QuinStreet (NASDAQ:QNST) Rating Increased to Hold at StockNews.com

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.

Other analysts also recently issued research reports about the stock. Lake Street Capital increased their price objective on shares of QuinStreet from $20.00 to $25.00 and gave the company a “hold” rating in a research report on Tuesday, November 5th. B. Riley increased their price target 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. Stephens increased their target price on shares of QuinStreet from $23.00 to $27.00 and gave the stock an “overweight” rating in a report on Tuesday, November 5th. Barrington Research lifted their target price on QuinStreet from $22.00 to $29.00 and gave the company an “outperform” rating in a research note on Tuesday, November 5th. Finally, Craig Hallum increased their price objective on shares of QuinStreet from $25.00 to $32.00 and gave the stock a “buy” rating in a report on Tuesday, November 5th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $29.00.

QuinStreet Trading Down 3.8 %

NASDAQ QNST opened at $22.26 on Monday. The company has a market capitalization of $1.25 billion, a PE ratio of -55.65 and a beta of 1.07. The business’s 50-day moving average price is $20.43 and its 200 day moving average price is $18.70. QuinStreet has a twelve month low of $11.22 and a twelve month high of $26.27.

QuinStreet (NASDAQ:QNST) last announced its quarterly earnings results on Monday, November 4th. The technology company reported $0.22 EPS for the quarter, topping the consensus estimate of $0.15 by $0.07. The company 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%. The firm’s revenue was up 125.3% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.19) earnings per share. Equities analysts predict that QuinStreet will post 0.15 EPS for the current year.

Insider Activity

In related news, Director Stuart Huizinga sold 7,020 shares of the company’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $23.21, for a total value of $162,934.20. Following the completion of the transaction, the director now directly owns 174,903 shares in the company, valued at approximately $4,059,498.63. This represents a 3.86 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Matthew Glickman sold 30,000 shares of the stock in a transaction dated 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 of the company’s stock, valued at $2,560,358.20. This trade represents a 20.96 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 40,000 shares of company stock worth $910,374. 5.00% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in QNST. US Bancorp DE increased its position in 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 acquiring an additional 1,250 shares in the last quarter. Quantbot Technologies LP bought a new stake in shares of QuinStreet in the third quarter valued at about $29,000. Quarry LP raised 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 valued at $38,000 after purchasing an additional 2,266 shares during the last quarter. Victory Capital Management Inc. bought a new stake in QuinStreet during the second quarter worth about $175,000. Finally, Hsbc Holdings PLC increased its holdings in QuinStreet by 26.1% during the second quarter. Hsbc Holdings PLC now owns 14,000 shares of the technology company’s stock worth $225,000 after buying an additional 2,895 shares during the last quarter. 97.83% of the stock is owned by 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.