Royce & Associates LP Sells 116,061 Shares of QuinStreet, Inc. (NASDAQ:QNST)

Royce & Associates LP lessened its holdings in shares of QuinStreet, Inc. (NASDAQ:QNST - Free Report) by 6.5% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 1,683,042 shares of the technology company's stock after selling 116,061 shares during the period. Royce & Associates LP owned approximately 3.00% of QuinStreet worth $32,197,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in QNST. US Bancorp DE lifted its holdings in shares of QuinStreet by 880.3% during the third quarter. US Bancorp DE now owns 1,392 shares of the technology company's stock worth $27,000 after buying an additional 1,250 shares during the last quarter. Quarry LP increased its position in QuinStreet by 11,330.0% during the second quarter. Quarry LP now owns 2,286 shares of the technology company's stock worth $38,000 after acquiring an additional 2,266 shares during the period. SageView Advisory Group LLC acquired a new position in QuinStreet during the 1st quarter valued at $60,000. Victory Capital Management Inc. bought a new stake in QuinStreet in the 2nd quarter valued at $175,000. Finally, ProShare Advisors LLC bought a new stake in QuinStreet in the 1st quarter valued at $188,000. Institutional investors own 97.83% of the company's stock.

Analyst Upgrades and Downgrades

QNST has been the subject of several research reports. Lake Street Capital increased their target price on shares of QuinStreet from $20.00 to $25.00 and gave the company a "hold" rating in a research note on Tuesday, November 5th. B. Riley raised their price objective on QuinStreet from $24.00 to $32.00 and gave the stock a "buy" rating in a research report on Tuesday, November 5th. Craig Hallum boosted their price objective on QuinStreet from $25.00 to $32.00 and gave the company a "buy" rating in a research report on Tuesday, November 5th. StockNews.com lowered QuinStreet from a "hold" rating to a "sell" rating in a research note on Tuesday. Finally, Barrington Research lifted their price target on shares of QuinStreet from $22.00 to $29.00 and gave the stock an "outperform" rating in a research note 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 an average rating of "Moderate Buy" and an average price target of $29.00.

QuinStreet Stock Down 2.4 %

NASDAQ:QNST traded down $0.51 during trading hours on Friday, reaching $20.31. The company had a trading volume of 553,614 shares, compared to its average volume of 414,973. The firm has a market capitalization of $1.14 billion, a PE ratio of -50.55 and a beta of 1.09. The stock has a 50-day moving average of $19.71 and a two-hundred day moving average of $18.35. QuinStreet, Inc. has a one year low of $10.88 and a one year high of $26.27.

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

Insider Transactions at QuinStreet

In related news, Director Matthew Glickman sold 30,000 shares of the firm's stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $22.63, for a total value of $678,900.00. Following the transaction, the director now owns 113,140 shares in the company, 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 legal filing with the Securities & Exchange Commission, which is available at the SEC website. 5.00% of the stock is owned by company insiders.

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.