QuinStreet (NASDAQ:QNST) Downgraded to Hold at BidaskClub

BidaskClub lowered shares of QuinStreet (NASDAQ:QNST) from a buy rating to a hold rating in a research report sent to investors on Tuesday morning, BidAskClub reports.

A number of other research firms also recently weighed in on QNST. Barrington Research reaffirmed a buy rating and issued a $20.00 price target on shares of QuinStreet in a research note on Thursday, May 16th. Singular Research reaffirmed a buy rating on shares of QuinStreet in a research note on Thursday, March 7th. Zacks Investment Research raised shares of QuinStreet from a sell rating to a hold rating in a research note on Thursday, May 16th. Finally, ValuEngine downgraded shares of QuinStreet from a buy rating to a hold rating in a research note on Wednesday, February 20th. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock has a consensus rating of Buy and a consensus target price of $18.63.

QNST opened at $16.13 on Tuesday. The firm has a market capitalization of $804.44 million, a PE ratio of 50.41, a price-to-earnings-growth ratio of 1.59 and a beta of 0.66. QuinStreet has a 12-month low of $12.12 and a 12-month high of $20.02.



QuinStreet (NASDAQ:QNST) last released its earnings results on Thursday, May 9th. The technology company reported $0.02 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.13 by ($0.11). The business had revenue of $116.23 million during the quarter, compared to analysts’ expectations of $119.63 million. QuinStreet had a net margin of 14.50% and a return on equity of 8.30%. As a group, sell-side analysts expect that QuinStreet will post 0.4 EPS for the current fiscal year.

In other QuinStreet news, Director Andrew T. Sheehan sold 100,000 shares of the stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $15.25, for a total transaction of $1,525,000.00. Following the transaction, the director now directly owns 36,621 shares of the company’s stock, valued at $558,470.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Robin Josephs sold 25,000 shares of the stock in a transaction on Friday, June 7th. The stock was sold at an average price of $16.04, for a total transaction of $401,000.00. Following the transaction, the director now directly owns 125,404 shares in the company, valued at $2,011,480.16. The disclosure for this sale can be found here. Corporate insiders own 12.50% of the company’s stock.

Institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. lifted its stake in shares of QuinStreet by 7.5% in the third quarter. Vanguard Group Inc. now owns 2,255,880 shares of the technology company’s stock worth $30,612,000 after acquiring an additional 158,003 shares in the last quarter. Arizona State Retirement System lifted its stake in shares of QuinStreet by 11.0% in the fourth quarter. Arizona State Retirement System now owns 59,207 shares of the technology company’s stock worth $961,000 after acquiring an additional 5,875 shares in the last quarter. Rhumbline Advisers lifted its stake in shares of QuinStreet by 34.4% in the fourth quarter. Rhumbline Advisers now owns 116,480 shares of the technology company’s stock worth $1,890,000 after acquiring an additional 29,790 shares in the last quarter. ClariVest Asset Management LLC lifted its stake in shares of QuinStreet by 54.1% in the fourth quarter. ClariVest Asset Management LLC now owns 146,910 shares of the technology company’s stock worth $2,383,000 after acquiring an additional 51,579 shares in the last quarter. Finally, Fort Washington Investment Advisors Inc. OH acquired a new position in shares of QuinStreet in the fourth quarter worth about $8,034,000. 95.41% of the stock is currently owned by hedge funds and other institutional investors.

About QuinStreet

QuinStreet, Inc, an Internet performance marketing company, provides customer acquisition services for its clients in the United States and internationally. It offers online marketing services to its clients in the form of qualified leads, inquiries, clicks, calls, applications, customers, display advertisements, or impressions through its Websites or third-party publishers.

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Analyst Recommendations for QuinStreet (NASDAQ:QNST)

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