QuinStreet (NASDAQ:QNST) Upgraded to “Hold” at StockNews.com

QuinStreet (NASDAQ:QNST) was upgraded by research analysts at StockNews.com from a “sell” rating to a “hold” rating in a note issued to investors on Monday.

Several other analysts also recently weighed in on the stock. Lake Street Capital lifted their target price on shares of QuinStreet from $20.00 to $25.00 and gave the company a “hold” rating in a report on Tuesday, November 5th. Stephens lifted their price objective on QuinStreet from $23.00 to $27.00 and gave the company an “overweight” rating in a research note on Tuesday, November 5th. B. Riley raised their target price on QuinStreet from $24.00 to $32.00 and gave the company a “buy” rating in a report on Tuesday, November 5th. Craig Hallum lifted their target price on QuinStreet from $25.00 to $32.00 and gave the company a “buy” rating in a research report on Tuesday, November 5th. Finally, Barrington Research reissued an “outperform” rating and set a $29.00 price target on shares of QuinStreet in a research report 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, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $29.00.

QuinStreet Stock Down 2.8 %

NASDAQ:QNST traded down $0.66 on Monday, reaching $22.89. The company’s stock had a trading volume of 336,401 shares, compared to its average volume of 338,934. QuinStreet has a 12-month low of $11.22 and a 12-month high of $26.27. The stock has a 50 day moving average price of $22.08 and a 200 day moving average price of $19.54. The firm has a market cap of $1.29 billion, a price-to-earnings ratio of -57.23 and a beta of 1.07.

QuinStreet (NASDAQ:QNST) last posted its earnings results on Monday, November 4th. The technology company reported $0.22 EPS for the quarter, beating analysts’ consensus estimates of $0.15 by $0.07. The company had revenue of $279.22 million for the quarter, compared to analysts’ expectations of $222.68 million. QuinStreet had a negative net margin of 2.88% and a negative return on equity of 8.79%. QuinStreet’s revenue for the quarter was up 125.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.19) earnings per share. Equities research analysts expect that QuinStreet will post 0.15 EPS for the current fiscal year.

Insider Transactions at QuinStreet

In related news, Director Stuart Huizinga sold 2,980 shares of the stock in a transaction on Friday, November 29th. The shares were sold at an average price of $23.00, for a total value of $68,540.00. Following the transaction, the director now directly owns 171,923 shares of the company’s stock, valued at $3,954,229. This trade represents a 1.70 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Matthew Glickman sold 30,000 shares of the business’s stock in a transaction 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 completion of the sale, the director now directly owns 113,140 shares of the company’s stock, valued at approximately $2,560,358.20. This trade represents a 20.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 40,000 shares of company stock valued at $910,374. Insiders own 5.00% of the company’s stock.

Hedge Funds Weigh In On QuinStreet

Several hedge funds have recently made changes to their positions in the company. American Century Companies Inc. boosted its position in shares of QuinStreet by 27.5% in the 2nd quarter. American Century Companies Inc. now owns 2,035,127 shares of the technology company’s stock valued at $33,763,000 after purchasing an additional 438,947 shares during the period. Divisadero Street Capital Management LP purchased a new stake in QuinStreet in the second quarter valued at approximately $6,499,000. Driehaus Capital Management LLC grew its position 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 acquiring an additional 225,720 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of QuinStreet by 39.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 449,589 shares of the technology company’s stock valued at $8,601,000 after acquiring an additional 127,689 shares during the period. Finally, Squarepoint Ops LLC raised its position in QuinStreet by 248.7% in the 2nd quarter. Squarepoint Ops LLC now owns 174,367 shares of the technology company’s stock valued at $2,893,000 after purchasing an additional 124,367 shares during the last quarter. 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.