QuinStreet (NASDAQ:QNST) Lowered to “Sell” Rating by StockNews.com

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

Other research analysts have also recently issued reports about the company. Stephens lifted 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. Lake Street Capital lifted their price objective on QuinStreet from $20.00 to $25.00 and gave the company a “hold” rating in a research report on Tuesday, November 5th. B. Riley lifted their price objective on QuinStreet from $24.00 to $32.00 and gave the company a “buy” rating in a research report on Tuesday, November 5th. Craig Hallum lifted their price objective on QuinStreet from $25.00 to $32.00 and gave the company a “buy” rating in a research report on Tuesday, November 5th. Finally, Barrington Research boosted their price target on QuinStreet from $22.00 to $29.00 and gave the stock an “outperform” rating in a report on Tuesday, November 5th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $29.00.

QuinStreet Stock Performance

Shares of NASDAQ:QNST opened at $23.42 on Tuesday. The stock has a market capitalization of $1.31 billion, a price-to-earnings ratio of -58.55 and a beta of 1.09. The stock’s 50-day simple moving average is $19.47 and its two-hundred day simple moving average is $18.23. QuinStreet has a 52-week low of $10.46 and a 52-week high of $26.27.

QuinStreet (NASDAQ:QNST) last posted its quarterly earnings data on Monday, November 4th. The technology company reported $0.22 earnings per share for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $222.68 million. During the same period in the previous year, the firm earned ($0.19) EPS. The business’s quarterly revenue was up 125.3% on a year-over-year basis. As a group, equities analysts forecast that QuinStreet will post 0.08 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in QNST. Vanguard Group Inc. increased its stake in QuinStreet by 1.3% in the 1st quarter. Vanguard Group Inc. now owns 3,712,518 shares of the technology company’s stock worth $65,563,000 after acquiring an additional 48,705 shares during the last quarter. American Century Companies Inc. increased its stake in QuinStreet by 27.5% in the 2nd quarter. American Century Companies Inc. now owns 2,035,127 shares of the technology company’s stock worth $33,763,000 after acquiring an additional 438,947 shares during the last quarter. William Blair Investment Management LLC increased its stake in QuinStreet by 0.8% in the 1st quarter. William Blair Investment Management LLC now owns 1,530,761 shares of the technology company’s stock worth $27,033,000 after acquiring an additional 12,058 shares during the last quarter. Driehaus Capital Management LLC increased its stake 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 worth $25,050,000 after acquiring an additional 225,720 shares during the last quarter. Finally, Millennium Management LLC increased its stake in QuinStreet by 7.5% in the 2nd quarter. Millennium Management LLC now owns 804,223 shares of the technology company’s stock worth $13,342,000 after acquiring an additional 55,889 shares during the last quarter. 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.