QuinStreet (NASDAQ:QNST) Downgraded by StockNews.com to Sell

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

Other analysts also recently issued reports about the stock. Lake Street Capital lifted their price objective on shares of QuinStreet from $20.00 to $25.00 and gave the company a “hold” rating in a research report on Tuesday, November 5th. Craig Hallum boosted their price objective on QuinStreet from $25.00 to $32.00 and gave the stock a “buy” rating in a research report on Tuesday, November 5th. Barrington Research reissued an “outperform” rating and issued a $29.00 price objective on shares of QuinStreet in a report on Friday, December 6th. Stephens lifted their target price on QuinStreet from $23.00 to $27.00 and gave the company an “overweight” rating in a research note on Tuesday, November 5th. Finally, B. Riley increased their price target on QuinStreet from $24.00 to $32.00 and gave the stock a “buy” rating in a research note on Tuesday, November 5th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $29.00.

QuinStreet Stock Down 0.1 %

Shares of QNST stock opened at $21.43 on Tuesday. The company has a market cap of $1.21 billion, a P/E ratio of -53.58 and a beta of 1.07. The business has a 50 day moving average of $22.32 and a two-hundred day moving average of $19.85. QuinStreet has a 52 week low of $11.49 and a 52 week high of $26.27.

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

Insider Activity

In other QuinStreet news, Director Stuart Huizinga sold 2,980 shares of the company’s stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $23.00, for a total value of $68,540.00. Following the completion of the sale, the director now directly owns 171,923 shares of the company’s stock, valued at approximately $3,954,229. This represents a 1.70 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Matthew Glickman sold 30,000 shares of the firm’s stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $22.63, for a total transaction of $678,900.00. Following the transaction, the director now 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 position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 40,000 shares of company stock worth $910,374. 5.00% of the stock is owned by company insiders.

Institutional Trading of QuinStreet

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Rhumbline Advisers increased its holdings in shares of QuinStreet by 1.1% in the second quarter. Rhumbline Advisers now owns 156,530 shares of the technology company’s stock valued at $2,597,000 after buying an additional 1,652 shares in the last quarter. Victory Capital Management Inc. acquired a new position in shares of QuinStreet in the 2nd quarter worth $175,000. Texas Permanent School Fund Corp raised its position in shares of QuinStreet by 21.0% during the second quarter. Texas Permanent School Fund Corp now owns 55,240 shares of the technology company’s stock worth $916,000 after purchasing an additional 9,602 shares during the period. American Century Companies Inc. lifted its holdings in shares of QuinStreet by 27.5% during the second 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 last quarter. Finally, Hsbc Holdings PLC boosted its position in shares of QuinStreet by 26.1% in the 2nd quarter. Hsbc Holdings PLC now owns 14,000 shares of the technology company’s stock valued at $225,000 after purchasing an additional 2,895 shares during the period. 97.83% of the stock is 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.