William Blair Investment Management LLC Has $7.63 Million Position in QuinStreet, Inc. (NASDAQ:QNST)

William Blair Investment Management LLC lessened its holdings in shares of QuinStreet, Inc. (NASDAQ:QNST) by 69.9% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 460,164 shares of the technology company’s stock after selling 1,070,597 shares during the period. William Blair Investment Management LLC owned 0.83% of QuinStreet worth $7,634,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the business. Private Capital Management LLC grew its holdings in shares of QuinStreet by 1.4% during the fourth quarter. Private Capital Management LLC now owns 4,503,159 shares of the technology company’s stock worth $57,730,000 after purchasing an additional 62,095 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of QuinStreet by 1.3% during the first quarter. Vanguard Group Inc. now owns 3,712,518 shares of the technology company’s stock worth $65,563,000 after purchasing an additional 48,705 shares during the last quarter. American Century Companies Inc. grew its holdings in shares of QuinStreet by 27.5% during the second quarter. American Century Companies Inc. now owns 2,035,127 shares of the technology company’s stock worth $33,763,000 after purchasing an additional 438,947 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of QuinStreet by 6.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,866,930 shares of the technology company’s stock worth $23,934,000 after purchasing an additional 114,980 shares during the last quarter. Finally, Basswood Capital Management L.L.C. grew its holdings in shares of QuinStreet by 20.6% during the fourth quarter. Basswood Capital Management L.L.C. now owns 1,007,188 shares of the technology company’s stock worth $12,912,000 after purchasing an additional 171,838 shares during the last quarter. Institutional investors own 97.83% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on QNST. Barrington Research restated an “outperform” rating and set a $22.00 target price on shares of QuinStreet in a report on Friday, August 9th. B. Riley raised their price target on QuinStreet from $21.50 to $24.00 and gave the company a “buy” rating in a report on Friday, August 9th. StockNews.com upgraded QuinStreet from a “sell” rating to a “hold” rating in a report on Monday, August 12th. Finally, Craig Hallum raised their price target on QuinStreet from $22.00 to $25.00 and gave the company a “buy” rating in a report on Friday, August 9th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $22.25.

QuinStreet Trading Up 1.1 %

NASDAQ:QNST opened at $19.39 on Tuesday. QuinStreet, Inc. has a 1-year low of $8.44 and a 1-year high of $20.50. The business’s 50-day moving average price is $18.17 and its two-hundred day moving average price is $17.40. The firm has a market capitalization of $1.09 billion, a price-to-earnings ratio of -12.43 and a beta of 1.11.

QuinStreet (NASDAQ:QNST) last released its earnings results on Thursday, August 8th. The technology company reported $0.11 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.01. The firm had revenue of $198.32 million for the quarter, compared to analyst estimates of $186.39 million. QuinStreet had a negative return on equity of 13.00% and a negative net margin of 5.11%. The company’s quarterly revenue was up 52.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($1.03) earnings per share. Sell-side analysts predict that QuinStreet, Inc. will post 0.08 earnings per share for the current year.

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.