QuinStreet, Inc. (NASDAQ:QNST) Shares Sold by Blair William & Co. IL

Key Points

• Blair William & Co. IL sold 206,224 shares of QuinStreet, Inc. in Q1, reducing its holdings by 45.8% to 243,675 shares, valued at approximately $4.35 million.
• QuinStreet reported a 60.1% year-over-year revenue increase to $269.84 million in its latest earnings, beating the consensus EPS estimate by $0.15.
• Currently, 97.83% of QuinStreet's stock is owned by institutional investors, highlighting significant institutional interest in the company.

Blair William & Co. IL reduced its position in QuinStreet, Inc. (NASDAQ:QNST - Free Report) by 45.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 243,675 shares of the technology company's stock after selling 206,224 shares during the quarter. Blair William & Co. IL owned approximately 0.43% of QuinStreet worth $4,347,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Natixis Advisors LLC boosted its stake in shares of QuinStreet by 44.0% in the 1st quarter. Natixis Advisors LLC now owns 18,770 shares of the technology company's stock valued at $335,000 after buying an additional 5,735 shares during the period. XTX Topco Ltd grew its holdings in QuinStreet by 491.3% during the 1st quarter. XTX Topco Ltd now owns 60,761 shares of the technology company's stock worth $1,084,000 after acquiring an additional 50,486 shares in the last quarter. Mackenzie Financial Corp purchased a new stake in shares of QuinStreet in the 1st quarter valued at approximately $321,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of QuinStreet by 11.6% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 18,881 shares of the technology company's stock valued at $337,000 after purchasing an additional 1,966 shares during the last quarter. Finally, Kapitalo Investimentos Ltda acquired a new stake in shares of QuinStreet in the 1st quarter valued at $184,000. 97.83% of the stock is owned by institutional investors and hedge funds.

QuinStreet Trading Down 6.2%

Shares of NASDAQ QNST traded down $1.01 during midday trading on Friday, reaching $15.19. 897,272 shares of the company were exchanged, compared to its average volume of 530,243. The stock has a market cap of $857.76 million, a P/E ratio of 168.78 and a beta of 0.71. QuinStreet, Inc. has a 1 year low of $14.39 and a 1 year high of $26.27. The stock has a fifty day simple moving average of $15.86 and a 200 day simple moving average of $17.56.

QuinStreet (NASDAQ:QNST - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The technology company reported $0.25 earnings per share for the quarter, missing analysts' consensus estimates of $0.26 by ($0.01). QuinStreet had a net margin of 0.43% and a return on equity of 4.65%. The firm had revenue of $262.05 million during the quarter, compared to analysts' expectations of $255.84 million. During the same quarter last year, the business earned $0.11 earnings per share. The business's quarterly revenue was up 32.1% on a year-over-year basis. As a group, analysts forecast that QuinStreet, Inc. will post 0.12 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. Lake Street Capital lowered their target price on shares of QuinStreet from $19.00 to $18.00 and set a "hold" rating for the company in a research note on Friday. Barrington Research reiterated an "outperform" rating and issued a $29.00 price objective on shares of QuinStreet in a report on Friday. Wall Street Zen raised QuinStreet from a "hold" rating to a "buy" rating in a report on Saturday, June 21st. Stephens reissued an "overweight" rating and set a $31.00 price objective on shares of QuinStreet in a report on Thursday, May 8th. Finally, B. Riley cut their price objective on shares of QuinStreet from $28.00 to $25.00 and set a "buy" rating on the stock in a report on Friday. One analyst has rated the stock with a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $27.00.

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.