ValuEngine Downgrades QuinStreet (NASDAQ:QNST) to Hold

ValuEngine lowered shares of QuinStreet (NASDAQ:QNST) from a buy rating to a hold rating in a research report released on Thursday morning, ValuEngine reports.

Other analysts have also recently issued research reports about the stock. Barrington Research reiterated a buy rating and issued a $16.00 price target on shares of QuinStreet in a research note on Thursday, February 6th. BidaskClub cut shares of QuinStreet from a sell rating to a strong sell rating in a research note on Saturday, February 1st. Finally, Zacks Investment Research cut shares of QuinStreet from a buy rating to a hold rating in a research note on Thursday, January 23rd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the company’s stock. The company presently has an average rating of Buy and an average target price of $18.40.

Shares of QNST stock traded down $0.05 during mid-day trading on Thursday, reaching $14.82. 347,882 shares of the company’s stock traded hands, compared to its average volume of 516,716. QuinStreet has a 12 month low of $10.15 and a 12 month high of $17.13. The firm has a 50 day moving average price of $14.52 and a two-hundred day moving average price of $13.81. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.73 and a current ratio of 1.83. The firm has a market capitalization of $743.93 million, a PE ratio of 114.01, a price-to-earnings-growth ratio of 1.77 and a beta of 0.75.

QuinStreet (NASDAQ:QNST) last issued its quarterly earnings data on Wednesday, February 5th. The technology company reported $0.12 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.12. The firm had revenue of $118.10 million during the quarter, compared to the consensus estimate of $114.31 million. QuinStreet had a net margin of 1.46% and a return on equity of 3.13%. The company’s revenue for the quarter was up 13.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.12 EPS. As a group, equities analysts expect that QuinStreet will post 0.33 earnings per share for the current fiscal year.

In other news, CFO Gregory Wong sold 34,534 shares of the company’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $15.27, for a total transaction of $527,334.18. Following the sale, the chief financial officer now directly owns 255,641 shares in the company, valued at approximately $3,903,638.07. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Douglas Valenti sold 37,788 shares of the company’s stock in a transaction dated Thursday, December 19th. The shares were sold at an average price of $15.51, for a total transaction of $586,091.88. Following the sale, the chief executive officer now owns 318,750 shares in the company, valued at $4,943,812.50. The disclosure for this sale can be found here. Insiders have sold a total of 270,780 shares of company stock worth $4,099,392 over the last 90 days. Corporate insiders own 11.10% of the company’s stock.

Large investors have recently bought and sold shares of the stock. PNC Financial Services Group Inc. lifted its holdings in shares of QuinStreet by 56.9% during the 4th quarter. PNC Financial Services Group Inc. now owns 4,160 shares of the technology company’s stock worth $64,000 after acquiring an additional 1,509 shares during the period. Pacer Advisors Inc. purchased a new position in QuinStreet in the third quarter valued at approximately $135,000. Royal Bank of Canada raised its holdings in QuinStreet by 74.9% in the second quarter. Royal Bank of Canada now owns 9,650 shares of the technology company’s stock valued at $153,000 after buying an additional 4,132 shares during the period. Miles Capital Inc. purchased a new position in QuinStreet in the fourth quarter valued at approximately $166,000. Finally, Municipal Employees Retirement System of Michigan raised its holdings in QuinStreet by 18.9% in the third quarter. Municipal Employees Retirement System of Michigan now owns 13,760 shares of the technology company’s stock valued at $173,000 after buying an additional 2,190 shares during the period. 96.90% of the stock is owned by 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.

See Also: Balance Sheet

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for QuinStreet (NASDAQ:QNST)

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