Portolan Capital Management LLC reduced its stake in shares of QuinStreet, Inc. (NASDAQ:QNST – Get Rating) by 44.6% during the 1st quarter, HoldingsChannel reports. The fund owned 861,538 shares of the technology company's stock after selling 693,076 shares during the period. Portolan Capital Management LLC's holdings in QuinStreet were worth $9,994,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of QNST. Covestor Ltd purchased a new position in shares of QuinStreet during the 4th quarter valued at $40,000. Lazard Asset Management LLC grew its holdings in shares of QuinStreet by 97.2% during the 4th quarter. Lazard Asset Management LLC now owns 4,014 shares of the technology company's stock valued at $73,000 after acquiring an additional 1,978 shares in the last quarter. Hsbc Holdings PLC purchased a new position in shares of QuinStreet during the 1st quarter valued at $173,000. Teacher Retirement System of Texas purchased a new position in shares of QuinStreet during the 4th quarter valued at $183,000. Finally, Dynamic Technology Lab Private Ltd purchased a new position in shares of QuinStreet during the 1st quarter valued at $196,000. 90.62% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on QNST shares. StockNews.com upgraded shares of QuinStreet from a "sell" rating to a "hold" rating in a report on Wednesday, August 31st. TheStreet raised shares of QuinStreet from a "d+" rating to a "c-" rating in a research report on Friday. Two equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $13.50.

QuinStreet Trading Down 2.7 %

QuinStreet Profile

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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.

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Want to see what other hedge funds are holding QNST? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for QuinStreet, Inc. (NASDAQ:QNST – Get Rating).

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