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

StockNews.com lowered shares of QuinStreet (NASDAQ:QNST) from a hold rating to a sell rating in a research note published on Monday morning.

A number of other equities analysts have also recently issued reports on QNST. Barrington Research restated an outperform rating and issued a $22.00 price objective on shares of QuinStreet in a research report on Friday, August 9th. Craig Hallum upped their price target on QuinStreet from $22.00 to $25.00 and gave the company a buy rating in a research report on Friday, August 9th. Finally, B. Riley lifted their price objective on QuinStreet from $21.50 to $24.00 and gave the stock a buy rating in a research report on Friday, August 9th. One investment analyst has rated the stock with a sell rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, QuinStreet has an average rating of Moderate Buy and an average price target of $22.25.

QuinStreet Price Performance

Shares of QNST stock opened at $18.64 on Monday. The business has a 50-day moving average of $18.62 and a 200 day moving average of $17.62. QuinStreet has a 1-year low of $8.44 and a 1-year high of $20.91. The stock has a market capitalization of $1.05 billion, a PE ratio of -11.86 and a beta of 1.11.

QuinStreet (NASDAQ:QNST) last released its quarterly earnings data on Thursday, August 8th. The technology company reported $0.11 earnings per share for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $186.39 million. During the same quarter in the prior year, the firm posted ($1.03) earnings per share. The business’s quarterly revenue was up 52.2% compared to the same quarter last year. Analysts anticipate that QuinStreet will post 0.08 EPS for the current year.

Institutional Trading of QuinStreet

Large investors have recently bought and sold shares of the company. Private Capital Management LLC lifted its holdings in shares of QuinStreet by 1.4% during the fourth quarter. Private Capital Management LLC now owns 4,503,159 shares of the technology company’s stock valued at $57,730,000 after purchasing an additional 62,095 shares during the last quarter. Vanguard Group Inc. raised its holdings in QuinStreet by 1.3% in the first quarter. Vanguard Group Inc. now owns 3,712,518 shares of the technology company’s stock worth $65,563,000 after buying an additional 48,705 shares during the last quarter. American Century Companies Inc. lifted its stake in shares of QuinStreet by 27.5% in the second quarter. American Century Companies Inc. now owns 2,035,127 shares of the technology company’s stock worth $33,763,000 after buying an additional 438,947 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of QuinStreet by 6.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,866,930 shares of the technology company’s stock worth $23,934,000 after buying an additional 114,980 shares in the last quarter. Finally, William Blair Investment Management LLC grew its holdings in shares of QuinStreet by 0.8% during the first quarter. William Blair Investment Management LLC now owns 1,530,761 shares of the technology company’s stock valued at $27,033,000 after buying an additional 12,058 shares during the last quarter. 97.83% of the stock is owned by institutional investors.

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.