QuinStreet (NASDAQ:QNST) Share Price Passes Above Two Hundred Day Moving Average – Here’s Why

QuinStreet, Inc. (NASDAQ:QNST) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $20.02 and traded as high as $23.10. QuinStreet shares last traded at $22.86, with a volume of 284,371 shares.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on QNST shares. Barrington Research reissued an “outperform” rating and set a $29.00 target price on shares of QuinStreet in a report on Friday, December 6th. Stephens upped their price objective on shares of QuinStreet from $23.00 to $27.00 and gave the company an “overweight” rating in a report on Tuesday, November 5th. StockNews.com cut shares of QuinStreet from a “hold” rating to a “sell” rating in a research note on Tuesday, January 14th. Lake Street Capital upped their price target on shares of QuinStreet from $20.00 to $25.00 and gave the company a “hold” rating in a research note on Tuesday, November 5th. Finally, B. Riley raised their price objective 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. One analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, QuinStreet currently has an average rating of “Moderate Buy” and an average price target of $29.00.

QuinStreet Stock Up 1.6 %

The company’s 50 day moving average is $22.28 and its 200 day moving average is $20.02. The firm has a market capitalization of $1.29 billion, a price-to-earnings ratio of -57.15 and a beta of 1.07.

QuinStreet (NASDAQ:QNST) last announced its earnings results on Monday, November 4th. The technology company reported $0.22 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $279.22 million for the quarter, compared to analyst estimates of $222.68 million. During the same quarter in the prior year, the business posted ($0.19) EPS. The business’s revenue was up 125.3% compared to the same quarter last year. On average, analysts expect that QuinStreet, Inc. will post 0.15 EPS for the current year.

Insider Buying and Selling at QuinStreet

In related news, 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 transaction of $678,900.00. Following the sale, the director now owns 113,140 shares in the company, valued at approximately $2,560,358.20. This trade represents a 20.96 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Stuart Huizinga sold 7,020 shares of QuinStreet stock in a transaction that occurred 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 directly 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 disclosure for this sale can be found here. Insiders sold 40,000 shares of company stock valued at $910,374 in the last three months. Corporate insiders own 5.00% of the company’s stock.

Institutional Investors Weigh In On QuinStreet

A number of large investors have recently modified their holdings of QNST. SG Americas Securities LLC raised its holdings in shares of QuinStreet by 1.8% during the 4th quarter. SG Americas Securities LLC now owns 26,060 shares of the technology company’s stock worth $601,000 after buying an additional 459 shares in the last quarter. State of Alaska Department of Revenue raised its stake in QuinStreet by 2.3% during the third quarter. State of Alaska Department of Revenue now owns 31,544 shares of the technology company’s stock worth $603,000 after acquiring an additional 712 shares in the last quarter. The Manufacturers Life Insurance Company raised its stake in QuinStreet by 3.6% during the second quarter. The Manufacturers Life Insurance Company now owns 20,539 shares of the technology company’s stock worth $341,000 after acquiring an additional 719 shares in the last quarter. US Bancorp DE lifted its holdings 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 worth $27,000 after acquiring an additional 1,250 shares during the last quarter. Finally, Quantbot Technologies LP acquired a new stake in shares of QuinStreet in the 3rd quarter valued at approximately $29,000. 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.