Private Capital Management LLC Sells 31,235 Shares of QuinStreet, Inc. (NASDAQ:QNST)

Private Capital Management LLC lessened its holdings in shares of QuinStreet, Inc. (NASDAQ:QNST) by 0.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,062,514 shares of the technology company’s stock after selling 31,235 shares during the quarter. QuinStreet makes up approximately 9.8% of Private Capital Management LLC’s investment portfolio, making the stock its largest position. Private Capital Management LLC owned approximately 7.22% of QuinStreet worth $93,722,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Barclays PLC lifted its stake in QuinStreet by 149.7% during the third quarter. Barclays PLC now owns 127,404 shares of the technology company’s stock worth $2,436,000 after purchasing an additional 76,389 shares during the last quarter. SG Americas Securities LLC lifted its stake in QuinStreet by 1.8% during the fourth quarter. SG Americas Securities LLC now owns 26,060 shares of the technology company’s stock worth $601,000 after purchasing an additional 459 shares during the last quarter. KBC Group NV lifted its stake 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 purchasing an additional 1,396 shares during the last quarter. State of Alaska Department of Revenue lifted its stake in QuinStreet by 1.4% during the fourth quarter. State of Alaska Department of Revenue now owns 31,976 shares of the technology company’s stock worth $737,000 after purchasing an additional 432 shares during the last quarter. Finally, Louisiana State Employees Retirement System lifted its stake in QuinStreet by 1.9% during the fourth quarter. Louisiana State Employees Retirement System now owns 27,200 shares of the technology company’s stock worth $628,000 after purchasing an additional 500 shares during the last quarter. Institutional investors and hedge funds own 97.83% of the company’s stock.

Insider Buying and Selling at QuinStreet

In other QuinStreet news, CFO Gregory Wong sold 8,516 shares of QuinStreet stock in a transaction that occurred 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 transaction, the chief financial officer now owns 337,031 shares of the company’s stock, valued at $7,711,269.28. This trade represents a 2.46% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 5.00% of the company’s stock.

QuinStreet Price Performance

QNST stock opened at $15.88 on Thursday. The stock has a market capitalization of $896.73 million, a PE ratio of -72.18 and a beta of 0.79. The company’s 50-day moving average is $17.01 and its 200-day moving average is $20.30. QuinStreet, Inc. has a 1 year low of $14.39 and a 1 year high of $26.27.

QuinStreet (NASDAQ:QNST) last released its quarterly earnings data on Wednesday, May 7th. The technology company reported $0.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.06 by $0.15. The company had revenue of $269.84 million for the quarter, compared to analysts’ expectations of $270.36 million. QuinStreet had a negative net margin of 1.31% and a negative return on equity of 4.13%. The business’s revenue was up 60.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.06 EPS. On average, analysts anticipate that QuinStreet, Inc. will post 0.12 earnings per share for the current fiscal year.

Analysts Set New Price Targets

QNST has been the subject of a number of research reports. Lake Street Capital dropped their price target on QuinStreet from $27.00 to $19.00 and set a “hold” rating for the company in a research note on Thursday, May 8th. Barrington Research restated an “outperform” rating and issued a $29.00 price objective on shares of QuinStreet in a report on Wednesday, April 23rd. Stephens restated an “overweight” rating and issued a $31.00 price objective on shares of QuinStreet in a report on Thursday, May 8th. StockNews.com upgraded QuinStreet from a “sell” rating to a “hold” rating in a report on Monday, February 10th. Finally, B. Riley restated a “buy” rating and issued a $34.00 price objective (up from $32.00) on shares of QuinStreet in a report on Friday, February 7th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $29.00.

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.