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

StockNews.com upgraded shares of QuinStreet (NASDAQ:QNST) from a sell rating to a hold rating in a report published on Monday.

QNST has been the subject of a number of other reports. B. Riley raised their price target on QuinStreet from $24.00 to $32.00 and gave the company a “buy” rating in a report on Tuesday, November 5th. Barrington Research restated an “outperform” rating and issued a $29.00 target price on shares of QuinStreet in a research note on Friday, December 6th. Craig Hallum upped their price target on shares of QuinStreet from $25.00 to $32.00 and gave the stock a “buy” rating in a research report on Tuesday, November 5th. Stephens raised their price objective on shares of 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 increased their price target on shares of QuinStreet from $20.00 to $25.00 and gave the company a “hold” rating in a research note on Tuesday, November 5th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $29.00.

QuinStreet Stock Performance

Shares of NASDAQ QNST opened at $22.89 on Monday. QuinStreet has a 52-week low of $11.22 and a 52-week high of $26.27. The business has a fifty day moving average of $22.08 and a two-hundred day moving average of $19.54. The stock has a market cap of $1.29 billion, a PE ratio of -57.23 and a beta of 1.07.

QuinStreet (NASDAQ:QNST) last released its quarterly earnings results on Monday, November 4th. The technology company reported $0.22 EPS for the quarter, beating analysts’ consensus estimates of $0.15 by $0.07. The firm had revenue of $279.22 million for the quarter, compared to analyst estimates of $222.68 million. QuinStreet had a negative net margin of 2.88% and a negative return on equity of 8.79%. The company’s revenue for the quarter was up 125.3% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.19) earnings per share. Analysts predict that QuinStreet will post 0.15 earnings per share for the current 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 value of $678,900.00. Following the transaction, the director now owns 113,140 shares of the company’s stock, valued at $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 is available 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 completion of the transaction, the director now owns 171,923 shares in the company, valued at $3,954,229. This represents a 1.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 40,000 shares of company stock valued at $910,374. 5.00% of the stock is currently owned by insiders.

Institutional Trading of QuinStreet

Institutional investors and hedge funds have recently modified their holdings of the stock. US Bancorp DE increased 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 valued at $27,000 after buying an additional 1,250 shares in the last quarter. Quantbot Technologies LP acquired a new position in QuinStreet in the third quarter valued at about $29,000. Quarry LP increased its holdings in shares of QuinStreet by 11,330.0% in the second quarter. Quarry LP now owns 2,286 shares of the technology company’s stock worth $38,000 after acquiring an additional 2,266 shares in the last quarter. Victory Capital Management Inc. acquired a new stake in shares of QuinStreet during the second quarter worth about $175,000. Finally, Hsbc Holdings PLC lifted its holdings in shares of QuinStreet by 26.1% during the 2nd quarter. Hsbc Holdings PLC now owns 14,000 shares of the technology company’s stock valued at $225,000 after purchasing an additional 2,895 shares in the last quarter. 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.