3rd quarter. Portolan Capital Management LLC now owns 801,693 shares of the technology company's stock valued at $15,336,000 after acquiring an additional 70,408 shares in the last quarter. Finally, State Street Corp increased its holdings in shares of QuinStreet by 2.1% in the 3rd quarter. State Street Corp now owns 1,989,976 shares of the technology company's stock valued at $38,068,000 after purchasing an additional 41,538 shares during the period. 97.83% of the stock is owned by institutional investors and hedge funds.

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Analysts Set New Price Targets

Several research firms recently commented on QNST. StockNews.com upgraded shares of QuinStreet from a "sell" rating to a "hold" rating in a report on Monday, February 10th. Lake Street Capital lifted their target price on shares of QuinStreet from $25.00 to $27.00 and gave the company a "hold" rating in a research note on Friday, February 7th. B. Riley reaffirmed a "buy" rating and issued a $34.00 price target (up from $32.00) on shares of QuinStreet in a research note on Friday, February 7th. Barrington Research reiterated an "outperform" rating and set a $29.00 price objective on shares of QuinStreet in a report on Friday, February 7th. Finally, Stephens boosted their target price on QuinStreet from $23.00 to $27.00 and gave the company an "overweight" rating in a research note on Tuesday, November 5th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, QuinStreet currently has a consensus rating of "Moderate Buy" and a consensus price target of $29.80.

Insider Buying and Selling at QuinStreet

In other news, CEO Douglas Valenti sold 10,000 shares of QuinStreet stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $25.02, for a total value of $250,200.00. Following the transaction, the chief executive officer now directly owns 1,836,754 shares in the company, valued at approximately $45,955,585.08. The trade was a 0.54 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Gregory Wong sold 8,516 shares of the stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $22.88, for a total value of $194,846.08. Following the sale, the chief financial officer now owns 337,031 shares of the company's stock, valued at approximately $7,711,269.28. The trade was a 2.46 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 5.00% of the company's stock.

QuinStreet Price Performance

Shares of QNST stock traded down $0.15 on Tuesday, hitting $18.70. The company's stock had a trading volume of 502,511 shares, compared to its average volume of 420,527. The stock has a market capitalization of $1.06 billion, a price-to-earnings ratio of -84.98 and a beta of 1.06. QuinStreet, Inc. has a fifty-two week low of $14.61 and a fifty-two week high of $26.27. The firm's fifty day moving average price is $22.54 and its 200-day moving average price is $21.00.

QuinStreet (NASDAQ:QNST - Get Free Report) last released its quarterly earnings results on Thursday, February 6th. The technology company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.21). QuinStreet had a negative return on equity of 4.13% and a negative net margin of 1.31%. Analysts predict that QuinStreet, Inc. will post 0.12 EPS for the current fiscal year.

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.