QuinStreet (NASDAQ:QNST) Raised to “Hold” at StockNews.com

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

Several other equities research analysts have also recently weighed in on the stock. Stephens increased their price objective on shares of QuinStreet from $23.00 to $27.00 and gave the company an “overweight” rating in a research note on Tuesday, November 5th. Craig Hallum increased their target price on QuinStreet from $25.00 to $32.00 and gave the company a “buy” rating in a research report on Tuesday, November 5th. B. Riley boosted their price target on QuinStreet from $24.00 to $32.00 and gave the stock a “buy” rating in a research report on Tuesday, November 5th. Lake Street Capital raised their price objective on QuinStreet from $20.00 to $25.00 and gave the company a “hold” rating in a research report on Tuesday, November 5th. Finally, Barrington Research lifted their target price on QuinStreet from $22.00 to $29.00 and gave the company an “outperform” rating in a research note on Tuesday, November 5th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $29.00.

QuinStreet Stock Up 1.6 %

NASDAQ:QNST traded up $0.36 during midday trading on Monday, hitting $23.14. The stock had a trading volume of 599,724 shares, compared to its average volume of 414,600. The stock has a 50-day moving average of $20.38 and a 200 day moving average of $18.67. The company has a market capitalization of $1.30 billion, a price-to-earnings ratio of -57.85 and a beta of 1.09. QuinStreet has a one year low of $11.22 and a one year high of $26.27.

QuinStreet (NASDAQ:QNST) last posted its quarterly earnings results on Monday, November 4th. The technology company reported $0.22 earnings per share (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 business had revenue of $279.22 million for the quarter, compared to the consensus estimate of $222.68 million. During the same quarter in the prior year, the company earned ($0.19) EPS. The business’s revenue was up 125.3% compared to the same quarter last year. On average, sell-side analysts anticipate that QuinStreet will post 0.15 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Matthew Glickman sold 30,000 shares of the firm’s stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $22.63, for a total value of $678,900.00. Following the completion of the transaction, the director now owns 113,140 shares in the company, valued at $2,560,358.20. This trade represents a 20.96 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Stuart Huizinga sold 2,980 shares of the company’s stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $23.00, for a total value of $68,540.00. Following the completion of the sale, the director now owns 171,923 shares in the company, valued at approximately $3,954,229. This represents a 1.70 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 40,000 shares of company stock valued at $910,374. 5.00% of the stock is currently owned by corporate insiders.

Institutional Trading of QuinStreet

A number of hedge funds have recently modified their holdings of QNST. US Bancorp DE grew its stake in shares of QuinStreet by 880.3% during the 3rd quarter. US Bancorp DE now owns 1,392 shares of the technology company’s stock worth $27,000 after purchasing an additional 1,250 shares during the period. Quantbot Technologies LP acquired a new stake in QuinStreet during the third quarter valued at $29,000. Quarry LP increased its holdings in QuinStreet by 11,330.0% in the second quarter. Quarry LP now owns 2,286 shares of the technology company’s stock valued at $38,000 after buying an additional 2,266 shares in the last quarter. Victory Capital Management Inc. purchased a new position in QuinStreet in the second quarter valued at $175,000. Finally, Centiva Capital LP acquired a new position in shares of QuinStreet in the third quarter worth about $244,000. Hedge funds and other institutional investors 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.