GSA Capital Partners LLP Sells 102,606 Shares of QuinStreet, Inc. (NASDAQ:QNST)

GSA Capital Partners LLP decreased its holdings in QuinStreet, Inc. (NASDAQ:QNST) by 62.8% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 60,872 shares of the technology company’s stock after selling 102,606 shares during the period. GSA Capital Partners LLP’s holdings in QuinStreet were worth $1,164,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. US Bancorp DE grew its position in QuinStreet by 880.3% in the third quarter. US Bancorp DE now owns 1,392 shares of the technology company’s stock valued at $27,000 after acquiring an additional 1,250 shares during the last quarter. Quarry LP boosted its stake in shares of QuinStreet by 11,330.0% in the 2nd quarter. Quarry LP now owns 2,286 shares of the technology company’s stock valued at $38,000 after purchasing an additional 2,266 shares in the last quarter. SageView Advisory Group LLC bought a new stake in shares of QuinStreet during the 1st quarter valued at approximately $60,000. Victory Capital Management Inc. acquired a new position in QuinStreet during the 2nd quarter worth approximately $175,000. Finally, ProShare Advisors LLC acquired a new position in QuinStreet during the 1st quarter worth approximately $188,000. Institutional investors and hedge funds own 97.83% of the company’s stock.

QuinStreet Trading Down 3.3 %

Shares of QNST opened at $20.82 on Friday. The stock’s 50-day moving average price is $19.68 and its two-hundred day moving average price is $18.33. QuinStreet, Inc. has a 12 month low of $10.88 and a 12 month high of $26.27. The company has a market capitalization of $1.17 billion, a PE ratio of -52.05 and a beta of 1.09.

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

Analyst Ratings Changes

A number of analysts have weighed in on QNST shares. 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 research note on Tuesday, November 5th. Lake Street Capital upped their target price on QuinStreet from $20.00 to $25.00 and gave the stock a “hold” rating in a report on Tuesday, November 5th. Barrington Research increased their target price on QuinStreet from $22.00 to $29.00 and gave the company an “outperform” rating in a research report on Tuesday, November 5th. Craig Hallum boosted their price target on QuinStreet from $25.00 to $32.00 and gave the stock a “buy” rating in a report on Tuesday, November 5th. Finally, StockNews.com lowered shares of QuinStreet from a “hold” rating to a “sell” rating in a report on Tuesday. One 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. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $29.00.

Insider Transactions at QuinStreet

In related news, Director Matthew Glickman sold 30,000 shares of QuinStreet stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $22.63, for a total transaction of $678,900.00. Following the completion of the transaction, the director now owns 113,140 shares of the company’s stock, valued at $2,560,358.20. This trade represents a 20.96 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 5.00% of the company’s stock.

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.