QuinStreet, Inc. (NASDAQ:QNST) Shares Sold by Royce & Associates LP

Royce & Associates LP decreased its position in shares of QuinStreet, Inc. (NASDAQ:QNST) by 6.5% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,683,042 shares of the technology company’s stock after selling 116,061 shares during the quarter. Royce & Associates LP owned approximately 3.00% of QuinStreet worth $32,197,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. US Bancorp DE grew 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 purchasing an additional 1,250 shares during the last quarter. Quarry LP boosted its holdings in QuinStreet by 11,330.0% in the 2nd quarter. Quarry LP now owns 2,286 shares of the technology company’s stock valued at $38,000 after purchasing an additional 2,266 shares in the last quarter. SageView Advisory Group LLC purchased a new stake in QuinStreet in the 1st quarter valued at approximately $60,000. Victory Capital Management Inc. purchased a new stake in QuinStreet in the 2nd quarter valued at approximately $175,000. Finally, ProShare Advisors LLC purchased a new stake in QuinStreet in the 1st quarter valued at approximately $188,000. Hedge funds and other institutional investors own 97.83% of the company’s stock.

QuinStreet Trading Down 3.3 %

Shares of NASDAQ QNST opened at $20.82 on Friday. QuinStreet, Inc. has a 12-month low of $10.88 and a 12-month high of $26.27. The stock has a fifty day moving average price of $19.68 and a 200 day moving average price of $18.33.

QuinStreet (NASDAQ:QNST) last announced its earnings results on Monday, November 4th. The technology company reported $0.22 earnings per share for the quarter, beating the consensus estimate of $0.15 by $0.07. The company had revenue of $279.22 million during the quarter, compared to the consensus estimate of $222.68 million. QuinStreet had a negative return on equity of 8.79% and a negative net margin of 2.88%. The company’s revenue was up 125.3% on a year-over-year basis. During the same period last year, the firm earned ($0.19) earnings per share. On average, equities analysts expect that QuinStreet, Inc. will post 0.15 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Matthew Glickman sold 30,000 shares of the stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $22.63, for a total transaction of $678,900.00. Following the transaction, the director now owns 113,140 shares of the company’s stock, valued at approximately $2,560,358.20. This trade represents a 20.96 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 5.00% of the company’s stock.

Wall Street Analyst Weigh In

QNST has been the topic of a number of research reports. Lake Street Capital upped their price target on QuinStreet from $20.00 to $25.00 and gave the stock a “hold” rating in a report on Tuesday, November 5th. Barrington Research upped their target price on QuinStreet from $22.00 to $29.00 and gave the company an “outperform” rating in a research note on Tuesday, November 5th. Craig Hallum upped their target price on QuinStreet from $25.00 to $32.00 and gave the company a “buy” rating in a research note on Tuesday, November 5th. StockNews.com lowered QuinStreet from a “hold” rating to a “sell” rating in a research note on Tuesday. Finally, B. Riley increased their price target on QuinStreet from $24.00 to $32.00 and gave the stock a “buy” rating in a research note on Tuesday, November 5th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $29.00.

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.