QuinStreet, Inc. (NASDAQ:QNST) Position Trimmed by Private Capital Management LLC

Private Capital Management LLC decreased its position in shares of QuinStreet, Inc. (NASDAQ:QNST - Free Report) by 0.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,062,514 shares of the technology company's stock after selling 31,235 shares during the quarter. QuinStreet comprises about 9.8% of Private Capital Management LLC's investment portfolio, making the stock its largest holding. Private Capital Management LLC owned about 7.22% of QuinStreet worth $93,722,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of QNST. Arcadia Investment Management Corp MI bought a new stake in QuinStreet in the 4th quarter valued at about $38,000. KBC Group NV increased its stake 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 valued at $82,000 after purchasing an additional 1,396 shares during the period. PNC Financial Services Group Inc. raised 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 valued at $88,000 after buying an additional 1,162 shares during the last quarter. Steward Partners Investment Advisory LLC acquired a new position in shares of QuinStreet during the fourth quarter worth approximately $112,000. Finally, BankPlus Trust Department acquired a new position in shares of QuinStreet during the fourth quarter worth approximately $198,000. Institutional investors and hedge funds own 97.83% of the company's stock.

QuinStreet Trading Up 1.1%

Shares of NASDAQ QNST traded up $0.18 during mid-day trading on Tuesday, reaching $15.58. The company had a trading volume of 198,842 shares, compared to its average volume of 505,524. The company has a 50-day moving average price of $16.90 and a two-hundred day moving average price of $20.21. The stock has a market cap of $879.56 million, a PE ratio of -70.82 and a beta of 0.79. QuinStreet, Inc. has a 1-year low of $14.39 and a 1-year high of $26.27.

QuinStreet (NASDAQ:QNST - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The technology company reported $0.21 earnings per share for the quarter, topping analysts' consensus estimates of $0.06 by $0.15. The firm had revenue of $269.84 million for the quarter, compared to analysts' expectations of $270.36 million. QuinStreet had a negative return on equity of 4.13% and a negative net margin of 1.31%. QuinStreet's revenue was up 60.1% on a year-over-year basis. During the same quarter last year, the business posted $0.06 EPS. On average, research analysts expect that QuinStreet, Inc. will post 0.12 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. StockNews.com raised QuinStreet from a "sell" rating to a "hold" rating in a research note on Monday, February 10th. Stephens reaffirmed an "overweight" rating and set a $31.00 price target on shares of QuinStreet in a research note on Thursday, May 8th. B. Riley reissued a "buy" rating and issued a $34.00 price objective (up previously from $32.00) on shares of QuinStreet in a research note on Friday, February 7th. Lake Street Capital decreased their target price on QuinStreet from $27.00 to $19.00 and set a "hold" rating for the company in a research note on Thursday, May 8th. Finally, Barrington Research reiterated an "outperform" rating and issued a $29.00 price target on shares of QuinStreet in a research report on Wednesday, April 23rd. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat.com, QuinStreet currently has an average rating of "Moderate Buy" and a consensus price target of $29.00.

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.