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

StockNews.com upgraded shares of QuinStreet (NASDAQ:QNST) from a sell rating to a hold rating in a research note issued to investors on Monday.

A number of other research firms have also issued reports on QNST. Barrington Research reissued an “outperform” rating and issued a $29.00 price target on shares of QuinStreet in a research report on Friday, December 6th. Stephens lifted their target price on shares of QuinStreet from $23.00 to $27.00 and gave the company an “overweight” rating in a research note on Tuesday, November 5th. B. Riley upped their price target 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. 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, Lake Street Capital upped their target price on QuinStreet from $20.00 to $25.00 and gave the stock a “hold” rating in a research report on Tuesday, November 5th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $29.00.

QuinStreet Stock Performance

QuinStreet stock opened at $22.89 on Monday. QuinStreet has a 52 week low of $11.22 and a 52 week high of $26.27. The firm has a market capitalization of $1.29 billion, a price-to-earnings ratio of -57.23 and a beta of 1.07. The company has a 50 day moving average price of $22.08 and a 200 day moving average price of $19.54.

QuinStreet (NASDAQ:QNST) last issued its 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 return on equity of 8.79% and a negative net margin of 2.88%. QuinStreet’s revenue was up 125.3% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.19) earnings per share. Equities analysts forecast that QuinStreet will post 0.15 earnings per share for the current fiscal year.

Insider Transactions at QuinStreet

In other QuinStreet news, Director Stuart Huizinga sold 7,020 shares of QuinStreet stock in a transaction that occurred 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 transaction, the director now directly owns 174,903 shares of the company’s stock, valued at $4,059,498.63. The trade was a 3.86 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Matthew Glickman sold 30,000 shares of the stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $22.63, for a total value of $678,900.00. Following the completion of the sale, the director now directly owns 113,140 shares of the company’s stock, valued at $2,560,358.20. This represents a 20.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders 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 large investors have recently made changes to their positions in the stock. US Bancorp DE raised its stake in shares of QuinStreet by 880.3% in the third quarter. US Bancorp DE now owns 1,392 shares of the technology company’s stock valued at $27,000 after purchasing an additional 1,250 shares in the last quarter. Quantbot Technologies LP bought a new stake in QuinStreet in the 3rd quarter valued at $29,000. Quarry LP raised its stake in shares of QuinStreet by 11,330.0% in the 2nd quarter. Quarry LP now owns 2,286 shares of the technology company’s stock valued at $38,000 after buying an additional 2,266 shares in the last quarter. Victory Capital Management Inc. bought a new position in shares of QuinStreet during the 2nd quarter worth about $175,000. Finally, Hsbc Holdings PLC boosted its position 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 acquiring an additional 2,895 shares in the last quarter. 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.