QuinStreet, Inc. (NASDAQ:QNST) Holdings Lowered by Impax Asset Management Group plc

Impax Asset Management Group plc cut its stake in QuinStreet, Inc. (NASDAQ:QNST - Free Report) by 26.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 960,395 shares of the technology company's stock after selling 350,000 shares during the period. Impax Asset Management Group plc owned approximately 1.76% of QuinStreet worth $12,312,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. JPMorgan Chase & Co. increased its stake in QuinStreet by 9.4% in the 1st quarter. JPMorgan Chase & Co. now owns 644,508 shares of the technology company's stock valued at $7,476,000 after purchasing an additional 55,500 shares in the last quarter. Citigroup Inc. increased its position in shares of QuinStreet by 11.6% in the first quarter. Citigroup Inc. now owns 43,211 shares of the technology company's stock valued at $501,000 after buying an additional 4,502 shares in the last quarter. MetLife Investment Management LLC boosted its position in shares of QuinStreet by 54.9% in the 1st quarter. MetLife Investment Management LLC now owns 28,152 shares of the technology company's stock worth $327,000 after buying an additional 9,979 shares in the last quarter. Rhumbline Advisers boosted its position in shares of QuinStreet by 6.5% in the 1st quarter. Rhumbline Advisers now owns 128,656 shares of the technology company's stock worth $1,492,000 after buying an additional 7,846 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in QuinStreet by 14.7% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 43,268 shares of the technology company's stock valued at $502,000 after acquiring an additional 5,551 shares in the last quarter. 97.83% of the stock is currently owned by institutional investors and hedge funds.

QuinStreet Price Performance

NASDAQ:QNST traded down $0.06 during mid-day trading on Wednesday, reaching $17.37. The company's stock had a trading volume of 284,594 shares, compared to its average volume of 390,645. The stock has a market cap of $953.44 million, a P/E ratio of -12.02 and a beta of 1.14. The company's fifty day simple moving average is $15.55 and its two-hundred day simple moving average is $12.85. QuinStreet, Inc. has a twelve month low of $6.79 and a twelve month high of $17.76.

QuinStreet (NASDAQ:QNST - Get Free Report) last announced its quarterly earnings data on Wednesday, February 7th. The technology company reported ($0.21) earnings per share for the quarter, missing the consensus estimate of ($0.16) by ($0.05). QuinStreet had a negative return on equity of 32.98% and a negative net margin of 14.28%. The company had revenue of $122.68 million for the quarter, compared to analysts' expectations of $116.46 million. Sell-side analysts expect that QuinStreet, Inc. will post -0.41 EPS for the current fiscal year.

Insider Buying and Selling at QuinStreet

In other news, CFO Gregory Wong sold 8,407 shares of the company's stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $15.03, for a total transaction of $126,357.21. Following the completion of the sale, the chief financial officer now directly owns 295,204 shares in the company, valued at approximately $4,436,916.12. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 5.30% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on QNST shares. Stephens upped their price target on shares of QuinStreet from $17.00 to $18.00 and gave the company an "overweight" rating in a report on Friday, March 15th. StockNews.com upgraded QuinStreet to a "sell" rating in a report on Tuesday, March 12th. Finally, Barrington Research reissued an "outperform" rating and issued a $16.00 target price on shares of QuinStreet in a research note on Thursday, February 8th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, QuinStreet has an average rating of "Hold" and a consensus price target of $15.75.

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.