QuinStreet (NASDAQ:QNST) Shares Cross Above 200-Day Moving Average – Time to Sell?

QuinStreet, Inc. (NASDAQ:QNST)’s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $19.81 and traded as high as $21.51. QuinStreet shares last traded at $21.46, with a volume of 286,673 shares traded.

Analyst Ratings Changes

A number of research analysts recently issued reports on QNST shares. Barrington Research reissued an “outperform” rating and set a $29.00 price target on shares of QuinStreet in a research report on Friday, December 6th. B. Riley raised their target price on shares of QuinStreet from $24.00 to $32.00 and gave the company a “buy” rating in a research note on Tuesday, November 5th. StockNews.com cut QuinStreet from a “hold” rating to a “sell” rating in a research report on Tuesday. Stephens raised their price objective on QuinStreet from $23.00 to $27.00 and gave the company an “overweight” rating in a research report on Tuesday, November 5th. Finally, Lake Street Capital boosted their target price on QuinStreet from $20.00 to $25.00 and gave the stock a “hold” rating in a report on Tuesday, November 5th. One analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $29.00.

QuinStreet Trading Up 3.0 %

The company has a market capitalization of $1.24 billion, a PE ratio of -55.18 and a beta of 1.07. The business’s fifty day moving average is $22.30 and its two-hundred day moving average is $19.86.

QuinStreet (NASDAQ:QNST) last posted its quarterly earnings results on Monday, November 4th. The technology company reported $0.22 earnings per share for the quarter, topping the consensus estimate 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 analysts’ expectations of $222.68 million. During the same quarter in the previous year, the business earned ($0.19) earnings per share. The company’s revenue was up 125.3% on a year-over-year basis. As a group, equities research analysts anticipate that QuinStreet, Inc. will post 0.15 EPS for the current year.

Insider Transactions at QuinStreet

In related news, Director Matthew Glickman sold 30,000 shares of QuinStreet 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 sale, the director now owns 113,140 shares of the company’s stock, valued at $2,560,358.20. The trade was a 20.96 % decrease in their ownership of the stock. 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 business’s stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $23.00, for a total value of $68,540.00. Following the sale, the director now owns 171,923 shares of the company’s stock, valued at approximately $3,954,229. This represents a 1.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 40,000 shares of company stock worth $910,374 over the last three months. 5.00% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On QuinStreet

Institutional investors have recently bought and sold shares of the stock. US Bancorp DE increased its position in QuinStreet by 880.3% in the third quarter. US Bancorp DE now owns 1,392 shares of the technology company’s stock worth $27,000 after buying an additional 1,250 shares in the last quarter. Quantbot Technologies LP purchased a new position in QuinStreet during the third quarter valued at approximately $29,000. Quarry LP boosted its holdings in 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 buying an additional 2,266 shares during the period. Victory Capital Management Inc. purchased a new position in shares of QuinStreet in the second quarter valued at about $175,000. Finally, Hsbc Holdings PLC boosted its stake in QuinStreet by 26.1% in the 2nd quarter. Hsbc Holdings PLC now owns 14,000 shares of the technology company’s stock worth $225,000 after purchasing an additional 2,895 shares during the period. 97.83% of the stock is owned by institutional investors.

About QuinStreet

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.