QuinStreet (NASDAQ:QNST) Rating Lowered to D+ at TheStreet

QuinStreet (NASDAQ:QNSTGet Rating) was downgraded by research analysts at TheStreet from a “c” rating to a “d+” rating in a research report issued on Thursday, TheStreetRatingsTable reports.

Other research analysts have also issued research reports about the stock. StockNews.com lowered shares of QuinStreet from a “hold” rating to a “sell” rating in a report on Friday. William Blair reiterated an “outperform” rating on shares of QuinStreet in a report on Thursday, April 21st. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $13.50.

QuinStreet Price Performance

NASDAQ:QNST opened at $11.64 on Thursday. QuinStreet has a one year low of $8.28 and a one year high of $19.40. The company has a market cap of $637.99 million, a P/E ratio of -129.32 and a beta of 1.02. The firm’s fifty day moving average price is $10.66 and its two-hundred day moving average price is $11.34.

QuinStreet (NASDAQ:QNSTGet Rating) last posted its quarterly earnings data on Wednesday, May 4th. The technology company reported $0.04 earnings per share for the quarter, topping the consensus estimate of ($0.01) by $0.05. QuinStreet had a negative net margin of 0.90% and a negative return on equity of 1.77%. The business had revenue of $150.66 million during the quarter, compared to analysts’ expectations of $152.51 million. As a group, equities research analysts expect that QuinStreet will post 0.16 earnings per share for the current year.

Insider Buying and Selling at QuinStreet

In related news, Director James R. Simons acquired 10,000 shares of QuinStreet stock in a transaction dated Thursday, May 12th. The stock was bought at an average price of $9.97 per share, with a total value of $99,700.00. Following the transaction, the director now directly owns 44,841 shares in the company, valued at approximately $447,064.77. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 6.80% of the company’s stock.

Hedge Funds Weigh In On QuinStreet

Several large investors have recently bought and sold shares of the stock. Nisa Investment Advisors LLC bought a new stake in shares of QuinStreet during the 4th quarter worth $32,000. Covestor Ltd purchased a new stake in QuinStreet in the 4th quarter worth about $40,000. KBC Group NV purchased a new stake in QuinStreet in the 2nd quarter worth about $42,000. Lazard Asset Management LLC increased its holdings in QuinStreet by 97.2% in the 4th quarter. Lazard Asset Management LLC now owns 4,014 shares of the technology company’s stock worth $73,000 after acquiring an additional 1,978 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new stake in QuinStreet in the 2nd quarter worth about $143,000. 91.02% of the stock is currently owned by institutional investors.

About QuinStreet

(Get Rating)

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 to its clients in the form of qualified clicks, leads, calls, applications, or customers through its websites or third-party publishers.

Further Reading

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