QuinStreet, Inc. (NASDAQ:QNST) Shares Sold by Jacobs Asset Management LLC

Jacobs Asset Management LLC lessened its holdings in QuinStreet, Inc. (NASDAQ:QNST - Free Report) by 16.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 400,000 shares of the technology company's stock after selling 77,910 shares during the quarter. QuinStreet accounts for approximately 5.6% of Jacobs Asset Management LLC's holdings, making the stock its 6th largest holding. Jacobs Asset Management LLC owned 0.71% of QuinStreet worth $9,228,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the business. Graham Capital Management L.P. purchased a new stake in shares of QuinStreet during the fourth quarter valued at $351,000. G2 Investment Partners Management LLC acquired a new stake in QuinStreet during the 4th quarter worth about $7,203,000. Deutsche Bank AG grew its stake in QuinStreet by 45.0% during the 4th quarter. Deutsche Bank AG now owns 48,957 shares of the technology company's stock valued at $1,129,000 after purchasing an additional 15,191 shares during the last quarter. Driehaus Capital Management LLC grew its stake in QuinStreet by 28.4% during the 4th quarter. Driehaus Capital Management LLC now owns 2,787,695 shares of the technology company's stock valued at $64,312,000 after purchasing an additional 617,216 shares during the last quarter. Finally, Divisadero Street Capital Management LP acquired a new position in shares of QuinStreet in the fourth quarter valued at about $2,768,000. Hedge funds and other institutional investors own 97.83% of the company's stock.

QuinStreet Price Performance

QNST stock traded down $0.36 during trading on Friday, hitting $15.35. 677,027 shares of the company traded hands, compared to its average volume of 503,366. QuinStreet, Inc. has a 1 year low of $14.39 and a 1 year high of $26.27. The company has a market cap of $866.80 million, a PE ratio of -69.77 and a beta of 0.79. The stock's 50-day simple moving average is $16.98 and its 200 day simple moving average is $20.28.

QuinStreet (NASDAQ:QNST - Get Free Report) last posted its earnings results on Wednesday, May 7th. The technology company reported $0.21 earnings per share 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 firm had revenue of $269.84 million during the quarter, compared to analyst estimates of $270.36 million. During the same period in the previous year, the firm earned $0.06 EPS. The business's quarterly revenue was up 60.1% on a year-over-year basis. Research analysts expect that QuinStreet, Inc. will post 0.12 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms recently commented on QNST. Barrington Research reaffirmed an "outperform" rating and set a $29.00 target price on shares of QuinStreet in a report on Wednesday, April 23rd. B. Riley restated a "buy" rating and set a $34.00 price objective (up from $32.00) on shares of QuinStreet in a research note on Friday, February 7th. Stephens reaffirmed an "overweight" rating and issued a $31.00 price objective on shares of QuinStreet in a report on Thursday, May 8th. Lake Street Capital cut their price objective on shares of QuinStreet from $27.00 to $19.00 and set a "hold" rating on the stock in a research note on Thursday, May 8th. Finally, StockNews.com raised shares of QuinStreet from a "sell" rating to a "hold" rating in a report on Monday, February 10th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $29.00.

Insiders Place Their Bets

In other news, CFO Gregory Wong sold 8,516 shares of the stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $22.88, for a total transaction of $194,846.08. Following the transaction, the chief financial officer now owns 337,031 shares in the company, valued at $7,711,269.28. This trade represents a 2.46% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 5.00% of the company's stock.

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.