StockNews.com Upgrades QuinStreet (NASDAQ:QNST) to Hold

QuinStreet (NASDAQ:QNST) was upgraded by equities research analysts at StockNews.com from a “sell” rating to a “hold” rating in a report issued on Monday.

Other equities research analysts also recently issued reports about the company. Stephens increased their price target on QuinStreet from $23.00 to $27.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 5th. Craig Hallum raised their target price on QuinStreet from $25.00 to $32.00 and gave the stock a “buy” rating in a report on Tuesday, November 5th. B. Riley boosted their price target on QuinStreet from $24.00 to $32.00 and gave the company a “buy” rating in a report on Tuesday, November 5th. Lake Street Capital raised their price objective on shares of QuinStreet from $20.00 to $25.00 and gave the stock a “hold” rating in a research note on Tuesday, November 5th. Finally, Barrington Research reiterated an “outperform” rating and issued a $29.00 target price on shares of QuinStreet in a research note on Friday, December 6th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, QuinStreet has an average rating of “Moderate Buy” and a consensus target price of $29.00.

QuinStreet Price Performance

QNST traded down $0.66 on Monday, reaching $22.89. 336,401 shares of the stock were exchanged, compared to its average volume of 338,934. The company’s 50-day moving average price is $22.08 and its 200 day moving average price is $19.54. The firm has a market capitalization of $1.29 billion, a PE ratio of -57.23 and a beta of 1.07. QuinStreet has a fifty-two week low of $11.22 and a fifty-two week high of $26.27.

QuinStreet (NASDAQ:QNST) last released its earnings results on Monday, November 4th. The technology company reported $0.22 EPS for the quarter, topping analysts’ consensus estimates of $0.15 by $0.07. QuinStreet had a negative return on equity of 8.79% and a negative net margin of 2.88%. The firm had revenue of $279.22 million during the quarter, compared to the consensus estimate of $222.68 million. During the same quarter in the previous year, the company posted ($0.19) earnings per share. The company’s revenue was up 125.3% compared to the same quarter last year. As a group, equities analysts forecast that QuinStreet will post 0.15 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Stuart Huizinga sold 2,980 shares of the company’s stock in a transaction on Friday, November 29th. The shares were sold at an average price of $23.00, for a total transaction of $68,540.00. Following the completion of the sale, the director now owns 171,923 shares of the company’s stock, valued at $3,954,229. This represents a 1.70 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Matthew Glickman sold 30,000 shares of the firm’s stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $22.63, for a total transaction of $678,900.00. Following the completion of the transaction, the director now directly owns 113,140 shares in the company, valued at approximately $2,560,358.20. This represents a 20.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 40,000 shares of company stock worth $910,374 in the last quarter. Corporate insiders own 5.00% of the company’s stock.

Institutional Trading of QuinStreet

Hedge funds have recently bought and sold shares of the business. US Bancorp DE increased its holdings in shares of QuinStreet by 880.3% in the third quarter. US Bancorp DE now owns 1,392 shares of the technology company’s stock valued at $27,000 after purchasing an additional 1,250 shares during the last quarter. Quantbot Technologies LP purchased a new stake in QuinStreet in the 3rd quarter valued at $29,000. Quarry LP increased its stake in shares of QuinStreet by 11,330.0% in the 2nd quarter. Quarry LP now owns 2,286 shares of the technology company’s stock worth $38,000 after acquiring an additional 2,266 shares during the last quarter. Victory Capital Management Inc. acquired a new position in shares of QuinStreet during the 2nd quarter valued at about $175,000. Finally, Centiva Capital LP acquired a new position in shares of QuinStreet during the 3rd quarter valued at about $244,000. Institutional investors and hedge funds own 97.83% of the company’s stock.

QuinStreet Company Profile

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, such as qualified clicks, leads, calls, applications, and customers through its websites or third-party publishers.