Jacobs Asset Management LLC Has $9.23 Million Stock Position in QuinStreet, Inc. (NASDAQ:QNST)

Jacobs Asset Management LLC reduced its stake in QuinStreet, Inc. (NASDAQ:QNST - Free Report) by 16.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 400,000 shares of the technology company's stock after selling 77,910 shares during the period. QuinStreet accounts for approximately 5.6% of Jacobs Asset Management LLC's holdings, making the stock its 6th biggest position. Jacobs Asset Management LLC owned approximately 0.71% of QuinStreet worth $9,228,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the stock. State of Alaska Department of Revenue lifted its stake in shares of QuinStreet by 1.4% in the 4th quarter. State of Alaska Department of Revenue now owns 31,976 shares of the technology company's stock worth $737,000 after acquiring an additional 432 shares during the period. SG Americas Securities LLC raised its holdings in shares of QuinStreet by 1.8% in the 4th quarter. SG Americas Securities LLC now owns 26,060 shares of the technology company's stock worth $601,000 after purchasing an additional 459 shares in the last quarter. Louisiana State Employees Retirement System raised its holdings in shares of QuinStreet by 1.9% in the 4th quarter. Louisiana State Employees Retirement System now owns 27,200 shares of the technology company's stock worth $628,000 after purchasing an additional 500 shares in the last quarter. PNC Financial Services Group Inc. raised its holdings in shares of QuinStreet by 43.9% in the 4th 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 in the last quarter. Finally, KBC Group NV raised its holdings in shares of QuinStreet by 64.5% in the 4th 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 in the last quarter. 97.83% of the stock is owned by institutional investors and hedge funds.

QuinStreet Stock Down 1.5%

QNST stock traded down $0.24 during trading hours on Wednesday, hitting $16.14. The company's stock had a trading volume of 59,662 shares, compared to its average volume of 499,904. The company has a market capitalization of $911.41 million, a PE ratio of -73.36 and a beta of 0.79. QuinStreet, Inc. has a 12 month low of $14.39 and a 12 month high of $26.27. The stock has a 50 day moving average price of $17.06 and a two-hundred day moving average price of $20.33.

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

Insider Buying and Selling

In related news, CFO Gregory Wong sold 8,516 shares of the company's stock in a transaction on 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 directly owns 337,031 shares of the company's stock, valued at approximately $7,711,269.28. This represents a 2.46% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 5.00% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the stock. Barrington Research reiterated an "outperform" rating and issued a $29.00 target price on shares of QuinStreet in a report on Wednesday, April 23rd. StockNews.com upgraded shares of QuinStreet from a "sell" rating to a "hold" rating in a research report on Monday, February 10th. B. Riley restated a "buy" rating and issued a $34.00 price target (up previously from $32.00) on shares of QuinStreet in a research report on Friday, February 7th. Lake Street Capital dropped 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, Stephens reiterated an "overweight" rating and issued a $31.00 price objective on shares of QuinStreet in a research note on Thursday, May 8th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat.com, QuinStreet currently has a consensus 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.