QuinStreet (NASDAQ:QNST) Trading Down 4.7%

QuinStreet, Inc. (NASDAQ:QNST)’s stock price dropped 4.7% during trading on Wednesday . The stock traded as low as $15.20 and last traded at $15.25. Approximately 151,211 shares were traded during trading, a decline of 61% from the average daily volume of 388,243 shares. The stock had previously closed at $16.01.

Analyst Upgrades and Downgrades

QNST has been the topic of several recent research reports. Craig Hallum upgraded shares of QuinStreet from a “hold” rating to a “buy” rating and set a $22.00 target price on the stock in a research report on Tuesday, June 18th. StockNews.com upgraded shares of QuinStreet to a “sell” rating in a research report on Saturday, April 13th. Barrington Research restated an “outperform” rating and issued a $22.00 price target on shares of QuinStreet in a research report on Tuesday, May 28th. B. Riley assumed coverage on shares of QuinStreet in a research report on Friday, April 19th. They issued a “buy” rating and a $21.50 price target on the stock. Finally, Singular Research upgraded shares of QuinStreet to a “moderate buy” rating in a research report on Tuesday, May 14th. One investment analyst has rated the stock with a sell rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $20.88.

QuinStreet Trading Up 0.6 %

The stock’s fifty day moving average is $17.14 and its two-hundred day moving average is $15.71. The company has a market capitalization of $886.14 million, a PE ratio of -10.22 and a beta of 1.16.

QuinStreet (NASDAQ:QNST) last issued its quarterly earnings results on Wednesday, May 8th. The technology company reported ($0.13) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.06). The company had revenue of $168.59 million during the quarter, compared to analysts’ expectations of $166.54 million. QuinStreet had a negative return on equity of 38.56% and a negative net margin of 15.59%. As a group, analysts anticipate that QuinStreet, Inc. will post -0.55 EPS for the current fiscal year.

Institutional Investors Weigh In On QuinStreet

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Dynamic Technology Lab Private Ltd bought a new position in shares of QuinStreet in the fourth quarter worth approximately $609,000. Basswood Capital Management L.L.C. grew its position in QuinStreet by 20.6% during the fourth quarter. Basswood Capital Management L.L.C. now owns 1,007,188 shares of the technology company’s stock valued at $12,912,000 after acquiring an additional 171,838 shares during the last quarter. SVB Wealth LLC grew its position in QuinStreet by 68.1% during the fourth quarter. SVB Wealth LLC now owns 273,356 shares of the technology company’s stock valued at $3,504,000 after acquiring an additional 110,766 shares during the last quarter. Nomura Holdings Inc. grew its position in QuinStreet by 20.0% during the fourth quarter. Nomura Holdings Inc. now owns 360,543 shares of the technology company’s stock valued at $4,622,000 after acquiring an additional 60,142 shares during the last quarter. Finally, Naples Money Management LLC bought a new position in QuinStreet during the fourth quarter valued at approximately $38,000. 97.83% of the stock is currently owned by institutional investors.

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.