QuinStreet, Inc. (NASDAQ:QNST) Position Reduced by Nuveen Asset Management LLC

Nuveen Asset Management LLC decreased its holdings in shares of QuinStreet, Inc. (NASDAQ:QNST - Free Report) by 47.0% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 292,396 shares of the technology company's stock after selling 258,988 shares during the quarter. Nuveen Asset Management LLC owned 0.52% of QuinStreet worth $6,746,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Arcadia Investment Management Corp MI bought a new position in shares of QuinStreet during the fourth quarter valued at approximately $38,000. KBC Group NV increased its holdings in QuinStreet by 64.5% in the 4th 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 period. PNC Financial Services Group Inc. increased 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 worth $88,000 after acquiring an additional 1,162 shares during the period. Steward Partners Investment Advisory LLC purchased a new position in shares of QuinStreet during the 4th quarter valued at about $112,000. Finally, BankPlus Trust Department acquired a new stake in shares of QuinStreet during the 4th quarter worth approximately $198,000. Institutional investors own 97.83% of the company's stock.

Analyst Ratings Changes

Several equities analysts have issued reports on QNST shares. Stephens reaffirmed an "overweight" rating and set a $31.00 price objective on shares of QuinStreet in a report on Thursday, May 8th. B. Riley restated a "buy" rating and set a $34.00 price target (up previously from $32.00) on shares of QuinStreet in a report on Friday, February 7th. Barrington Research restated an "outperform" rating and issued a $29.00 price objective on shares of QuinStreet in a report on Wednesday, April 23rd. Wall Street Zen cut shares of QuinStreet from a "buy" rating to a "hold" rating in a research report on Friday. Finally, Lake Street Capital decreased their target price on QuinStreet from $27.00 to $19.00 and set a "hold" rating for the company in a report on Thursday, May 8th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $29.00.

QuinStreet Stock Up 2.6%

Shares of QNST traded up $0.40 during trading hours on Tuesday, reaching $15.56. 870,793 shares of the company traded hands, compared to its average volume of 522,709. The stock has a fifty day simple moving average of $16.23 and a 200 day simple moving average of $19.72. The stock has a market capitalization of $878.66 million, a PE ratio of -70.73 and a beta of 0.79. QuinStreet, Inc. has a fifty-two week low of $14.39 and a fifty-two week high of $26.27.

QuinStreet (NASDAQ:QNST - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The technology company reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.15. The company had revenue of $269.84 million during 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 quarterly revenue was up 60.1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.06 EPS. Research analysts predict 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.