QuinStreet (NASDAQ:QNST) Trading Down 4.7%

QuinStreet, Inc. (NASDAQ:QNST)’s share price traded down 4.7% during trading on Wednesday . The company traded as low as $15.20 and last traded at $15.25. 151,211 shares traded hands during mid-day trading, a decline of 61% from the average session volume of 388,243 shares. The stock had previously closed at $16.01.

Analysts Set New Price Targets

A number of analysts have weighed in on QNST shares. B. Riley began coverage on shares of QuinStreet in a report on Friday, April 19th. They set a “buy” rating and a $21.50 target price on the stock. Craig Hallum raised shares of QuinStreet from a “hold” rating to a “buy” rating and set a $22.00 target price on the stock in a report on Tuesday, June 18th. Singular Research raised QuinStreet to a “moderate buy” rating in a report on Tuesday, May 14th. StockNews.com upgraded QuinStreet to a “sell” rating in a research report on Saturday, April 13th. Finally, Stephens raised their target price on QuinStreet from $17.00 to $18.00 and gave the company an “overweight” rating in a research report on Friday, March 15th. One analyst has rated the stock with a sell rating and four have given a buy rating to the stock. According to MarketBeat.com, QuinStreet presently has an average rating of “Moderate Buy” and an average price target of $20.88.

QuinStreet Trading Down 3.7 %

The stock has a market cap of $851.86 million, a price-to-earnings ratio of -9.90 and a beta of 1.16. The company has a fifty day simple moving average of $17.24 and a 200-day simple moving average of $15.71.

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

Institutional Investors Weigh In On QuinStreet

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Janus Henderson Group PLC boosted its position in QuinStreet by 95.2% during the first quarter. Janus Henderson Group PLC now owns 44,086 shares of the technology company’s stock valued at $778,000 after purchasing an additional 21,502 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its position 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 acquiring an additional 1,694 shares during the last quarter. PEAK6 Investments LLC boosted its stake in QuinStreet by 3.4% during the 1st quarter. PEAK6 Investments LLC now owns 25,680 shares of the technology company’s stock valued at $454,000 after purchasing an additional 843 shares during the period. Roubaix Capital LLC acquired a new stake in shares of QuinStreet in the first quarter worth $1,780,000. Finally, Vanguard Group Inc. increased its holdings in shares of QuinStreet by 1.3% during the 1st quarter. Vanguard Group Inc. now owns 3,712,518 shares of the technology company’s stock worth $65,563,000 after purchasing an additional 48,705 shares during the period. Hedge funds and other institutional investors own 97.83% of the company’s stock.

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.