StockNews.com upgraded shares of QuinStreet (NASDAQ:QNST – Free Report) from a sell rating to a hold rating in a research note published on Monday.
A number of other analysts have also recently commented on the stock. Barrington Research upped their target price on shares of QuinStreet from $22.00 to $29.00 and gave the company an “outperform” rating in a report on Tuesday, November 5th. 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 research note on Tuesday, November 5th. B. Riley increased their price objective 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. Lake Street Capital increased their price objective on shares of QuinStreet from $20.00 to $25.00 and gave the stock a “hold” rating in a research note on Tuesday, November 5th. Finally, Stephens increased their price objective on shares of QuinStreet from $23.00 to $27.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 5th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $29.00.
Check Out Our Latest Research Report on QNST
QuinStreet Stock Up 1.6 %
QuinStreet (NASDAQ:QNST – Get Free Report) last announced its 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. QuinStreet had a negative net margin of 2.88% and a negative return on equity of 8.79%. The business had revenue of $279.22 million during the quarter, compared to analysts’ expectations of $222.68 million. During the same period in the prior year, the company earned ($0.19) earnings per share. The firm’s revenue was up 125.3% on a year-over-year basis. As a group, analysts expect that QuinStreet will post 0.15 earnings per share for the current year.
Insider Buying and Selling
In other QuinStreet news, Director Stuart Huizinga sold 7,020 shares of the stock in a transaction on Monday, November 25th. The shares were sold at an average price of $23.21, for a total transaction of $162,934.20. Following the completion of the transaction, the director now owns 174,903 shares in the company, valued at $4,059,498.63. This trade represents a 3.86 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Matthew Glickman sold 30,000 shares of the 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 transaction, the director now 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 sold 40,000 shares of company stock worth $910,374. 5.00% of the stock is owned by insiders.
Hedge Funds Weigh In On QuinStreet
Institutional investors have recently bought and sold shares of the business. Divisadero Street Capital Management LP bought a new position in QuinStreet during the second quarter valued at $6,499,000. Vanguard Group Inc. lifted its holdings in shares of 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. Driehaus Capital Management LLC lifted its holdings in shares of 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. American Century Companies Inc. lifted its holdings 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 worth $33,763,000 after acquiring an additional 438,947 shares during the last quarter. Finally, Bank of Montreal Can bought a new stake in shares of QuinStreet in the 2nd quarter worth about $1,766,000. Institutional investors 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.
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