QuinStreet (NASDAQ:QNST) Upgraded at StockNews.com

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

A number of other equities analysts also recently weighed in on QNST. 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 note on Tuesday, November 5th. B. Riley upped their target price on QuinStreet from $24.00 to $32.00 and gave the stock a “buy” rating in a research report on Tuesday, November 5th. Stephens lifted their price target on QuinStreet from $23.00 to $27.00 and gave the company an “overweight” rating in a report on Tuesday, November 5th. Lake Street Capital increased their price objective on QuinStreet from $20.00 to $25.00 and gave the stock a “hold” rating in a report on Tuesday, November 5th. Finally, Barrington Research lifted their target price on shares of QuinStreet from $22.00 to $29.00 and gave the company an “outperform” rating in a research note on Tuesday, November 5th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $29.00.

QuinStreet Trading Up 2.8 %

Shares of QuinStreet stock opened at $21.13 on Wednesday. QuinStreet has a 1 year low of $10.88 and a 1 year high of $26.27. The company has a market cap of $1.19 billion, a P/E ratio of -52.83 and a beta of 1.09. The stock has a 50-day moving average price of $19.76 and a 200 day moving average price of $18.39.

QuinStreet (NASDAQ:QNST) last posted 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 business had revenue of $279.22 million during the quarter, compared to analysts’ expectations of $222.68 million. QuinStreet had a negative net margin of 2.88% and a negative return on equity of 8.79%. The firm’s quarterly revenue was up 125.3% compared to the same quarter last year. During the same period last year, the company posted ($0.19) earnings per share. On average, equities analysts forecast that QuinStreet will post 0.15 earnings per share for the current fiscal year.

Insider Activity at QuinStreet

In related news, Director Matthew Glickman sold 30,000 shares of the company’s stock in a transaction on Tuesday, November 12th. The shares were 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 $2,560,358.20. This represents a 20.96 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 5.00% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. US Bancorp DE grew its position in QuinStreet by 880.3% during the third quarter. US Bancorp DE now owns 1,392 shares of the technology company’s stock worth $27,000 after buying an additional 1,250 shares in the last quarter. Quantbot Technologies LP acquired a new stake in shares of QuinStreet during the 3rd quarter worth approximately $29,000. Quarry LP increased its position in shares of QuinStreet by 11,330.0% during 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 period. Victory Capital Management Inc. bought a new stake in shares of QuinStreet during the second quarter valued at approximately $175,000. Finally, ProShare Advisors LLC bought a new position in QuinStreet in the first quarter worth $188,000. 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.