American Century Companies Inc. reduced its holdings in shares of QuinStreet, Inc. (NASDAQ:QNST – Get Rating) by 24.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 930,113 shares of the technology company's stock after selling 293,201 shares during the period. American Century Companies Inc. owned 1.70% of QuinStreet worth $10,790,000 at the end of the most recent reporting period.
A number of other large investors also recently bought and sold shares of QNST. Advisor Group Holdings Inc. lifted its position in QuinStreet by 17.3% during the 4th quarter. Advisor Group Holdings Inc. now owns 52,280 shares of the technology company's stock valued at $951,000 after acquiring an additional 7,710 shares during the period. Victory Capital Management Inc. lifted its position in QuinStreet by 4.6% during the 4th quarter. Victory Capital Management Inc. now owns 24,054 shares of the technology company's stock valued at $438,000 after acquiring an additional 1,053 shares during the period. Northern Trust Corp lifted its position in QuinStreet by 4.1% during the 4th quarter. Northern Trust Corp now owns 625,239 shares of the technology company's stock valued at $11,374,000 after acquiring an additional 24,704 shares during the period. ProShare Advisors LLC purchased a new position in QuinStreet during the 4th quarter valued at about $227,000. Finally, State Board of Administration of Florida Retirement System lifted its position in QuinStreet by 8.5% during the 4th quarter. State Board of Administration of Florida Retirement System now owns 52,374 shares of the technology company's stock valued at $953,000 after acquiring an additional 4,100 shares during the period. 90.62% of the stock is owned by hedge funds and other institutional investors.
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QNST has been the subject of several recent analyst reports. StockNews.com raised shares of QuinStreet from a "sell" rating to a "hold" rating in a report on Wednesday. TheStreet cut shares of QuinStreet from a "c" rating to a "d+" rating in a report on Thursday, August 4th. Two equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $13.50.
QuinStreet Stock Down 2.0 %
Shares of QNST stock opened at $11.77 on Friday. The company has a 50 day moving average price of $11.32 and a 200-day moving average price of $11.03. QuinStreet, Inc. has a 52 week low of $8.28 and a 52 week high of $19.02. The firm has a market capitalization of $628.32 million, a PE ratio of -130.76 and a beta of 1.02.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 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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