Natixis Advisors LLC Sells 1,077 Shares of QuinStreet, Inc. (NASDAQ:QNST)

Natixis Advisors LLC trimmed its position in QuinStreet, Inc. (NASDAQ:QNST) by 7.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,082 shares of the technology company’s stock after selling 1,077 shares during the quarter. Natixis Advisors LLC’s holdings in QuinStreet were worth $250,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. US Bancorp DE increased its stake in shares of QuinStreet by 880.3% in the third quarter. US Bancorp DE now owns 1,392 shares of the technology company’s stock worth $27,000 after buying an additional 1,250 shares during the period. Quarry LP increased its stake in shares of QuinStreet by 11,330.0% in the second quarter. Quarry LP now owns 2,286 shares of the technology company’s stock worth $38,000 after buying an additional 2,266 shares during the period. Victory Capital Management Inc. purchased a new position in shares of QuinStreet in the second quarter worth $175,000. Kings Path Partners LLC purchased a new position in shares of QuinStreet in the third quarter worth $259,000. Finally, Hsbc Holdings PLC increased its stake in shares of QuinStreet by 26.1% in the second quarter. Hsbc Holdings PLC now owns 14,000 shares of the technology company’s stock worth $225,000 after buying an additional 2,895 shares during the period. 97.83% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on QNST shares. Craig Hallum upped their target price on shares of QuinStreet from $25.00 to $32.00 and gave the stock a “buy” rating in a research report on Tuesday, November 5th. Lake Street Capital lifted their price target on QuinStreet from $20.00 to $25.00 and gave the stock a “hold” rating in a research report on Tuesday, November 5th. Stephens raised their price objective on QuinStreet from $23.00 to $27.00 and gave the stock an “overweight” rating in a report on Tuesday, November 5th. B. Riley upped their price target on shares of QuinStreet from $24.00 to $32.00 and gave the company a “buy” rating in a research note on Tuesday, November 5th. Finally, Barrington Research increased their price target on QuinStreet from $22.00 to $29.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 5th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, QuinStreet has a consensus rating of “Moderate Buy” and an average price target of $29.00.

Insider Buying and Selling at QuinStreet

In other QuinStreet news, Director Matthew Glickman sold 30,000 shares of QuinStreet stock in a transaction that occurred 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 completion of the sale, the director now directly owns 113,140 shares of the company’s stock, valued at approximately $2,560,358.20. The trade was a 20.96 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Stuart Huizinga sold 7,020 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $23.21, for a total transaction of $162,934.20. Following the transaction, the director now directly owns 174,903 shares of the company’s stock, valued at $4,059,498.63. This trade represents a 3.86 % decrease in their position. The disclosure for this sale can be found here. 5.00% of the stock is owned by insiders.

QuinStreet Price Performance

NASDAQ QNST opened at $22.78 on Friday. The company has a market cap of $1.28 billion, a P/E ratio of -56.95 and a beta of 1.09. The stock has a 50-day moving average of $20.25 and a two-hundred day moving average of $18.59. QuinStreet, Inc. has a 1-year low of $11.02 and a 1-year high of $26.27.

QuinStreet (NASDAQ:QNST) last announced its quarterly earnings data 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 analysts’ expectations of $222.68 million. During the same quarter last year, the business posted ($0.19) EPS. The business’s quarterly revenue was up 125.3% compared to the same quarter last year. On average, analysts anticipate 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.