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

Silvercrest Asset Management Group LLC decreased its holdings in shares of QuinStreet, Inc. (NASDAQ:QNST - Free Report) by 63.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 212,055 shares of the technology company's stock after selling 374,039 shares during the quarter. Silvercrest Asset Management Group LLC owned about 0.38% of QuinStreet worth $4,892,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of QNST. Arcadia Investment Management Corp MI bought a new position in shares of QuinStreet in the fourth quarter worth $38,000. KBC Group NV increased its holdings in shares of QuinStreet by 64.5% in 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 period. PNC Financial Services Group Inc. increased its holdings 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 purchasing an additional 1,162 shares during the period. Steward Partners Investment Advisory LLC bought a new position in shares of QuinStreet in the fourth quarter worth $112,000. Finally, BankPlus Trust Department bought a new position in shares of QuinStreet in the fourth quarter worth $198,000. Institutional investors own 97.83% of the company's stock.

QuinStreet Stock Performance

Shares of NASDAQ:QNST opened at $15.40 on Tuesday. QuinStreet, Inc. has a 52-week low of $14.39 and a 52-week high of $26.27. The firm has a fifty day moving average of $16.90 and a 200 day moving average of $20.21. The firm has a market capitalization of $869.62 million, a PE ratio of -70.00 and a beta of 0.79.

QuinStreet (NASDAQ:QNST - Get Free Report) last posted its quarterly earnings results 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. QuinStreet had a negative net margin of 1.31% and a negative return on equity of 4.13%. The business had revenue of $269.84 million during the quarter, compared to analyst estimates of $270.36 million. During the same period in the prior year, the business posted $0.06 earnings per share. The company's revenue was up 60.1% on a year-over-year basis. On average, sell-side analysts forecast that QuinStreet, Inc. will post 0.12 EPS for the current fiscal year.

Analysts Set New Price Targets

QNST has been the topic of several research analyst reports. Barrington Research reaffirmed an "outperform" rating and issued a $29.00 price target on shares of QuinStreet in a report on Wednesday, April 23rd. B. Riley reiterated a "buy" rating and issued a $34.00 target price (up from $32.00) on shares of QuinStreet in a research report on Friday, February 7th. StockNews.com upgraded shares of QuinStreet from a "sell" rating to a "hold" rating in a research report on Monday, February 10th. Lake Street Capital cut their target price on shares of QuinStreet from $27.00 to $19.00 and set a "hold" rating for the company in a research report on Thursday, May 8th. Finally, Stephens reiterated an "overweight" rating and issued a $31.00 target price on shares of QuinStreet in a research report on Thursday, May 8th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, QuinStreet presently has a consensus rating of "Moderate Buy" and a consensus price target of $29.00.

About QuinStreet

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.

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