StockNews.com Upgrades QuinStreet (NASDAQ:QNST) to “Hold”

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

QNST has been the subject of a number of other reports. Lake Street Capital increased their price target on QuinStreet from $20.00 to $25.00 and gave the stock a “hold” rating in a report on Tuesday, November 5th. Stephens lifted their price target on shares of QuinStreet from $23.00 to $27.00 and gave the company an “overweight” rating in a research report on Tuesday, November 5th. Craig Hallum upped their price objective on shares of QuinStreet from $25.00 to $32.00 and gave the stock a “buy” rating in a report on Tuesday, November 5th. 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 report on Tuesday, November 5th. Finally, B. Riley upped their price target on QuinStreet from $24.00 to $32.00 and gave the stock a “buy” rating in a research note on Tuesday, November 5th. Two research analysts have rated the stock with a hold rating and four have given 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 1.6 %

QNST traded up $0.36 during midday trading on Monday, hitting $23.14. 599,724 shares of the company traded hands, compared to its average volume of 414,600. QuinStreet has a 52-week low of $11.22 and a 52-week high of $26.27. The business has a 50 day simple moving average of $20.38 and a two-hundred day simple moving average of $18.67. The company has a market capitalization of $1.30 billion, a price-to-earnings ratio of -57.85 and a beta of 1.09.

QuinStreet (NASDAQ:QNST) last posted its quarterly earnings results on Monday, November 4th. The technology company reported $0.22 earnings per share for the quarter, topping analysts’ consensus estimates of $0.15 by $0.07. The firm had revenue of $279.22 million for the quarter, compared to analyst estimates of $222.68 million. QuinStreet had a negative net margin of 2.88% and a negative return on equity of 8.79%. QuinStreet’s quarterly revenue was up 125.3% on a year-over-year basis. During the same period in the previous year, the business posted ($0.19) earnings per share. Equities research analysts anticipate that QuinStreet will post 0.15 earnings per share for the current year.

Insider Activity at QuinStreet

In related news, Director Stuart Huizinga sold 7,020 shares of QuinStreet stock in a transaction 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 completion of the transaction, the director now directly owns 174,903 shares in the company, valued at approximately $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 SEC, which is accessible through this hyperlink. Also, Director Matthew Glickman sold 30,000 shares of the business’s stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $22.63, for a total value of $678,900.00. Following the transaction, the director now directly owns 113,140 shares of the company’s stock, valued at $2,560,358.20. The trade was a 20.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 40,000 shares of company stock worth $910,374. Corporate insiders own 5.00% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised 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 valued at $65,563,000 after purchasing an additional 48,705 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in QuinStreet by 12.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 15,188 shares of the technology company’s stock worth $269,000 after buying an additional 1,694 shares during the last quarter. Janus Henderson Group PLC boosted its position in shares of QuinStreet by 95.2% during the 1st quarter. Janus Henderson Group PLC now owns 44,086 shares of the technology company’s stock worth $778,000 after acquiring an additional 21,502 shares in the last quarter. Assenagon Asset Management S.A. increased its holdings in shares of QuinStreet by 3.9% in the 2nd quarter. Assenagon Asset Management S.A. now owns 183,250 shares of the technology company’s stock valued at $3,040,000 after acquiring an additional 6,853 shares during the last quarter. Finally, Louisiana State Employees Retirement System increased its holdings in shares of QuinStreet by 2.3% in the 2nd quarter. Louisiana State Employees Retirement System now owns 26,400 shares of the technology company’s stock valued at $438,000 after acquiring an additional 600 shares during the last quarter. 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.