QuinStreet, Inc. (NASDAQ:QNST) Shares Sold by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. lessened its stake in QuinStreet, Inc. (NASDAQ:QNST - Free Report) by 36.5% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 69,904 shares of the technology company's stock after selling 40,119 shares during the quarter. Assenagon Asset Management S.A. owned about 0.12% of QuinStreet worth $1,247,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Louisiana State Employees Retirement System lifted its stake in QuinStreet by 1.9% in the fourth quarter. Louisiana State Employees Retirement System now owns 27,200 shares of the technology company's stock valued at $628,000 after buying an additional 500 shares during the last quarter. Allspring Global Investments Holdings LLC acquired a new position in QuinStreet in the 4th quarter worth about $486,000. Principal Financial Group Inc. increased its holdings in QuinStreet by 4.8% in the fourth quarter. Principal Financial Group Inc. now owns 274,245 shares of the technology company's stock worth $6,327,000 after buying an additional 12,604 shares during the last quarter. New York State Common Retirement Fund boosted its position in QuinStreet by 17.5% during the fourth quarter. New York State Common Retirement Fund now owns 55,635 shares of the technology company's stock worth $1,283,000 after purchasing an additional 8,266 shares during the period. Finally, Arcadia Investment Management Corp MI acquired a new stake in shares of QuinStreet in the fourth quarter worth $38,000. 97.83% of the stock is currently owned by hedge funds and other institutional investors.

QuinStreet Trading Up 0.9%

NASDAQ QNST traded up $0.14 on Friday, hitting $15.26. The company's stock had a trading volume of 925,057 shares, compared to its average volume of 526,384. The firm has a market cap of $861.73 million, a P/E ratio of -1,524.48 and a beta of 0.73. The company's 50-day simple moving average is $16.04 and its 200 day simple moving average is $19.11. QuinStreet, Inc. has a 52-week low of $14.39 and a 52-week high of $26.27.

QuinStreet (NASDAQ:QNST - Get Free Report) last issued 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. The company had revenue of $269.84 million during the quarter, compared to analyst estimates of $270.36 million. QuinStreet had a positive return on equity of 1.08% and a negative net margin of 0.06%. QuinStreet's revenue was up 60.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.06 earnings per share. On average, research analysts forecast that QuinStreet, Inc. will post 0.12 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Barrington Research reaffirmed an "outperform" rating and issued a $29.00 price target on shares of QuinStreet in a report on Wednesday, April 23rd. Stephens reissued an "overweight" rating and issued a $31.00 price objective on shares of QuinStreet in a report on Thursday, May 8th. Lake Street Capital cut their price target on QuinStreet from $27.00 to $19.00 and set a "hold" rating for the company in a report on Thursday, May 8th. Finally, Wall Street Zen upgraded QuinStreet from a "hold" rating to a "buy" rating in a research report on Saturday. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $29.00.

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.