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 lessened its holdings in shares of QuinStreet, Inc. (NASDAQ:QNST - Free Report) by 45.8% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. 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 0.43% of QuinStreet worth $4,347,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of QNST. CWM LLC grew its stake in QuinStreet by 326.7% during the 1st quarter. CWM LLC now owns 6,144 shares of the technology company's stock valued at $110,000 after purchasing an additional 4,704 shares in the last quarter. Kapitalo Investimentos Ltda acquired a new stake in QuinStreet during the 1st quarter valued at approximately $184,000. Pictet Asset Management Holding SA acquired a new stake in QuinStreet during the 4th quarter valued at approximately $203,000. Signaturefd LLC grew its stake in QuinStreet by 81,292.9% during the 1st quarter. Signaturefd LLC now owns 11,395 shares of the technology company's stock valued at $203,000 after purchasing an additional 11,381 shares in the last quarter. Finally, Aquatic Capital Management LLC acquired a new stake in QuinStreet during the 4th quarter valued at approximately $213,000. Institutional investors and hedge funds own 97.83% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. Wall Street Zen raised QuinStreet from a "hold" rating to a "buy" rating in a report on Saturday, June 21st. Barrington Research reaffirmed an "outperform" rating and set a $29.00 target price on shares of QuinStreet in a report on Wednesday, April 23rd. Lake Street Capital reduced their target price on QuinStreet from $27.00 to $19.00 and set a "hold" rating on the stock in a report on Thursday, May 8th. Finally, Stephens reaffirmed an "overweight" rating and set a $31.00 target price on shares of QuinStreet in a report on Thursday, May 8th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $29.00.

QuinStreet Price Performance

Shares of NASDAQ QNST traded down $0.68 during mid-day trading on Thursday, hitting $16.20. The company had a trading volume of 537,345 shares, compared to its average volume of 533,878. The stock has a market cap of $914.81 million, a price-to-earnings ratio of -1,618.38 and a beta of 0.71. QuinStreet, Inc. has a 12 month low of $14.39 and a 12 month high of $26.27. The firm's 50 day simple moving average is $15.86 and its two-hundred day simple moving average is $17.64.

QuinStreet (NASDAQ:QNST - Get Free Report) last announced its quarterly earnings results 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 business had revenue of $269.84 million for the quarter, compared to the consensus estimate of $270.36 million. QuinStreet had a positive return on equity of 1.08% and a negative net margin of 0.06%. The business's revenue was up 60.1% on a year-over-year basis. During the same quarter last year, the business posted $0.06 EPS. Equities analysts forecast that QuinStreet, Inc. will post 0.12 earnings per share for the current 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.