QuinStreet (NASDAQ:QNST) Upgraded at StockNews.com

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

Several other research analysts have also recently issued reports on QNST. B. Riley raised their price objective on QuinStreet from $24.00 to $32.00 and gave the stock a “buy” rating in a research note on Tuesday, November 5th. Stephens lifted their price objective on shares of QuinStreet from $23.00 to $27.00 and gave the company an “overweight” rating in a research note on Tuesday, November 5th. Barrington Research reaffirmed an “outperform” rating and issued a $29.00 price objective on shares of QuinStreet in a report on Friday, December 6th. Craig Hallum raised their target price on shares of QuinStreet from $25.00 to $32.00 and gave the stock a “buy” rating in a report on Tuesday, November 5th. Finally, Lake Street Capital increased their price target on QuinStreet from $20.00 to $25.00 and gave the stock a “hold” rating in a research report on Tuesday, November 5th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $29.00.

QuinStreet Stock Down 0.4 %

QNST stock opened at $22.25 on Monday. The stock has a market capitalization of $1.25 billion, a PE ratio of -55.63 and a beta of 1.07. QuinStreet has a 52 week low of $11.22 and a 52 week high of $26.27. The firm has a 50 day moving average of $22.23 and a 200 day moving average of $19.66.

QuinStreet (NASDAQ:QNST) last posted its quarterly earnings data on Monday, November 4th. The technology company reported $0.22 EPS for the quarter, topping the consensus estimate of $0.15 by $0.07. The business had revenue of $279.22 million during the quarter, compared to the consensus estimate of $222.68 million. QuinStreet had a negative net margin of 2.88% and a negative return on equity of 8.79%. The business’s revenue for the quarter was up 125.3% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.19) earnings per share. On average, equities research analysts expect that QuinStreet will post 0.15 earnings per share for the current year.

Insider Activity at QuinStreet

In other news, Director Stuart Huizinga sold 7,020 shares of the firm’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $23.21, for a total transaction of $162,934.20. Following the sale, the director now directly owns 174,903 shares in the company, valued at $4,059,498.63. This trade represents a 3.86 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Matthew Glickman sold 30,000 shares of QuinStreet stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $22.63, for a total value of $678,900.00. Following the completion of the transaction, the director now owns 113,140 shares of the company’s stock, valued at approximately $2,560,358.20. This represents a 20.96 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 40,000 shares of company stock worth $910,374. 5.00% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. State Street Corp raised its position in 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 acquiring an additional 41,538 shares during the period. Divisadero Street Capital Management LP purchased a new stake in shares of QuinStreet during the second quarter worth about $6,499,000. Barclays PLC raised its position in shares of QuinStreet by 149.7% during the 3rd quarter. Barclays PLC now owns 127,404 shares of the technology company’s stock worth $2,436,000 after purchasing an additional 76,389 shares during the last quarter. Geode Capital Management LLC lifted its stake in QuinStreet by 3.0% in the 3rd quarter. Geode Capital Management LLC now owns 1,270,766 shares of the technology company’s stock valued at $24,315,000 after buying an additional 36,963 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in QuinStreet by 8.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 495,538 shares of the technology company’s stock worth $9,480,000 after buying an additional 40,236 shares during the last quarter. Hedge funds and other institutional investors own 97.83% of the company’s stock.

About QuinStreet

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.