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 issued on Monday.

A number of other brokerages have also recently weighed in on QNST. Barrington Research restated an “outperform” rating and issued a $29.00 price objective on shares of QuinStreet in a report on Friday, February 7th. Craig Hallum upped their price objective on shares of QuinStreet from $25.00 to $32.00 and gave the stock a “buy” rating in a report on Tuesday, November 5th. Lake Street Capital upped their price objective on shares of QuinStreet from $25.00 to $27.00 and gave the stock a “hold” rating in a report on Friday, February 7th. B. Riley restated a “buy” rating and issued a $34.00 price objective (up previously from $32.00) on shares of QuinStreet in a report on Friday, February 7th. Finally, Stephens upped their price objective on shares of QuinStreet from $23.00 to $27.00 and gave the stock an “overweight” rating in a report on Tuesday, November 5th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $29.80.

QuinStreet Price Performance

Shares of NASDAQ QNST opened at $22.96 on Monday. QuinStreet has a 1 year low of $14.14 and a 1 year high of $26.27. The company’s 50-day moving average is $22.76 and its 200 day moving average is $20.70. The stock has a market capitalization of $1.29 billion, a P/E ratio of -104.36 and a beta of 1.06.

QuinStreet (NASDAQ:QNST) last announced its quarterly earnings results on Thursday, February 6th. The technology company reported ($0.03) earnings per share (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 4.16%. Research analysts anticipate that QuinStreet will post 0.15 earnings per share for the current year.

Insider Transactions at QuinStreet

In other news, CEO Douglas Valenti sold 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $25.02, for a total value of $250,200.00. Following the transaction, the chief executive officer now owns 1,836,754 shares in the company, valued at approximately $45,955,585.08. This represents a 0.54 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Stuart Huizinga sold 2,980 shares of the company’s stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $23.00, for a total transaction of $68,540.00. Following the completion of the transaction, the director now owns 171,923 shares in the company, valued at approximately $3,954,229. This represents a 1.70 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 20,000 shares of company stock worth $481,674. Corporate 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. The Manufacturers Life Insurance Company lifted its position in QuinStreet by 3.6% during the second quarter. The Manufacturers Life Insurance Company now owns 20,539 shares of the technology company’s stock valued at $341,000 after purchasing an additional 719 shares during the period. SG Americas Securities LLC bought a new position in QuinStreet during the third quarter valued at approximately $490,000. Inspire Investing LLC bought a new position in QuinStreet during the third quarter valued at approximately $817,000. Everence Capital Management Inc. bought a new position in QuinStreet during the third quarter valued at approximately $303,000. Finally, Riverwater Partners LLC bought a new position in QuinStreet during the third quarter valued at approximately $289,000. 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.