American Century Companies Inc. lowered its position in shares of QuinStreet, Inc. (NASDAQ:QNST – Get Rating) by 24.0% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 930,113 shares of the technology company's stock after selling 293,201 shares during the quarter. American Century Companies Inc. owned approximately 1.70% of QuinStreet worth $10,790,000 as of its most recent filing with the SEC.
Other hedge funds also recently made changes to their positions in the company. Covestor Ltd acquired a new position in shares of QuinStreet in the 4th quarter valued at $40,000. Lazard Asset Management LLC boosted its holdings in shares of QuinStreet by 97.2% in the 4th quarter. Lazard Asset Management LLC now owns 4,014 shares of the technology company's stock valued at $73,000 after purchasing an additional 1,978 shares during the last quarter. Teacher Retirement System of Texas acquired a new position in shares of QuinStreet in the 4th quarter valued at $183,000. ProShare Advisors LLC acquired a new position in shares of QuinStreet in the 4th quarter valued at $227,000. Finally, MBM Wealth Consultants LLC boosted its holdings in shares of QuinStreet by 14.4% in the 4th quarter. MBM Wealth Consultants LLC now owns 16,059 shares of the technology company's stock valued at $292,000 after purchasing an additional 2,018 shares during the last quarter. Institutional investors and hedge funds own 90.62% of the company's stock.
Get QuinStreet alerts:Wall Street Analysts Forecast Growth
A number of equities analysts have weighed in on the stock. TheStreet lowered shares of QuinStreet from a "c" rating to a "d+" rating in a report on Thursday, August 4th. StockNews.com raised shares of QuinStreet from a "sell" rating to a "hold" rating in a research note on Wednesday. Two investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $13.50.
QuinStreet Trading Down 2.0 %
Shares of QNST stock opened at $11.77 on Friday. QuinStreet, Inc. has a 52 week low of $8.28 and a 52 week high of $19.02. The company has a market cap of $628.32 million, a PE ratio of -130.76 and a beta of 1.02. The company's fifty day simple moving average is $11.32 and its 200-day simple moving average is $11.03.QuinStreet Company Profile
(Get Rating)
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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