QuinStreet (NASDAQ:QNST) Shares Gap Down – Should You Sell?

QuinStreet, Inc. (NASDAQ:QNST) gapped down before the market opened on Tuesday . The stock had previously closed at $15.28, but opened at $14.95. QuinStreet shares last traded at $15.54, with a volume of 6,646 shares.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. StockNews.com raised shares of QuinStreet from a “sell” rating to a “hold” rating in a report on Monday, February 10th. Lake Street Capital boosted their target price on QuinStreet from $25.00 to $27.00 and gave the stock a “hold” rating in a report on Friday, February 7th. Barrington Research reiterated an “outperform” rating and set a $29.00 target price on shares of QuinStreet in a research report on Wednesday, March 26th. Finally, B. Riley reissued 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. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $29.80.

QuinStreet Stock Up 0.3 %

The business has a 50-day moving average price of $18.53 and a two-hundred day moving average price of $20.57. The company has a market capitalization of $884.30 million, a price-to-earnings ratio of -71.18 and a beta of 0.91.

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

Insider Buying and Selling

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

Hedge Funds Weigh In On QuinStreet

Several large investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its stake in QuinStreet by 39.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 449,589 shares of the technology company’s stock worth $8,601,000 after acquiring an additional 127,689 shares during the last quarter. State Street Corp grew its stake in QuinStreet by 2.1% in the third 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. Barclays PLC increased its holdings in 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 period. Geode Capital Management LLC lifted its stake in QuinStreet by 3.0% in the third quarter. Geode Capital Management LLC now owns 1,270,766 shares of the technology company’s stock worth $24,315,000 after acquiring an additional 36,963 shares during the period. Finally, Allspring Global Investments Holdings LLC purchased a new position in QuinStreet during the fourth quarter valued at approximately $486,000. 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.