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 decreased its stake in shares of QuinStreet, Inc. (NASDAQ:QNST) by 15.2% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund 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 owned about 0.16% of QuinStreet worth $1,776,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of QNST. Assenagon Asset Management S.A. boosted its holdings in shares of QuinStreet by 3.9% during the 2nd quarter. Assenagon Asset Management S.A. now owns 183,250 shares of the technology company’s stock valued at $3,040,000 after purchasing an additional 6,853 shares during the last quarter. Louisiana State Employees Retirement System boosted its stake in QuinStreet by 2.3% during the second quarter. Louisiana State Employees Retirement System now owns 26,400 shares of the technology company’s stock valued at $438,000 after buying an additional 600 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in QuinStreet by 2.5% during the second quarter. Bank of New York Mellon Corp now owns 394,775 shares of the technology company’s stock valued at $6,549,000 after buying an additional 9,537 shares during the last quarter. Rhumbline Advisers grew its holdings in QuinStreet by 1.1% during the 2nd quarter. Rhumbline Advisers now owns 156,530 shares of the technology company’s stock valued at $2,597,000 after buying an additional 1,652 shares in the last quarter. Finally, Roubaix Capital LLC increased its stake in QuinStreet by 28.3% in the 2nd quarter. Roubaix Capital LLC now owns 129,315 shares of the technology company’s stock worth $2,145,000 after acquiring an additional 28,547 shares during the last quarter. Institutional investors own 97.83% of the company’s stock.

Wall Street Analyst Weigh In

QNST has been the subject of a number of research reports. Stephens increased their target price on QuinStreet from $23.00 to $27.00 and gave the company an “overweight” rating in a research report on Tuesday, November 5th. Craig Hallum increased their price objective on shares of QuinStreet from $25.00 to $32.00 and gave the company a “buy” rating in a research report on Tuesday, November 5th. B. Riley lifted their price objective 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. Barrington Research restated an “outperform” rating and set a $29.00 target price on shares of QuinStreet in a research report on Friday, December 6th. Finally, StockNews.com lowered QuinStreet from a “hold” rating to a “sell” rating in a research report on Tuesday, December 10th. One analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $29.00.

Insiders Place Their Bets

In related news, Director Stuart Huizinga sold 2,980 shares of the firm’s stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $23.00, for a total value of $68,540.00. Following the transaction, the director now owns 171,923 shares of the company’s stock, valued at $3,954,229. This trade represents a 1.70 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Matthew Glickman sold 30,000 shares of QuinStreet stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $22.63, for a total transaction of $678,900.00. Following the sale, the director now owns 113,140 shares of the company’s stock, valued at $2,560,358.20. The trade was a 20.96 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 40,000 shares of company stock worth $910,374 over the last quarter. Company insiders own 5.00% of the company’s stock.

QuinStreet Trading Up 1.0 %

Shares of NASDAQ:QNST opened at $22.33 on Tuesday. QuinStreet, Inc. has a 12 month low of $11.22 and a 12 month high of $26.27. The company has a market capitalization of $1.26 billion, a price-to-earnings ratio of -55.83 and a beta of 1.07. The firm’s 50-day moving average is $20.98 and its 200 day moving average is $18.94.

QuinStreet (NASDAQ:QNST) last announced its earnings results on Monday, November 4th. The technology company reported $0.22 earnings per share (EPS) for the quarter, beating the consensus estimate 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 business had revenue of $279.22 million during the quarter, compared to analyst estimates of $222.68 million. During the same quarter in the previous year, the business earned ($0.19) earnings per share. The company’s revenue for the quarter was up 125.3% compared to the same quarter last year. As a group, equities analysts forecast that QuinStreet, Inc. will post 0.15 EPS for the current fiscal 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.