QuinStreet (NASDAQ:QNST) Stock Rating Lowered by StockNews.com

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

Other equities research analysts have also recently issued reports about the company. Barrington Research reiterated an “outperform” rating and set a $22.00 price target on shares of QuinStreet in a research report on Friday, August 9th. Craig Hallum boosted their price objective on QuinStreet from $22.00 to $25.00 and gave the stock a “buy” rating in a report on Friday, August 9th. Finally, B. Riley boosted their price objective on QuinStreet from $21.50 to $24.00 and gave the stock a “buy” rating in a report on Friday, August 9th. One analyst has rated the stock with a sell rating and four have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $22.25.

QuinStreet Stock Down 5.2 %

Shares of QNST opened at $19.91 on Thursday. The business’s 50-day moving average price is $19.20 and its 200-day moving average price is $18.04. QuinStreet has a twelve month low of $10.41 and a twelve month high of $21.89. The stock has a market cap of $1.12 billion, a PE ratio of -34.93 and a beta of 1.11.

QuinStreet (NASDAQ:QNST) last announced its quarterly earnings results on Thursday, August 8th. The technology company reported $0.11 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.01. QuinStreet had a negative return on equity of 13.00% and a negative net margin of 5.11%. The firm had revenue of $198.32 million for the quarter, compared to analysts’ expectations of $186.39 million. During the same period in the prior year, the business posted ($1.03) earnings per share. The company’s revenue was up 52.2% on a year-over-year basis. Analysts expect that QuinStreet will post 0.08 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of QNST. US Bancorp DE boosted its stake in QuinStreet by 880.3% in 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. Quarry LP boosted its stake in QuinStreet by 11,330.0% in the second quarter. Quarry LP now owns 2,286 shares of the technology company’s stock worth $38,000 after buying an additional 2,266 shares in the last quarter. SageView Advisory Group LLC purchased a new stake in QuinStreet in the first quarter worth approximately $60,000. RiverPark Advisors LLC purchased a new stake in QuinStreet in the first quarter worth approximately $127,000. Finally, Victory Capital Management Inc. purchased a new stake in QuinStreet in the second quarter worth approximately $175,000. Hedge funds and other institutional investors own 97.83% of the company’s stock.

About QuinStreet

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.