QuinStreet, Inc. (NASDAQ:QNST) Shares Sold by FJ Capital Management LLC

FJ Capital Management LLC trimmed its stake in shares of QuinStreet, Inc. (NASDAQ:QNST - Free Report) by 58.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 13,315 shares of the technology company's stock after selling 18,721 shares during the quarter. FJ Capital Management LLC's holdings in QuinStreet were worth $307,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Deutsche Bank AG lifted its position in QuinStreet by 45.0% in the 4th quarter. Deutsche Bank AG now owns 48,957 shares of the technology company's stock worth $1,129,000 after buying an additional 15,191 shares during the last quarter. Driehaus Capital Management LLC lifted its position in QuinStreet by 28.4% during the fourth quarter. Driehaus Capital Management LLC now owns 2,787,695 shares of the technology company's stock valued at $64,312,000 after buying an additional 617,216 shares during the period. Divisadero Street Capital Management LP purchased a new stake in shares of QuinStreet in the 4th quarter worth approximately $2,768,000. Corton Capital Inc. bought a new stake in shares of QuinStreet during the fourth quarter valued at approximately $292,000. Finally, Cubist Systematic Strategies LLC purchased a new stake in shares of QuinStreet during the 4th quarter valued at about $1,213,000. Institutional investors own 97.83% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. 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 price target on QuinStreet from $27.00 to $19.00 and set a "hold" rating for the company in a research note on Thursday, May 8th. 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. B. Riley restated a "buy" rating and set a $34.00 target price (up previously from $32.00) on shares of QuinStreet in a research report on Friday, February 7th. Finally, Stephens restated an "overweight" rating and set a $31.00 price target on shares of QuinStreet in a report on Thursday, May 8th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $29.00.

QuinStreet Trading Down 2.7%

Shares of NASDAQ QNST traded down $0.44 during mid-day trading on Wednesday, reaching $15.94. The company had a trading volume of 236,830 shares, compared to its average volume of 500,652. The business's 50-day moving average is $17.06 and its 200-day moving average is $20.33. QuinStreet, Inc. has a 52 week low of $14.39 and a 52 week high of $26.27. The stock has a market cap of $900.12 million, a price-to-earnings ratio of -72.45 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 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 quarter in the previous year, the business posted $0.06 EPS. The company's quarterly revenue was up 60.1% compared to the same quarter last year. As a group, equities research analysts forecast that QuinStreet, Inc. will post 0.12 earnings per share for the current year.

Insider Buying and Selling at QuinStreet

In other news, CFO Gregory Wong sold 8,516 shares of the business's stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $22.88, for a total transaction of $194,846.08. Following the completion of the sale, the chief financial officer now owns 337,031 shares of the company's stock, valued at $7,711,269.28. The trade was a 2.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 5.00% of the stock is owned by corporate insiders.

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.