UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 16,685 Shares of QuinStreet, Inc. (NASDAQ:QNST)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lowered its holdings in QuinStreet, Inc. (NASDAQ:QNST) by 15.2% in the 3rd quarter, HoldingsChannel reports. The firm owned 92,821 shares of the technology company’s stock after selling 16,685 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in QuinStreet were worth $1,776,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of QNST. Louisiana State Employees Retirement System raised its stake in QuinStreet by 2.3% in the second quarter. Louisiana State Employees Retirement System now owns 26,400 shares of the technology company’s stock worth $438,000 after buying an additional 600 shares in the last quarter. State of Alaska Department of Revenue raised its position in shares of QuinStreet by 2.3% in the 3rd quarter. State of Alaska Department of Revenue now owns 31,544 shares of the technology company’s stock worth $603,000 after acquiring an additional 712 shares in the last quarter. The Manufacturers Life Insurance Company lifted its stake in shares of QuinStreet by 3.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 20,539 shares of the technology company’s stock worth $341,000 after purchasing an additional 719 shares during the last quarter. US Bancorp DE lifted its stake in shares of QuinStreet by 880.3% during the 3rd quarter. US Bancorp DE now owns 1,392 shares of the technology company’s stock worth $27,000 after purchasing an additional 1,250 shares during the last quarter. Finally, Quantbot Technologies LP bought a new stake in QuinStreet during the third quarter valued at about $29,000. Hedge funds and other institutional investors own 97.83% of the company’s stock.

Insider Activity

In other QuinStreet news, Director Matthew Glickman sold 30,000 shares of the company’s stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $22.63, for a total value of $678,900.00. Following the sale, the director now directly owns 113,140 shares of the company’s stock, valued at approximately $2,560,358.20. This represents a 20.96 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Stuart Huizinga sold 7,020 shares of the stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $23.21, for a total value of $162,934.20. Following the sale, the director now directly owns 174,903 shares in the company, valued at $4,059,498.63. This represents a 3.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 40,000 shares of company stock valued at $910,374. Company insiders own 5.00% of the company’s stock.

QuinStreet Trading Up 1.0 %

NASDAQ:QNST opened at $22.33 on Tuesday. QuinStreet, Inc. has a twelve month low of $11.22 and a twelve month high of $26.27. The company has a market cap of $1.26 billion, a PE ratio of -55.83 and a beta of 1.07. The company’s 50 day moving average is $20.98 and its two-hundred day moving average is $18.94.

QuinStreet (NASDAQ:QNST) last announced its quarterly earnings data on Monday, November 4th. The technology company reported $0.22 earnings per share for the quarter, beating analysts’ consensus estimates of $0.15 by $0.07. The firm had revenue of $279.22 million for the quarter, compared to analyst estimates of $222.68 million. QuinStreet had a negative net margin of 2.88% and a negative return on equity of 8.79%. The business’s quarterly revenue was up 125.3% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.19) earnings per share. As a group, analysts expect that QuinStreet, Inc. will post 0.15 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. B. Riley boosted their target price on shares of QuinStreet from $24.00 to $32.00 and gave the stock a “buy” rating in a report on Tuesday, November 5th. Barrington Research reiterated an “outperform” rating and set a $29.00 price objective on shares of QuinStreet in a research note on Friday, December 6th. Craig Hallum raised their target price on shares of QuinStreet from $25.00 to $32.00 and gave the company a “buy” rating in a research note on Tuesday, November 5th. Lake Street Capital lifted their price target on shares of QuinStreet from $20.00 to $25.00 and gave the stock a “hold” rating in a report on Tuesday, November 5th. Finally, Stephens increased their price objective on QuinStreet from $23.00 to $27.00 and gave the company an “overweight” rating in a report on Tuesday, November 5th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company 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.