QuinStreet (NASDAQ:QNST) Shares Gap Down - Time to Sell?

QuinStreet, Inc. (NASDAQ:QNST - Get Free Report)'s share price gapped down prior to trading on Monday . The stock had previously closed at $19.91, but opened at $19.22. QuinStreet shares last traded at $19.68, with a volume of 7,993 shares changing hands.

Analyst Ratings Changes

A number of brokerages recently commented on QNST. StockNews.com cut shares of QuinStreet from a "hold" rating to a "sell" rating in a research report on Thursday. B. Riley upped their target price on QuinStreet from $21.50 to $24.00 and gave the company a "buy" rating in a report on Friday, August 9th. Craig Hallum lifted their price target on shares of QuinStreet from $22.00 to $25.00 and gave the company a "buy" rating in a report on Friday, August 9th. Finally, Barrington Research reissued an "outperform" rating and set a $22.00 price objective on shares of QuinStreet in a research report on Friday, August 9th. One investment analyst has rated the stock with a sell rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $22.25.

QuinStreet Stock Performance

The stock has a market cap of $1.13 billion, a P/E ratio of -35.09 and a beta of 1.09. The firm has a 50-day moving average price of $19.20 and a 200-day moving average price of $18.06.

QuinStreet (NASDAQ:QNST - Get Free Report) last announced its quarterly earnings data on Thursday, August 8th. The technology company reported $0.11 EPS for the quarter, beating the consensus estimate of $0.10 by $0.01. The business had revenue of $198.32 million during the quarter, compared to analyst estimates of $186.39 million. QuinStreet had a negative return on equity of 13.00% and a negative net margin of 5.11%. The company's revenue for the quarter was up 52.2% on a year-over-year basis. During the same quarter last year, the firm posted ($1.03) earnings per share. On average, research analysts predict that QuinStreet, Inc. will post 0.08 earnings per share for the current year.

Institutional Investors Weigh In On QuinStreet

Hedge funds have recently bought and sold shares of the business. US Bancorp DE lifted its holdings in shares of QuinStreet by 880.3% during the third quarter. US Bancorp DE now owns 1,392 shares of the technology company's stock valued at $27,000 after purchasing an additional 1,250 shares during the last quarter. Quarry LP increased its position in QuinStreet by 11,330.0% during the 2nd quarter. Quarry LP now owns 2,286 shares of the technology company's stock valued at $38,000 after buying an additional 2,266 shares in the last quarter. SageView Advisory Group LLC purchased a new position in QuinStreet during the first quarter valued at $60,000. RiverPark Advisors LLC bought a new stake in QuinStreet in the first quarter worth $127,000. Finally, Victory Capital Management Inc. purchased a new stake in shares of QuinStreet in the second quarter worth $175,000. 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.