QuinStreet (NASDAQ:QNST) Cut to “D+” at TheStreet

QuinStreet (NASDAQ:QNSTGet Rating) was downgraded by stock analysts at TheStreet from a “c” rating to a “d+” rating in a research report issued on Thursday, TheStreetRatingsTable reports.

A number of other research analysts also recently issued reports on the company. StockNews.com downgraded QuinStreet from a “hold” rating to a “sell” rating in a report on Friday. William Blair reaffirmed an “outperform” rating on shares of QuinStreet in a report on Thursday, April 21st. One research analyst has rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $13.50.

QuinStreet Trading Down 3.7 %

NASDAQ QNST opened at $11.64 on Thursday. QuinStreet has a 12 month low of $8.28 and a 12 month high of $19.40. The stock has a market cap of $637.99 million, a P/E ratio of -129.32 and a beta of 1.02. The stock’s fifty day moving average price is $10.66 and its 200-day moving average price is $11.34.

QuinStreet (NASDAQ:QNSTGet Rating) last announced its quarterly earnings results on Wednesday, May 4th. The technology company reported $0.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.05. The firm had revenue of $150.66 million for the quarter, compared to the consensus estimate of $152.51 million. QuinStreet had a negative return on equity of 1.77% and a negative net margin of 0.90%. As a group, analysts forecast that QuinStreet will post 0.16 earnings per share for the current fiscal year.

Insider Buying and Selling at QuinStreet

In other news, Director James R. Simons bought 10,000 shares of the stock in a transaction on Thursday, May 12th. The shares were bought at an average price of $9.97 per share, with a total value of $99,700.00. Following the completion of the acquisition, the director now owns 44,841 shares in the company, valued at $447,064.77. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 6.80% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. State Board of Administration of Florida Retirement System lifted its holdings in QuinStreet by 43.9% in the second quarter. State Board of Administration of Florida Retirement System now owns 75,348 shares of the technology company’s stock valued at $758,000 after acquiring an additional 22,974 shares during the period. Fort Washington Investment Advisors Inc. OH lifted its holdings in QuinStreet by 26.4% in the second quarter. Fort Washington Investment Advisors Inc. OH now owns 894,061 shares of the technology company’s stock valued at $8,994,000 after acquiring an additional 186,960 shares during the period. Royce & Associates LP lifted its holdings in QuinStreet by 15.3% in the second quarter. Royce & Associates LP now owns 2,051,589 shares of the technology company’s stock valued at $20,639,000 after acquiring an additional 272,734 shares during the period. SG Americas Securities LLC raised its stake in shares of QuinStreet by 35.3% in the second quarter. SG Americas Securities LLC now owns 27,698 shares of the technology company’s stock worth $279,000 after buying an additional 7,233 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. bought a new position in shares of QuinStreet in the second quarter worth about $143,000. Institutional investors own 91.02% of the company’s stock.

About QuinStreet

(Get Rating)

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 to its clients in the form of qualified clicks, leads, calls, applications, or customers through its websites or third-party publishers.

Further Reading

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