Silvercrest Asset Management Group LLC Sells 374,039 Shares of QuinStreet, Inc. (NASDAQ:QNST)

Silvercrest Asset Management Group LLC decreased its stake in shares of QuinStreet, Inc. (NASDAQ:QNST - Free Report) by 63.8% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 212,055 shares of the technology company's stock after selling 374,039 shares during the period. Silvercrest Asset Management Group LLC owned 0.38% of QuinStreet worth $4,892,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of QNST. Arcadia Investment Management Corp MI purchased a new position in QuinStreet during the fourth quarter worth $38,000. KBC Group NV boosted its holdings in shares of QuinStreet by 64.5% during the fourth quarter. KBC Group NV now owns 3,562 shares of the technology company's stock worth $82,000 after purchasing an additional 1,396 shares during the last quarter. PNC Financial Services Group Inc. boosted its holdings in shares of QuinStreet by 43.9% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,808 shares of the technology company's stock worth $88,000 after purchasing an additional 1,162 shares during the last quarter. Steward Partners Investment Advisory LLC acquired a new stake in shares of QuinStreet during the fourth quarter worth $112,000. Finally, BankPlus Trust Department acquired a new stake in shares of QuinStreet during the fourth quarter worth $198,000. Hedge funds and other institutional investors own 97.83% of the company's stock.

QuinStreet Price Performance

Shares of NASDAQ QNST traded down $0.34 during midday trading on Friday, hitting $14.92. 442,856 shares of the company's stock were exchanged, compared to its average volume of 516,313. The stock's 50 day moving average price is $16.71 and its 200-day moving average price is $20.03. The firm has a market cap of $842.52 million, a P/E ratio of -67.82 and a beta of 0.79. QuinStreet, Inc. has a twelve month low of $14.39 and a twelve month 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 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 during the quarter, compared to the consensus estimate of $270.36 million. QuinStreet had a negative return on equity of 4.13% and a negative net margin of 1.31%. The business's revenue was up 60.1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.06 earnings per share. On average, analysts expect that QuinStreet, Inc. will post 0.12 EPS for the current fiscal year.

Wall Street Analyst Weigh In

QNST has been the topic of several analyst reports. B. Riley restated a "buy" rating and set a $34.00 price objective (up previously from $32.00) on shares of QuinStreet in a report on Friday, February 7th. Wall Street Zen upgraded QuinStreet from a "sell" rating to a "hold" rating in a report on Monday, February 10th. Barrington Research restated an "outperform" rating and set a $29.00 price objective on shares of QuinStreet in a report on Wednesday, April 23rd. Stephens restated an "overweight" rating and set a $31.00 price objective on shares of QuinStreet in a report on Thursday, May 8th. Finally, Lake Street Capital decreased their price objective on QuinStreet from $27.00 to $19.00 and set a "hold" rating on the stock in a report on Thursday, May 8th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average 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.