QuinStreet (NASDAQ:QNST) Downgraded by StockNews.com to Sell

QuinStreet (NASDAQ:QNST) was downgraded by investment analysts at StockNews.com from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Tuesday.

A number of other brokerages have also weighed in on QNST. B. Riley raised their price objective on QuinStreet from $24.00 to $32.00 and gave the company a “buy” rating in a report on Tuesday, November 5th. Craig Hallum lifted 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. Barrington Research increased their price objective on shares of QuinStreet from $22.00 to $29.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 5th. Stephens boosted their price objective on QuinStreet from $23.00 to $27.00 and gave the company an “overweight” rating in a report on Tuesday, November 5th. Finally, Lake Street Capital raised their target price on QuinStreet from $20.00 to $25.00 and gave the company 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 assigned a buy rating to the stock. According to data from MarketBeat.com, QuinStreet currently has a consensus rating of “Moderate Buy” and an average price target of $29.00.

QuinStreet Trading Down 2.0 %

NASDAQ:QNST opened at $21.54 on Tuesday. The company’s 50 day moving average is $19.63 and its two-hundred day moving average is $18.31. The company has a market cap of $1.21 billion, a PE ratio of -53.75 and a beta of 1.09. QuinStreet has a twelve month low of $10.85 and a twelve month high of $26.27.

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

Institutional Trading of QuinStreet

Several hedge funds and other institutional investors have recently bought and sold shares of the company. US Bancorp DE raised its position in shares of QuinStreet by 880.3% in the 3rd 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 during the period. Quantbot Technologies LP acquired a new stake in QuinStreet in the third quarter valued at $29,000. Quarry LP lifted its position in shares of QuinStreet by 11,330.0% during the second quarter. Quarry LP now owns 2,286 shares of the technology company’s stock worth $38,000 after purchasing an additional 2,266 shares during the last quarter. SageView Advisory Group LLC acquired a new position in shares of QuinStreet in the 1st quarter worth approximately $60,000. Finally, Victory Capital Management Inc. acquired a new position in QuinStreet in the second quarter worth $175,000. 97.83% of the stock is owned by hedge funds and other institutional investors.

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.