Municipal Employees Retirement System of Michigan lowered its position in shares of QuinStreet Inc (NASDAQ:QNST) by 28.1% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,360 shares of the technology company’s stock after selling 4,040 shares during the period. Municipal Employees Retirement System of Michigan’s holdings in QuinStreet were worth $132,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. MetLife Investment Advisors LLC purchased a new stake in shares of QuinStreet during the fourth quarter valued at approximately $152,000. Two Sigma Advisers LP purchased a new stake in shares of QuinStreet during the fourth quarter valued at approximately $168,000. Barclays PLC raised its stake in shares of QuinStreet by 145.9% during the first quarter. Barclays PLC now owns 14,314 shares of the technology company’s stock valued at $182,000 after purchasing an additional 8,493 shares during the period. Matarin Capital Management LLC purchased a new stake in shares of QuinStreet during the first quarter valued at approximately $187,000. Finally, Bayesian Capital Management LP purchased a new stake in shares of QuinStreet during the first quarter valued at approximately $188,000. Institutional investors own 75.26% of the company’s stock.

QNST opened at $13.56 on Friday. The company has a market cap of $641.02 million, a PE ratio of 42.38, a PEG ratio of 1.60 and a beta of 0.98. QuinStreet Inc has a 52-week low of $4.18 and a 52-week high of $15.05.

QuinStreet (NASDAQ:QNST) last issued its quarterly earnings results on Tuesday, August 7th. The technology company reported $0.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.07 by $0.06. The business had revenue of $111.50 million during the quarter, compared to analyst estimates of $100.62 million. QuinStreet had a net margin of 3.94% and a return on equity of 12.72%. The business’s revenue was up 36.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.06 earnings per share. sell-side analysts forecast that QuinStreet Inc will post 0.34 EPS for the current fiscal year.

A number of research firms have recently issued reports on QNST. Singular Research began coverage on shares of QuinStreet in a research note on Friday, July 6th. They set a “long” rating and a $16.75 price objective on the stock. BidaskClub upgraded shares of QuinStreet from a “buy” rating to a “strong-buy” rating in a research note on Saturday, July 14th. TheStreet upgraded shares of QuinStreet from a “c+” rating to a “b-” rating in a research note on Monday, July 9th. Zacks Investment Research upgraded shares of QuinStreet from a “hold” rating to a “buy” rating and set a $16.00 price objective on the stock in a research note on Thursday. Finally, Northland Securities began coverage on shares of QuinStreet in a research note on Thursday, June 21st. They set an “outperform” rating and a $20.00 price objective on the stock. One research analyst has rated the stock with a hold rating and six have given a buy rating to the stock. QuinStreet currently has a consensus rating of “Buy” and an average price target of $17.29.

In related news, Director James R. Simons sold 288,104 shares of QuinStreet stock in a transaction on Tuesday, June 19th. The shares were sold at an average price of $13.24, for a total value of $3,814,496.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Andrew T. Sheehan sold 21,034 shares of QuinStreet stock in a transaction on Monday, June 11th. The stock was sold at an average price of $13.73, for a total transaction of $288,796.82. Following the completion of the sale, the director now owns 28,888 shares of the company’s stock, valued at approximately $396,632.24. The disclosure for this sale can be found here. In the last 90 days, insiders sold 971,277 shares of company stock valued at $13,257,692. Insiders own 24.10% of the company’s stock.

QuinStreet Profile

QuinStreet, Inc, an Internet performance marketing and media company, provides customer acquisition services for its clients in the United States and internationally. It offers online marketing services to its clients in the form of qualified leads, inquiries, clicks, calls, applications, customers, display advertisements, or impressions through its Websites or third-party publishers.

Further Reading: Price to Earnings Ratio (PE) Basics

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Institutional Ownership by Quarter for QuinStreet (NASDAQ:QNST)

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