Blair William & Co. IL Sells 192,239 Shares of QuinStreet, Inc. (NASDAQ:QNST)

Blair William & Co. IL decreased its holdings in QuinStreet, Inc. (NASDAQ:QNST) by 29.9% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 449,899 shares of the technology company’s stock after selling 192,239 shares during the quarter. Blair William & Co. IL’s holdings in QuinStreet were worth $10,379,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in the business. Connor Clark & Lunn Investment Management Ltd. bought a new position in QuinStreet during the third quarter worth about $477,000. Charles Schwab Investment Management Inc. raised its holdings in shares of QuinStreet by 8.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 495,538 shares of the technology company’s stock worth $9,480,000 after buying an additional 40,236 shares in the last quarter. FMR LLC boosted its stake in QuinStreet by 5.2% in the 3rd quarter. FMR LLC now owns 2,233,345 shares of the technology company’s stock valued at $42,724,000 after buying an additional 109,892 shares in the last quarter. Quantbot Technologies LP bought a new stake in QuinStreet in the third quarter valued at $29,000. Finally, BNP Paribas Financial Markets raised its stake in QuinStreet by 145.8% during the third quarter. BNP Paribas Financial Markets now owns 52,209 shares of the technology company’s stock worth $999,000 after acquiring an additional 30,969 shares in the last quarter. 97.83% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. Lake Street Capital boosted 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. StockNews.com raised shares of 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 target price (up previously from $32.00) on shares of QuinStreet in a research note on Friday, February 7th. Finally, Barrington Research restated an “outperform” rating and set a $29.00 price target on shares of QuinStreet in a research report on Wednesday. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $29.80.

Insider Activity

In other QuinStreet news, CFO Gregory Wong sold 8,516 shares of the company’s stock in a transaction on Tuesday, February 18th. The shares were 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 owns 337,031 shares in the company, valued at approximately $7,711,269.28. The trade was a 2.46 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Douglas Valenti sold 10,000 shares of the firm’s stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $25.02, for a total value of $250,200.00. Following the completion of the transaction, the chief executive officer now owns 1,836,754 shares in the company, valued at $45,955,585.08. This represents a 0.54 % 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.

QuinStreet Trading Down 4.1 %

Shares of NASDAQ QNST opened at $17.92 on Friday. QuinStreet, Inc. has a 1-year low of $15.20 and a 1-year high of $26.27. The company has a 50-day moving average of $20.80 and a two-hundred day moving average of $20.95. The company has a market cap of $1.01 billion, a PE ratio of -81.45 and a beta of 1.13.

QuinStreet (NASDAQ:QNST) last posted its quarterly earnings data on Thursday, February 6th. The technology company reported ($0.03) earnings per share 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%. As a group, equities research analysts forecast that QuinStreet, Inc. will post 0.12 earnings per share for the current year.

About QuinStreet

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.