Morgan Stanley lowered its position in shares of QuinStreet, Inc. (NASDAQ:QNST) by 6.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 434,766 shares of the technology company’s stock after selling 30,623 shares during the period. Morgan Stanley owned about 0.96% of QuinStreet worth $1,696,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in QNST. Legal & General Group Plc raised its stake in shares of QuinStreet by 0.7% in the first quarter. Legal & General Group Plc now owns 59,868 shares of the technology company’s stock worth $233,000 after buying an additional 431 shares during the period. Comerica Bank raised its stake in shares of QuinStreet by 3.2% in the first quarter. Comerica Bank now owns 39,257 shares of the technology company’s stock worth $174,000 after buying an additional 1,205 shares during the period. Bank of New York Mellon Corp raised its stake in shares of QuinStreet by 0.7% in the first quarter. Bank of New York Mellon Corp now owns 407,747 shares of the technology company’s stock worth $1,591,000 after buying an additional 2,696 shares during the period. State of Tennessee Treasury Department raised its stake in shares of QuinStreet by 17.8% in the first quarter. State of Tennessee Treasury Department now owns 31,119 shares of the technology company’s stock worth $121,000 after buying an additional 4,696 shares during the period. Finally, Ameriprise Financial Inc. raised its stake in shares of QuinStreet by 3.5% in the first quarter. Ameriprise Financial Inc. now owns 186,649 shares of the technology company’s stock worth $728,000 after buying an additional 6,355 shares during the period. 62.87% of the stock is currently owned by hedge funds and other institutional investors.

Shares of QuinStreet, Inc. (NASDAQ:QNST) traded up 0.93% during midday trading on Friday, hitting $5.40. 21,122 shares of the stock were exchanged. The stock has a 50 day moving average price of $4.18 and a 200-day moving average price of $3.91. QuinStreet, Inc. has a 12 month low of $2.61 and a 12 month high of $5.67. The company’s market cap is $245.52 million.

QuinStreet (NASDAQ:QNST) last posted its earnings results on Tuesday, August 8th. The technology company reported $0.06 EPS for the quarter, missing the Zacks’ consensus estimate of $0.07 by $0.01. The company had revenue of $81.50 million during the quarter, compared to analysts’ expectations of $80.91 million. QuinStreet had a negative net margin of 4.07% and a negative return on equity of 2.36%. The company’s quarterly revenue was up 3.0% on a year-over-year basis. During the same period last year, the business earned $0.02 earnings per share. On average, analysts predict that QuinStreet, Inc. will post $0.21 EPS for the current year.

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Separately, TheStreet raised shares of QuinStreet from a “d+” rating to a “c” rating in a report on Wednesday, June 28th.

About QuinStreet

QuinStreet, Inc is an online performance marketing company. The Company provides vertically oriented customer acquisition programs for its clients. The Company operating segments include Direct Marketing Services (DMS) business. Its DMS business derives its net revenue from fees earned through the delivery of qualified leads, clicks, calls or customers, and display advertisements, or impressions.

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Institutional Ownership by Quarter for QuinStreet (NASDAQ:QNST)

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