QuinStreet, Inc. (NASDAQ:QNST) Stock Holdings Reduced by Franklin Resources Inc.

Franklin Resources Inc. lessened its holdings in shares of QuinStreet, Inc. (NASDAQ:QNST - Free Report) by 82.1% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 32,416 shares of the technology company's stock after selling 149,051 shares during the quarter. Franklin Resources Inc. owned about 0.06% of QuinStreet worth $748,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of QNST. Vanguard Group Inc. lifted its holdings in QuinStreet by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 4,002,030 shares of the technology company's stock worth $92,327,000 after purchasing an additional 26,169 shares during the period. American Century Companies Inc. raised its position in shares of QuinStreet by 9.9% during the 4th quarter. American Century Companies Inc. now owns 2,228,568 shares of the technology company's stock worth $51,413,000 after buying an additional 201,052 shares in the last quarter. State Street Corp lifted its stake 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 worth $38,068,000 after acquiring an additional 41,538 shares during the period. Geode Capital Management LLC boosted its holdings in shares of QuinStreet by 3.0% in the third quarter. Geode Capital Management LLC now owns 1,270,766 shares of the technology company's stock valued at $24,315,000 after acquiring an additional 36,963 shares in the last quarter. Finally, First Eagle Investment Management LLC increased its stake in shares of QuinStreet by 6.0% during the fourth quarter. First Eagle Investment Management LLC now owns 681,023 shares of the technology company's stock valued at $15,711,000 after acquiring an additional 38,500 shares during the period. Institutional investors own 97.83% of the company's stock.

QuinStreet Stock Performance

Shares of NASDAQ:QNST traded up $0.71 during midday trading on Tuesday, reaching $16.59. The company had a trading volume of 499,971 shares, compared to its average volume of 473,449. The company has a fifty day simple moving average of $17.97 and a two-hundred day simple moving average of $20.50. The firm has a market cap of $936.82 million, a price-to-earnings ratio of -75.41 and a beta of 0.91. QuinStreet, Inc. has a 1-year low of $14.39 and a 1-year high of $26.27.

QuinStreet (NASDAQ:QNST - Get Free Report) last announced its earnings results on Thursday, February 6th. The technology company reported ($0.03) 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 expect that QuinStreet, Inc. will post 0.12 EPS for the current year.

Insider Transactions at QuinStreet

In other QuinStreet 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 transaction of $250,200.00. Following the transaction, the chief executive officer now owns 1,836,754 shares of the company's stock, valued at $45,955,585.08. The trade was a 0.54 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Gregory Wong sold 8,516 shares of the stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $22.88, for a total transaction of $194,846.08. Following the completion of the sale, the chief financial officer now directly owns 337,031 shares of the company's stock, valued at $7,711,269.28. This trade represents a 2.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 5.00% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

QNST has been the subject of a number of research reports. Barrington Research reaffirmed an "outperform" rating and set a $29.00 price target on shares of QuinStreet in a research note on Wednesday, March 26th. StockNews.com raised QuinStreet from a "sell" rating to a "hold" rating in a research note on Monday, February 10th. B. Riley reiterated a "buy" rating and issued a $34.00 price target (up from $32.00) on shares of QuinStreet in a research report on Friday, February 7th. Finally, Lake Street Capital lifted their price objective on shares of QuinStreet from $25.00 to $27.00 and gave the stock a "hold" rating in a research note on Friday, February 7th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $29.80.

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.