QuinStreet (NASDAQ:QNST) Upgraded by StockNews.com to “Hold” Rating

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

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

QuinStreet Trading Up 2.8 %

NASDAQ QNST opened at $21.13 on Wednesday. QuinStreet has a 1-year low of $10.88 and a 1-year high of $26.27. The stock’s 50 day moving average is $19.76 and its two-hundred day moving average is $18.39. The company has a market capitalization of $1.19 billion, a price-to-earnings ratio of -52.83 and a beta of 1.09.

QuinStreet (NASDAQ:QNST) last announced its quarterly earnings results on Monday, November 4th. The technology company reported $0.22 EPS for the quarter, beating 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 business had revenue of $279.22 million for the quarter, compared to analyst estimates of $222.68 million. During the same quarter in the previous year, the firm earned ($0.19) EPS. QuinStreet’s quarterly revenue was up 125.3% on a year-over-year basis. On average, analysts predict that QuinStreet will post 0.15 earnings per share for the current year.

Insider Activity at QuinStreet

In other QuinStreet news, Director Matthew Glickman sold 30,000 shares of the 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 transaction, the director now directly owns 113,140 shares in the company, valued at approximately $2,560,358.20. This trade represents a 20.96 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 5.00% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On QuinStreet

A number of institutional investors and hedge funds have recently made changes to their positions in QNST. 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 purchasing an additional 1,250 shares during the period. Quantbot Technologies LP bought a new position in shares of QuinStreet in the 3rd quarter valued at about $29,000. Quarry LP grew its position in shares of QuinStreet by 11,330.0% during 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. bought a new stake in shares of QuinStreet during the second quarter worth approximately $175,000. Finally, ProShare Advisors LLC acquired a new position in QuinStreet in the first quarter valued at approximately $188,000. 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.