QuinStreet (NASDAQ:QNST) Sets New 1-Year High at $19.07

QuinStreet, Inc. (NASDAQ:QNST) reached a new 52-week high on Thursday . The company traded as high as $19.07 and last traded at $18.63, with a volume of 94579 shares trading hands. The stock had previously closed at $17.89.

Analysts Set New Price Targets

A number of analysts have recently commented on QNST shares. Barrington Research upped their target price on QuinStreet from $16.00 to $20.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 23rd. StockNews.com upgraded QuinStreet to a “sell” rating in a research report on Saturday, April 13th. B. Riley initiated coverage on shares of QuinStreet in a research note on Friday, April 19th. They set a “buy” rating and a $21.50 price objective on the stock. Finally, Stephens boosted their target price on shares of QuinStreet from $17.00 to $18.00 and gave the company an “overweight” rating in a research note on Friday, March 15th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $17.38.

QuinStreet Price Performance

The firm has a fifty day simple moving average of $16.61 and a 200 day simple moving average of $13.83.

QuinStreet (NASDAQ:QNST) last announced its earnings results on Wednesday, February 7th. The technology company reported ($0.21) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.05). QuinStreet had a negative net margin of 14.28% and a negative return on equity of 32.98%. The business had revenue of $122.68 million for the quarter, compared to analysts’ expectations of $116.46 million. Equities research analysts anticipate that QuinStreet, Inc. will post -0.43 EPS for the current year.

Insider Activity

In related news, CFO Gregory Wong sold 8,407 shares of the company’s stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $15.03, for a total transaction of $126,357.21. Following the completion of the transaction, the chief financial officer now owns 295,204 shares in the company, valued at approximately $4,436,916.12. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Company insiders own 5.30% of the company’s stock.

Institutional Investors Weigh In On QuinStreet

Several large investors have recently bought and sold shares of QNST. Private Capital Management LLC lifted its position in shares of QuinStreet by 1.4% in the fourth quarter. Private Capital Management LLC now owns 4,503,159 shares of the technology company’s stock valued at $57,730,000 after acquiring an additional 62,095 shares in the last quarter. Vanguard Group Inc. lifted its holdings in QuinStreet by 1.2% in the 3rd quarter. Vanguard Group Inc. now owns 3,638,715 shares of the technology company’s stock valued at $32,639,000 after purchasing an additional 41,801 shares in the last quarter. William Blair Investment Management LLC boosted its stake in QuinStreet by 2.9% during the 3rd quarter. William Blair Investment Management LLC now owns 2,182,365 shares of the technology company’s stock worth $19,576,000 after purchasing an additional 61,717 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of QuinStreet by 6.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,866,930 shares of the technology company’s stock worth $23,934,000 after buying an additional 114,980 shares in the last quarter. Finally, FMR LLC grew its holdings in shares of QuinStreet by 46.8% during the third quarter. FMR LLC now owns 1,814,168 shares of the technology company’s stock worth $16,273,000 after buying an additional 578,228 shares in the last quarter. 97.83% of the stock is currently owned by hedge funds and other institutional investors.

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.