Royce & Associates LP Trims Stock Position in QuinStreet, Inc. (NASDAQ:QNST)

Royce & Associates LP cut its position in shares of QuinStreet, Inc. (NASDAQ:QNST) by 14.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,446,365 shares of the technology company’s stock after selling 236,677 shares during the period. Royce & Associates LP owned approximately 2.57% of QuinStreet worth $33,368,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. FMR LLC raised its stake in QuinStreet by 5.2% during the third 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 period. State Street Corp raised its stake in QuinStreet by 2.1% during the third quarter. State Street Corp now owns 1,989,976 shares of the technology company’s stock worth $38,068,000 after purchasing an additional 41,538 shares during the period. Geode Capital Management LLC raised its stake in QuinStreet by 3.0% during the third quarter. Geode Capital Management LLC now owns 1,270,766 shares of the technology company’s stock worth $24,315,000 after purchasing an additional 36,963 shares during the period. Portolan Capital Management LLC raised its stake in QuinStreet by 9.6% during the third quarter. Portolan Capital Management LLC now owns 801,693 shares of the technology company’s stock worth $15,336,000 after purchasing an additional 70,408 shares during the period. Finally, First Eagle Investment Management LLC raised its stake in QuinStreet by 6.0% during the fourth quarter. First Eagle Investment Management LLC now owns 681,023 shares of the technology company’s stock worth $15,711,000 after purchasing an additional 38,500 shares during the period. 97.83% of the stock is owned by hedge funds and other institutional investors.

QuinStreet Stock Performance

Shares of QNST stock opened at $17.76 on Friday. The stock has a market capitalization of $1.00 billion, a P/E ratio of -80.73 and a beta of 1.13. The company has a 50 day moving average price of $21.52 and a 200 day moving average price of $20.98. QuinStreet, Inc. has a fifty-two week low of $15.20 and a fifty-two week high of $26.27.

QuinStreet (NASDAQ:QNST) last announced its quarterly earnings data 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 net margin of 1.31% and a negative return on equity of 4.13%. On average, research analysts forecast that QuinStreet, Inc. will post 0.12 EPS for the current fiscal year.

Insider Activity at QuinStreet

In other QuinStreet news, CFO Gregory Wong sold 8,516 shares of the business’s 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 completion of the transaction, the chief financial officer now owns 337,031 shares in the company, valued at $7,711,269.28. The trade was a 2.46 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Douglas Valenti sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $25.02, for a total transaction of $250,200.00. Following the transaction, the chief executive officer now owns 1,836,754 shares of the company’s stock, 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. Company insiders own 5.00% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have commented on QNST. B. Riley reaffirmed a “buy” rating and set a $34.00 target price (up from $32.00) on shares of QuinStreet in a research note on Friday, February 7th. Lake Street Capital lifted their price target on shares of QuinStreet from $25.00 to $27.00 and gave the company a “hold” rating in a research report on Friday, February 7th. StockNews.com upgraded shares of QuinStreet from a “sell” rating to a “hold” rating in a research report on Monday, February 10th. Finally, Barrington Research reiterated an “outperform” rating and set a $29.00 price target on shares of QuinStreet in a research report on Friday, February 7th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $29.80.

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.