Russell Investments Group Ltd. lowered its holdings in QuinStreet Inc (NASDAQ:QNST) by 28.3% during the second quarter, HoldingsChannel.com reports. The fund owned 163,771 shares of the technology company’s stock after selling 64,696 shares during the quarter. Russell Investments Group Ltd.’s holdings in QuinStreet were worth $2,134,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. Prudential Financial Inc. lifted its stake in QuinStreet by 192.6% in the first quarter. Prudential Financial Inc. now owns 171,714 shares of the technology company’s stock valued at $2,193,000 after buying an additional 113,030 shares during the last quarter. State Board of Administration of Florida Retirement System grew its holdings in shares of QuinStreet by 23.6% during the first quarter. State Board of Administration of Florida Retirement System now owns 22,287 shares of the technology company’s stock worth $285,000 after buying an additional 4,262 shares in the last quarter. Schwab Charles Investment Management Inc. grew its holdings in shares of QuinStreet by 41.6% during the first quarter. Schwab Charles Investment Management Inc. now owns 99,823 shares of the technology company’s stock worth $1,275,000 after buying an additional 29,306 shares in the last quarter. KBC Group NV bought a new position in shares of QuinStreet during the first quarter worth about $648,000. Finally, Northern Trust Corp grew its holdings in shares of QuinStreet by 6.0% during the first quarter. Northern Trust Corp now owns 432,894 shares of the technology company’s stock worth $5,529,000 after buying an additional 24,322 shares in the last quarter. Hedge funds and other institutional investors own 77.64% of the company’s stock.

In other news, Director James R. Simons sold 605,267 shares of the firm’s stock in a transaction that occurred on Monday, August 27th. The stock was sold at an average price of $15.84, for a total value of $9,587,429.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Gregory Wong sold 9,091 shares of the firm’s stock in a transaction that occurred on Friday, August 17th. The shares were sold at an average price of $13.44, for a total value of $122,183.04. Following the completion of the sale, the chief financial officer now directly owns 237,501 shares of the company’s stock, valued at $3,192,013.44. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,583,721 shares of company stock valued at $23,589,489. Insiders own 12.50% of the company’s stock.

A number of research analysts have weighed in on the company. BidaskClub downgraded QuinStreet from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 24th. Zacks Investment Research downgraded QuinStreet from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 3rd. Singular Research assumed coverage on QuinStreet in a research note on Friday, July 6th. They issued a “long” rating and a $16.75 price target for the company. Craig Hallum assumed coverage on QuinStreet in a research note on Wednesday, June 27th. They issued a “buy” rating and a $20.00 price target for the company. Finally, Northland Securities assumed coverage on QuinStreet in a research note on Thursday, June 21st. They issued an “outperform” rating and a $20.00 price target for the company. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. QuinStreet has an average rating of “Buy” and a consensus price target of $17.29.

QNST stock opened at $13.43 on Tuesday. The company has a market capitalization of $649.79 million, a price-to-earnings ratio of 41.97, a P/E/G ratio of 0.98 and a beta of 0.98. QuinStreet Inc has a twelve month low of $6.86 and a twelve month high of $16.42.

QuinStreet (NASDAQ:QNST) last posted its quarterly earnings results on Tuesday, August 7th. The technology company reported $0.13 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.07 by $0.06. QuinStreet had a return on equity of 12.72% and a net margin of 3.94%. The firm had revenue of $111.50 million during the quarter, compared to the consensus estimate of $100.62 million. During the same period last year, the company earned $0.06 earnings per share. The business’s revenue was up 36.8% compared to the same quarter last year. equities research analysts predict that QuinStreet Inc will post 0.54 EPS for the current year.

About QuinStreet

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.

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Institutional Ownership by Quarter for QuinStreet (NASDAQ:QNST)

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