Basswood Capital Management L.L.C. Sells 521,128 Shares of QuinStreet, Inc. (NASDAQ:QNST)

Basswood Capital Management L.L.C. reduced its holdings in QuinStreet, Inc. (NASDAQ:QNST - Free Report) by 74.7% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 176,860 shares of the technology company's stock after selling 521,128 shares during the quarter. Basswood Capital Management L.L.C. owned approximately 0.31% of QuinStreet worth $4,080,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of QNST. Arcadia Investment Management Corp MI acquired a new stake in QuinStreet in the fourth quarter valued at $38,000. KBC Group NV increased its stake in shares of QuinStreet by 64.5% in the fourth quarter. KBC Group NV now owns 3,562 shares of the technology company's stock valued at $82,000 after buying an additional 1,396 shares during the period. PNC Financial Services Group Inc. raised its position in shares of QuinStreet by 43.9% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,808 shares of the technology company's stock worth $88,000 after acquiring an additional 1,162 shares during the last quarter. Steward Partners Investment Advisory LLC acquired a new position in shares of QuinStreet in the fourth quarter worth approximately $112,000. Finally, BankPlus Trust Department bought a new stake in QuinStreet in the fourth quarter valued at approximately $198,000. Institutional investors own 97.83% of the company's stock.

QuinStreet Price Performance

Shares of NASDAQ QNST traded up $0.54 during mid-day trading on Wednesday, reaching $18.28. 1,205,903 shares of the company's stock were exchanged, compared to its average volume of 479,187. QuinStreet, Inc. has a 52 week low of $14.39 and a 52 week high of $26.27. The firm has a 50-day moving average price of $17.33 and a two-hundred day moving average price of $20.41. The firm has a market capitalization of $1.03 billion, a price-to-earnings ratio of -83.09 and a beta of 0.79.

QuinStreet (NASDAQ:QNST - Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The technology company reported ($0.03) EPS 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, sell-side analysts forecast that QuinStreet, Inc. will post 0.12 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on QNST shares. StockNews.com raised shares of QuinStreet from a "sell" rating to a "hold" rating in a research note on Monday, February 10th. Lake Street Capital increased their price target on QuinStreet from $25.00 to $27.00 and gave the stock a "hold" rating in a report on Friday, February 7th. Barrington Research reissued an "outperform" rating and issued a $29.00 price objective on shares of QuinStreet in a research note on Wednesday, April 23rd. Finally, B. Riley reaffirmed a "buy" rating and set a $34.00 target price (up previously from $32.00) on shares of QuinStreet in a research note on Friday, February 7th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $29.80.

Insider Transactions at QuinStreet

In related news, CFO Gregory Wong sold 8,516 shares of the 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 owns 337,031 shares in the company, valued at approximately $7,711,269.28. This trade represents a 2.46 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 5.00% of the company's stock.

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.