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

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

A number of other equities research analysts have also recently commented on the stock. Craig Hallum raised their target price on shares of QuinStreet from $25.00 to $32.00 and gave the stock a “buy” rating in a research note on Tuesday, November 5th. Barrington Research raised their price target on QuinStreet from $22.00 to $29.00 and gave the company an “outperform” rating in a report on Tuesday, November 5th. Stephens boosted their target price on QuinStreet from $23.00 to $27.00 and gave the company an “overweight” rating in a research report on Tuesday, November 5th. B. Riley lifted their price target on shares of QuinStreet from $24.00 to $32.00 and gave the stock a “buy” rating in a research note on Tuesday, November 5th. Finally, Lake Street Capital increased their price target on QuinStreet from $20.00 to $25.00 and gave the stock a “hold” rating in a report on Tuesday, November 5th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, QuinStreet presently has an average rating of “Moderate Buy” and an average price target of $29.00.

QuinStreet Stock Performance

Shares of QuinStreet stock opened at $22.26 on Monday. QuinStreet has a 52-week low of $11.22 and a 52-week high of $26.27. The stock has a market capitalization of $1.25 billion, a PE ratio of -55.65 and a beta of 1.07. The company has a 50-day simple moving average of $20.43 and a two-hundred day simple moving average of $18.70.

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

Insider Activity

In other 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 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 position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Stuart Huizinga sold 2,980 shares of the firm’s stock in a transaction on Friday, November 29th. The stock was sold at an average price of $23.00, for a total value of $68,540.00. Following the transaction, 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 corporate insiders.

Hedge Funds Weigh In On QuinStreet

A number of institutional investors and hedge funds have recently modified their holdings of the company. Vanguard Group Inc. lifted its stake in QuinStreet by 1.3% during the first quarter. Vanguard Group Inc. now owns 3,712,518 shares of the technology company’s stock worth $65,563,000 after purchasing an additional 48,705 shares during the last quarter. FMR LLC grew its holdings in shares of QuinStreet by 5.2% during the third quarter. FMR LLC now owns 2,233,345 shares of the technology company’s stock worth $42,724,000 after buying an additional 109,892 shares during the last quarter. American Century Companies Inc. grew its stake in shares of QuinStreet by 27.5% in the 2nd quarter. American Century Companies Inc. now owns 2,035,127 shares of the technology company’s stock valued at $33,763,000 after purchasing an additional 438,947 shares during the last quarter. State Street Corp raised its stake in shares of QuinStreet by 2.1% during the third quarter. State Street Corp now owns 1,989,976 shares of the technology company’s stock worth $38,068,000 after purchasing an additional 41,538 shares during the last quarter. Finally, Driehaus Capital Management LLC grew its position in QuinStreet by 17.6% in the 2nd quarter. Driehaus Capital Management LLC now owns 1,509,937 shares of the technology company’s stock valued at $25,050,000 after buying an additional 225,720 shares during the last quarter. 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.