QuinStreet (NASDAQ:QNST) Upgraded by StockNews.com to Hold Rating

StockNews.com upgraded shares of QuinStreet (NASDAQ:QNST) from a sell rating to a hold rating in a research report released on Monday.

A number of other equities analysts also recently commented on the stock. Stephens lifted their target price on shares of QuinStreet from $23.00 to $27.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 5th. Craig Hallum upped their price objective on QuinStreet from $25.00 to $32.00 and gave the company a “buy” rating in a report on Tuesday, November 5th. B. Riley raised their target price on QuinStreet from $24.00 to $32.00 and gave the stock a “buy” rating in a research note on Tuesday, November 5th. Lake Street Capital upped their target price on shares of QuinStreet from $20.00 to $25.00 and gave the company a “hold” rating in a research report on Tuesday, November 5th. Finally, Barrington Research restated an “outperform” rating and set a $29.00 price target on shares of QuinStreet in a research note on Friday, December 6th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, QuinStreet has a consensus rating of “Moderate Buy” and an average price target of $29.00.

QuinStreet Price Performance

Shares of QuinStreet stock opened at $22.25 on Monday. The stock’s 50 day simple moving average is $22.23 and its 200-day simple moving average is $19.66. The stock has a market cap of $1.25 billion, a P/E ratio of -55.63 and a beta of 1.07. QuinStreet has a 1-year low of $11.22 and a 1-year high of $26.27.

QuinStreet (NASDAQ:QNST) last released its quarterly earnings data 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. QuinStreet had a negative return on equity of 8.79% and a negative net margin of 2.88%. The company had revenue of $279.22 million for the quarter, compared to analyst estimates of $222.68 million. During the same quarter in the previous year, the company posted ($0.19) earnings per share. The firm’s revenue for the quarter was up 125.3% compared to the same quarter last year. As a group, research analysts expect that QuinStreet will post 0.15 EPS for the current fiscal year.

Insider Transactions at QuinStreet

In related news, Director Matthew Glickman sold 30,000 shares of the company’s 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 directly owns 113,140 shares in the company, valued at approximately $2,560,358.20. This represents a 20.96 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Stuart Huizinga sold 7,020 shares of the 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 sale, the director now directly owns 174,903 shares in the company, valued at approximately $4,059,498.63. This represents a 3.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 40,000 shares of company stock valued at $910,374. 5.00% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On QuinStreet

Hedge funds have recently added to or reduced their stakes in the stock. FMR LLC boosted its holdings in shares of QuinStreet by 5.2% in the 3rd quarter. FMR LLC now owns 2,233,345 shares of the technology company’s stock valued at $42,724,000 after buying an additional 109,892 shares in the last quarter. American Century Companies Inc. boosted its stake in QuinStreet by 27.5% in the second quarter. American Century Companies Inc. now owns 2,035,127 shares of the technology company’s stock valued at $33,763,000 after acquiring an additional 438,947 shares in the last quarter. State Street Corp grew its holdings in shares of QuinStreet by 2.1% during the third quarter. State Street Corp now owns 1,989,976 shares of the technology company’s stock worth $38,068,000 after purchasing an additional 41,538 shares during the last quarter. Driehaus Capital Management LLC grew its holdings in shares of QuinStreet by 17.6% during the second quarter. Driehaus Capital Management LLC now owns 1,509,937 shares of the technology company’s stock worth $25,050,000 after purchasing an additional 225,720 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in shares of QuinStreet by 3.0% during the third quarter. Geode Capital Management LLC now owns 1,270,766 shares of the technology company’s stock worth $24,315,000 after purchasing an additional 36,963 shares in the last quarter. 97.83% of the stock is currently owned by hedge funds and other 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.