QuinStreet (NASDAQ:QNST) Upgraded by StockNews.com to Hold Rating

QuinStreet (NASDAQ:QNST) was upgraded by research analysts at StockNews.com from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Monday.

Several other research analysts have also commented on QNST. B. Riley reiterated a “buy” rating and issued a $34.00 target price (up previously from $32.00) on shares of QuinStreet in a research report on Friday, February 7th. Barrington Research reiterated an “outperform” rating and set a $29.00 target price on shares of QuinStreet in a research note on Friday, February 7th. Craig Hallum increased their target price on shares of QuinStreet from $25.00 to $32.00 and gave the stock a “buy” rating in a report on Tuesday, November 5th. Lake Street Capital lifted their price target on shares of QuinStreet from $25.00 to $27.00 and gave the company a “hold” rating in a report on Friday, February 7th. Finally, Stephens increased their price target on QuinStreet from $23.00 to $27.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 5th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $29.80.

QuinStreet Trading Up 0.6 %

Shares of NASDAQ:QNST opened at $23.18 on Monday. QuinStreet has a 12-month low of $14.14 and a 12-month high of $26.27. The firm has a market cap of $1.30 billion, a PE ratio of -105.36 and a beta of 1.06. The company has a fifty day simple moving average of $22.74 and a 200 day simple moving average of $20.67.

QuinStreet (NASDAQ:QNST) last issued its earnings results on Thursday, February 6th. The technology company reported ($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.21). QuinStreet had a negative net margin of 1.31% and a negative return on equity of 4.16%. As a group, equities research analysts forecast that QuinStreet will post 0.15 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Stuart Huizinga sold 2,980 shares of QuinStreet stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $23.00, for a total transaction of $68,540.00. Following the sale, the director now directly owns 171,923 shares in the company, valued at $3,954,229. The trade was a 1.70 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Douglas Valenti sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $25.02, for a total transaction of $250,200.00. Following the transaction, the chief executive officer now directly owns 1,836,754 shares in the company, valued at approximately $45,955,585.08. The trade was a 0.54 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 20,000 shares of company stock valued at $481,674 in the last three months. 5.00% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On QuinStreet

Several hedge funds and other institutional investors have recently added to or reduced their stakes in QNST. Vanguard Group Inc. increased its position in shares of QuinStreet by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 4,002,030 shares of the technology company’s stock valued at $92,327,000 after purchasing an additional 26,169 shares during the period. FMR LLC boosted its stake in QuinStreet by 5.2% during the third quarter. FMR LLC now owns 2,233,345 shares of the technology company’s stock valued at $42,724,000 after buying an additional 109,892 shares in the last quarter. American Century Companies Inc. grew its holdings in QuinStreet by 9.9% during the fourth quarter. American Century Companies Inc. now owns 2,228,568 shares of the technology company’s stock worth $51,413,000 after acquiring an additional 201,052 shares during the period. State Street Corp raised its position in QuinStreet by 2.1% in the third quarter. State Street Corp now owns 1,989,976 shares of the technology company’s stock worth $38,068,000 after acquiring an additional 41,538 shares in the last quarter. Finally, Geode Capital Management LLC lifted its holdings in QuinStreet by 3.0% in the 3rd quarter. Geode Capital Management LLC now owns 1,270,766 shares of the technology company’s stock valued at $24,315,000 after acquiring an additional 36,963 shares during the last quarter. Institutional investors own 97.83% of the company’s stock.

QuinStreet Company Profile

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.