Principal Financial Group Inc. cut its stake in QuinStreet, Inc. (NASDAQ:QNST – Get Rating) by 0.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 331,061 shares of the technology company's stock after selling 1,357 shares during the quarter. Principal Financial Group Inc. owned about 0.61% of QuinStreet worth $3,840,000 at the end of the most recent quarter.
Several other hedge funds also recently added to or reduced their stakes in the stock. Advisor Group Holdings Inc. increased its position in shares of QuinStreet by 17.3% during the fourth quarter. Advisor Group Holdings Inc. now owns 52,280 shares of the technology company's stock worth $951,000 after acquiring an additional 7,710 shares during the last quarter. Victory Capital Management Inc. increased its position in shares of QuinStreet by 4.6% during the fourth quarter. Victory Capital Management Inc. now owns 24,054 shares of the technology company's stock worth $438,000 after acquiring an additional 1,053 shares during the last quarter. Northern Trust Corp increased its position in shares of QuinStreet by 4.1% during the fourth quarter. Northern Trust Corp now owns 625,239 shares of the technology company's stock worth $11,374,000 after acquiring an additional 24,704 shares during the last quarter. ProShare Advisors LLC purchased a new stake in shares of QuinStreet during the fourth quarter worth about $227,000. Finally, State Board of Administration of Florida Retirement System increased its position in shares of QuinStreet by 8.5% during the fourth quarter. State Board of Administration of Florida Retirement System now owns 52,374 shares of the technology company's stock worth $953,000 after acquiring an additional 4,100 shares during the last quarter. 91.02% of the stock is owned by hedge funds and other institutional investors.
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QuinStreet Stock Performance
NASDAQ:QNST opened at $12.08 on Tuesday. The company has a market capitalization of $644.87 million, a price-to-earnings ratio of -134.21 and a beta of 1.02. QuinStreet, Inc. has a one year low of $8.28 and a one year high of $19.02. The stock has a 50-day simple moving average of $11.26 and a 200 day simple moving average of $11.02.
Analyst Upgrades and Downgrades
A number of analysts have recently issued reports on QNST shares. TheStreet lowered QuinStreet from a "c" rating to a "d+" rating in a research report on Thursday, August 4th. StockNews.com downgraded QuinStreet from a "hold" rating to a "sell" rating in a research note on Tuesday, August 23rd. One research analyst has rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $13.50.
QuinStreet Company 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 to its clients in the form of qualified clicks, leads, calls, applications, or customers through its websites or third-party publishers.
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