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

QuinStreet (NASDAQ:QNST) was downgraded by research analysts at StockNews.com from a “hold” rating to a “sell” rating in a report issued on Tuesday.

A number of other research firms have also commented on QNST. Lake Street Capital increased their price target on QuinStreet from $20.00 to $25.00 and gave the stock a “hold” rating in a research report on Tuesday, November 5th. Barrington Research restated an “outperform” rating and set a $29.00 target price on shares of QuinStreet in a report on Friday, December 6th. Stephens lifted their price target on QuinStreet from $23.00 to $27.00 and gave the company an “overweight” rating in a report on Tuesday, November 5th. Craig Hallum upped their price target on shares of QuinStreet from $25.00 to $32.00 and gave the stock a “buy” rating in a research report on Tuesday, November 5th. Finally, B. Riley raised their price objective on shares of QuinStreet from $24.00 to $32.00 and gave the company a “buy” rating in a research report on Tuesday, November 5th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $29.00.

QuinStreet Trading Down 0.1 %

QNST stock traded down $0.03 during trading on Tuesday, hitting $21.43. The company had a trading volume of 195,552 shares, compared to its average volume of 329,394. The company has a fifty day moving average price of $22.32 and a two-hundred day moving average price of $19.85. QuinStreet has a fifty-two week low of $11.49 and a fifty-two week high of $26.27. The company has a market cap of $1.21 billion, a P/E ratio of -53.58 and a beta of 1.07.

QuinStreet (NASDAQ:QNST) last posted its earnings results on Monday, November 4th. The technology company reported $0.22 earnings per share 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 for the quarter, compared to analyst estimates of $222.68 million. The firm’s quarterly revenue was up 125.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.19) EPS. On average, analysts expect that QuinStreet will post 0.15 earnings per share for the current year.

Insider Buying and Selling

In other news, Director Matthew Glickman sold 30,000 shares of the company’s stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $22.63, for a total value of $678,900.00. Following the completion of the sale, the director now directly owns 113,140 shares of the company’s stock, valued at $2,560,358.20. This represents a 20.96 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Stuart Huizinga sold 2,980 shares of the stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $23.00, for a total transaction of $68,540.00. Following the completion of the sale, the director now owns 171,923 shares in the company, valued at $3,954,229. This represents a 1.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 40,000 shares of company stock worth $910,374 over the last three months. 5.00% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On QuinStreet

Several large investors have recently bought and sold shares of the company. American Century Companies Inc. lifted its holdings in shares of QuinStreet by 27.5% during the 2nd 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 in the last quarter. Divisadero Street Capital Management LP bought a new position in QuinStreet in the second quarter valued at approximately $6,499,000. Driehaus Capital Management LLC boosted its holdings in shares of QuinStreet by 17.6% in the second quarter. Driehaus Capital Management LLC now owns 1,509,937 shares of the technology company’s stock valued at $25,050,000 after buying an additional 225,720 shares during the period. JPMorgan Chase & Co. increased its position in shares of QuinStreet by 39.7% during the third quarter. JPMorgan Chase & Co. now owns 449,589 shares of the technology company’s stock worth $8,601,000 after acquiring an additional 127,689 shares in the last quarter. Finally, Squarepoint Ops LLC increased its position in shares of QuinStreet by 248.7% during the second quarter. Squarepoint Ops LLC now owns 174,367 shares of the technology company’s stock worth $2,893,000 after acquiring an additional 124,367 shares in the last quarter. 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.