Nuveen Asset Management LLC Has $6.75 Million Position in QuinStreet, Inc. (NASDAQ:QNST)

Nuveen Asset Management LLC cut its position in QuinStreet, Inc. (NASDAQ:QNST - Free Report) by 47.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm 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 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. boosted its stake in shares of QuinStreet by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 4,002,030 shares of the technology company's stock valued at $92,327,000 after purchasing an additional 26,169 shares during the period. Driehaus Capital Management LLC boosted its stake in QuinStreet by 28.4% during the 4th quarter. Driehaus Capital Management LLC now owns 2,787,695 shares of the technology company's stock valued at $64,312,000 after acquiring an additional 617,216 shares during the last quarter. American Century Companies Inc. boosted its stake in QuinStreet by 9.9% during the 4th quarter. American Century Companies Inc. now owns 2,228,568 shares of the technology company's stock valued at $51,413,000 after acquiring an additional 201,052 shares during the last quarter. Geode Capital Management LLC boosted its stake in QuinStreet by 2.1% during the 4th quarter. Geode Capital Management LLC now owns 1,297,160 shares of the technology company's stock valued at $29,933,000 after acquiring an additional 26,394 shares during the last quarter. Finally, Invesco Ltd. boosted its stake in QuinStreet by 177.8% during the 4th quarter. Invesco Ltd. now owns 946,108 shares of the technology company's stock valued at $21,827,000 after acquiring an additional 605,500 shares during the last quarter. 97.83% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on QNST shares. Wall Street Zen downgraded shares of QuinStreet from a "buy" rating to a "hold" rating in a research report on Friday. B. Riley restated a "buy" rating and issued a $34.00 price target (up from $32.00) on shares of QuinStreet in a research report on Friday, February 7th. Stephens restated an "overweight" rating and issued a $31.00 price target on shares of QuinStreet in a research report on Thursday, May 8th. Lake Street Capital dropped their price objective on shares of QuinStreet from $27.00 to $19.00 and set a "hold" rating on the stock in a report on Thursday, May 8th. Finally, Barrington Research reissued an "outperform" rating and set a $29.00 target price on shares of QuinStreet in a research note on Wednesday, April 23rd. Two investment 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, QuinStreet presently has a consensus rating of "Moderate Buy" and a consensus price target of $29.00.

QuinStreet Price Performance

Shares of QNST traded down $0.28 during mid-day trading on Friday, hitting $15.30. The company's stock had a trading volume of 586,731 shares, compared to its average volume of 519,776. The firm has a 50-day moving average price of $16.36 and a 200 day moving average price of $19.81. The stock has a market capitalization of $863.98 million, a price-to-earnings ratio of -69.55 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, topping the consensus estimate 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% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.06 EPS. As a group, equities analysts anticipate that QuinStreet, Inc. will post 0.12 EPS for the current fiscal year.

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.