QuinStreet (NASDAQ:QNST) Hits New 52-Week Low – Time to Sell?

QuinStreet, Inc. (NASDAQ:QNST)’s share price hit a new 52-week low during mid-day trading on Monday . The stock traded as low as $14.45 and last traded at $15.01, with a volume of 23510 shares changing hands. The stock had previously closed at $15.55.

Wall Street Analyst Weigh In

A number of research firms have recently commented on QNST. Barrington Research reaffirmed an “outperform” rating and set a $29.00 price objective on shares of QuinStreet in a report on Wednesday, March 26th. B. Riley reaffirmed a “buy” rating and set a $34.00 price objective (up from $32.00) on shares of QuinStreet in a report on Friday, February 7th. Lake Street Capital boosted their price target on QuinStreet from $25.00 to $27.00 and gave the company a “hold” rating in a research note on Friday, February 7th. Finally, StockNews.com upgraded QuinStreet from a “sell” rating to a “hold” rating in a research note on Monday, February 10th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $29.80.

QuinStreet Stock Performance

The firm has a market cap of $866.80 million, a price-to-earnings ratio of -69.91 and a beta of 0.91. The company’s 50-day moving average is $20.29 and its 200-day moving average is $20.88.

QuinStreet (NASDAQ:QNST) last released its quarterly earnings results on Thursday, February 6th. The technology company reported ($0.03) EPS for the quarter, missing the consensus estimate of $0.18 by ($0.21). QuinStreet had a negative net margin of 1.31% and a negative return on equity of 4.13%. On average, analysts predict that QuinStreet, Inc. will post 0.12 EPS for the current year.

Insider Transactions at QuinStreet

In other news, CEO Douglas Valenti sold 10,000 shares of the firm’s stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $25.02, for a total value of $250,200.00. Following the transaction, the chief executive officer now directly owns 1,836,754 shares in the company, valued at $45,955,585.08. This trade represents a 0.54 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Gregory Wong sold 8,516 shares of the company’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $22.88, for a total value of $194,846.08. Following the completion of the sale, the chief financial officer now owns 337,031 shares of the company’s stock, valued at $7,711,269.28. This represents a 2.46 % decrease in their position. The disclosure for this sale can be found here. 5.00% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On QuinStreet

Several institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. grew its holdings in QuinStreet by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 4,002,030 shares of the technology company’s stock valued at $92,327,000 after purchasing an additional 26,169 shares during the period. Driehaus Capital Management LLC increased its holdings in shares of QuinStreet by 28.4% in the fourth quarter. Driehaus Capital Management LLC now owns 2,787,695 shares of the technology company’s stock worth $64,312,000 after acquiring an additional 617,216 shares in the last quarter. FMR LLC lifted its holdings in shares of QuinStreet by 5.2% during the 3rd quarter. FMR LLC now owns 2,233,345 shares of the technology company’s stock valued at $42,724,000 after purchasing an additional 109,892 shares in the last quarter. American Century Companies Inc. grew its position in shares of QuinStreet by 9.9% in the 4th quarter. American Century Companies Inc. now owns 2,228,568 shares of the technology company’s stock valued at $51,413,000 after purchasing an additional 201,052 shares during the period. Finally, State Street Corp increased its stake in QuinStreet by 2.1% during the 3rd 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 in the last quarter. 97.83% of the stock is currently owned by institutional investors and hedge funds.

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.