Blair William & Co. IL Reduces Position in QuinStreet, Inc. (NASDAQ:QNST)

Blair William & Co. IL decreased its stake in QuinStreet, Inc. (NASDAQ:QNST - Free Report) by 29.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 449,899 shares of the technology company's stock after selling 192,239 shares during the period. Blair William & Co. IL owned 0.80% of QuinStreet worth $10,379,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. American Century Companies Inc. increased its position in QuinStreet by 9.9% during the fourth 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 during the period. SVB Wealth LLC purchased a new stake in QuinStreet in the 4th quarter valued at $3,508,000. JPMorgan Chase & Co. boosted its stake in QuinStreet by 39.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 449,589 shares of the technology company's stock worth $8,601,000 after purchasing an additional 127,689 shares during the period. FMR LLC grew 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 purchasing an additional 109,892 shares during the last quarter. Finally, Lisanti Capital Growth LLC acquired a new position in QuinStreet in the fourth quarter valued at $2,031,000. 97.83% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have recently weighed in on QNST. B. Riley reiterated a "buy" rating and set a $34.00 target price (up previously from $32.00) on shares of QuinStreet in a research note on Friday, February 7th. StockNews.com upgraded QuinStreet from a "sell" rating to a "hold" rating in a research note on Monday, February 10th. Barrington Research reiterated an "outperform" rating and issued a $29.00 price objective on shares of QuinStreet in a research report on Wednesday, March 26th. Finally, Lake Street Capital boosted their price objective 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. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, QuinStreet presently has an average rating of "Moderate Buy" and an average target price of $29.80.

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Insiders Place Their Bets

In other QuinStreet news, CFO Gregory Wong sold 8,516 shares of the business's stock in a transaction 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 sale, the chief financial officer now directly owns 337,031 shares in the company, valued at approximately $7,711,269.28. The trade was a 2.46 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Douglas Valenti sold 10,000 shares of the company's stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $25.02, for a total value of $250,200.00. Following the completion of the sale, the chief executive officer now directly owns 1,836,754 shares in the company, valued at $45,955,585.08. This trade represents a 0.54 % decrease in their position. The disclosure for this sale can be found here. 5.00% of the stock is currently owned by company insiders.

QuinStreet Trading Up 0.9 %

Shares of QNST traded up $0.16 during mid-day trading on Tuesday, hitting $18.00. The company's stock had a trading volume of 391,808 shares, compared to its average volume of 450,005. The firm has a 50-day simple moving average of $20.70 and a 200 day simple moving average of $20.96. QuinStreet, Inc. has a 1-year low of $15.20 and a 1-year high of $26.27. The firm has a market capitalization of $1.02 billion, a P/E ratio of -81.82 and a beta of 1.13.

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

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.