QuinStreet (NASDAQ:QNST) Rating Lowered to “Sell” at StockNews.com

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

A number of other research firms also recently commented on QNST. Barrington Research lifted their target price on QuinStreet from $22.00 to $29.00 and gave the stock an “outperform” rating in a report on Tuesday, November 5th. Stephens boosted their target price on shares of QuinStreet from $23.00 to $27.00 and gave the company an “overweight” rating in a research report on Tuesday, November 5th. B. Riley increased their price target on QuinStreet from $24.00 to $32.00 and gave the stock a “buy” rating in a research report on Tuesday, November 5th. Lake Street Capital lifted their target price on shares of QuinStreet from $20.00 to $25.00 and gave the company a “hold” rating in a report on Tuesday, November 5th. Finally, Craig Hallum lifted their price objective on shares of QuinStreet from $25.00 to $32.00 and gave the company a “buy” rating in a report on Tuesday, November 5th. One research analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, QuinStreet presently has a consensus rating of “Moderate Buy” and a consensus price target of $29.00.

QuinStreet Trading Down 3.3 %

QNST stock opened at $20.82 on Tuesday. QuinStreet has a 52 week low of $10.88 and a 52 week high of $26.27. The firm has a 50 day moving average of $19.68 and a 200 day moving average of $18.33.

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. QuinStreet had a negative net margin of 2.88% and a negative return on equity of 8.79%. The business had revenue of $279.22 million during the quarter, compared to the consensus estimate of $222.68 million. During the same period in the previous year, the firm posted ($0.19) earnings per share. The business’s revenue for the quarter was up 125.3% compared to the same quarter last year. As a group, analysts predict that QuinStreet will post 0.15 EPS for the current fiscal year.

Insider Buying and Selling at QuinStreet

In other news, Director Matthew Glickman sold 30,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $22.63, for a total value of $678,900.00. Following the transaction, the director now owns 113,140 shares in the company, valued at $2,560,358.20. This trade represents a 20.96 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 5.00% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in QNST. US Bancorp DE raised its position in shares of QuinStreet by 880.3% in the third quarter. US Bancorp DE now owns 1,392 shares of the technology company’s stock valued at $27,000 after buying an additional 1,250 shares during the last quarter. Quantbot Technologies LP acquired a new stake in QuinStreet in the 3rd quarter valued at about $29,000. Quarry LP boosted its holdings in shares of QuinStreet by 11,330.0% during the 2nd quarter. Quarry LP now owns 2,286 shares of the technology company’s stock worth $38,000 after purchasing an additional 2,266 shares during the last quarter. SageView Advisory Group LLC purchased a new stake in shares of QuinStreet in the first quarter valued at approximately $60,000. Finally, Victory Capital Management Inc. acquired a new stake in shares of QuinStreet in the second quarter valued at approximately $175,000. 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.