QuinStreet (NASDAQ:QNST) Stock Price Up 5.7% – What’s Next?

Shares of QuinStreet, Inc. (NASDAQ:QNST) were up 5.7% on Tuesday . The stock traded as high as $22.73 and last traded at $22.71. Approximately 81,328 shares traded hands during mid-day trading, a decline of 80% from the average daily volume of 413,612 shares. The stock had previously closed at $21.48.

Analysts Set New Price Targets

A number of brokerages have recently commented on QNST. StockNews.com cut shares of QuinStreet from a “hold” rating to a “sell” rating in a report on Tuesday, December 10th. B. Riley lifted their price objective on shares of QuinStreet from $24.00 to $32.00 and gave the company a “buy” rating in a research note on Tuesday, November 5th. Barrington Research reiterated an “outperform” rating and set a $29.00 target price on shares of QuinStreet in a research note on Friday, December 6th. Craig Hallum boosted their price target on QuinStreet from $25.00 to $32.00 and gave the company a “buy” rating in a research report on Tuesday, November 5th. Finally, Stephens increased their price objective on QuinStreet from $23.00 to $27.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 5th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $29.00.

QuinStreet Stock Up 7.8 %

The firm’s fifty day moving average is $21.19 and its 200-day moving average is $19.06. The stock has a market capitalization of $1.30 billion, a PE ratio of -57.90 and a beta of 1.07.

QuinStreet (NASDAQ:QNST) last posted its quarterly earnings results on Monday, November 4th. The technology company reported $0.22 earnings per share for the quarter, beating analysts’ consensus estimates of $0.15 by $0.07. The firm had revenue of $279.22 million for the quarter, compared to the consensus estimate of $222.68 million. QuinStreet had a negative return on equity of 8.79% and a negative net margin of 2.88%. The company’s revenue for the quarter was up 125.3% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.19) earnings per share. On average, analysts expect that QuinStreet, Inc. will post 0.15 EPS for the current year.

Insider Activity

In other QuinStreet news, Director Matthew Glickman sold 30,000 shares of the company’s stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $22.63, for a total value of $678,900.00. Following the sale, the director now owns 113,140 shares of the company’s stock, valued at $2,560,358.20. This represents a 20.96 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Stuart Huizinga sold 2,980 shares of QuinStreet stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $23.00, for a total value of $68,540.00. Following the transaction, the director now owns 171,923 shares of the company’s stock, 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 40,000 shares of company stock worth $910,374 in the last 90 days. 5.00% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On QuinStreet

Hedge funds and other institutional investors have recently modified their holdings of the company. US Bancorp DE boosted its position in QuinStreet by 880.3% during the third quarter. US Bancorp DE now owns 1,392 shares of the technology company’s stock worth $27,000 after acquiring an additional 1,250 shares during the last quarter. Quantbot Technologies LP acquired a new stake in shares of QuinStreet during the third quarter worth $29,000. Quarry LP grew its position in shares of QuinStreet by 11,330.0% in the second quarter. Quarry LP now owns 2,286 shares of the technology company’s stock valued at $38,000 after purchasing an additional 2,266 shares during the period. Victory Capital Management Inc. acquired a new position in QuinStreet in the second quarter valued at $175,000. Finally, Centiva Capital LP acquired a new position in QuinStreet in the third quarter valued at $244,000. 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.