Captrust Financial Advisors Sells 5,156 Shares of QuinStreet, Inc. (NASDAQ:QNST)

Captrust Financial Advisors lowered its position in QuinStreet, Inc. (NASDAQ:QNST) by 2.8% during the 4th quarter, Holdings Channel reports. The fund owned 179,092 shares of the technology company’s stock after selling 5,156 shares during the period. Captrust Financial Advisors’ holdings in QuinStreet were worth $4,132,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in QNST. Arcadia Investment Management Corp MI bought a new position in shares of QuinStreet in the 4th quarter worth $38,000. KBC Group NV raised its holdings in QuinStreet by 64.5% during the fourth quarter. KBC Group NV now owns 3,562 shares of the technology company’s stock worth $82,000 after buying an additional 1,396 shares during the last quarter. PNC Financial Services Group Inc. lifted its stake in shares of QuinStreet by 43.9% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,808 shares of the technology company’s stock valued at $88,000 after buying an additional 1,162 shares in the last quarter. Steward Partners Investment Advisory LLC acquired a new position in shares of QuinStreet during the fourth quarter valued at about $112,000. Finally, BankPlus Trust Department bought a new stake in shares of QuinStreet during the fourth quarter worth about $198,000. Institutional investors and hedge funds own 97.83% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Lake Street Capital dropped their price target on shares of QuinStreet from $27.00 to $19.00 and set a “hold” rating on the stock in a research report on Thursday. B. Riley restated a “buy” rating and issued a $34.00 target price (up previously from $32.00) on shares of QuinStreet in a report on Friday, February 7th. Stephens reiterated an “overweight” rating and set a $31.00 price target on shares of QuinStreet in a report on Thursday. StockNews.com upgraded QuinStreet from a “sell” rating to a “hold” rating in a research note on Monday, February 10th. Finally, Barrington Research reiterated an “outperform” rating and issued a $29.00 target price on shares of QuinStreet in a research note on Wednesday, April 23rd. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, QuinStreet presently has a consensus rating of “Moderate Buy” and an average price target of $29.00.

Insider Activity at QuinStreet

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 value of $194,846.08. Following the sale, the chief financial officer now directly owns 337,031 shares in the company, valued at $7,711,269.28. The trade was a 2.46 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 5.00% of the stock is owned by company insiders.

QuinStreet Price Performance

Shares of QuinStreet stock opened at $14.86 on Friday. The stock has a fifty day moving average price of $17.16 and a 200-day moving average price of $20.35. The firm has a market cap of $839.13 million, a PE ratio of -67.55 and a beta of 0.79. QuinStreet, Inc. has a 1 year low of $14.39 and a 1 year high of $26.27.

QuinStreet (NASDAQ:QNST) last announced its quarterly earnings data on Wednesday, May 7th. The technology company reported $0.21 EPS for the quarter, topping the consensus estimate of $0.06 by $0.15. QuinStreet had a negative net margin of 1.31% and a negative return on equity of 4.13%. The business had revenue of $269.84 million for the quarter, compared to analyst estimates of $270.36 million. During the same quarter in the previous year, the firm posted $0.06 earnings per share. The company’s revenue for the quarter was up 60.1% on a year-over-year basis. As a group, equities analysts anticipate 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.