QuinStreet (NASDAQ:QNST) Cut to "Sell" at StockNews.com

QuinStreet (NASDAQ:QNST - Get Free Report) was downgraded by equities researchers at StockNews.com from a "hold" rating to a "sell" rating in a research note issued to investors on Tuesday.

Other analysts have also recently issued research reports about the company. B. Riley boosted their target price on QuinStreet from $24.00 to $32.00 and gave the stock a "buy" rating in a report on Tuesday, November 5th. Barrington Research reiterated an "outperform" rating and set a $29.00 price objective on shares of QuinStreet in a research note on Friday. Stephens increased their price objective on shares of QuinStreet from $23.00 to $27.00 and gave the stock an "overweight" rating in a research report on Tuesday, November 5th. Lake Street Capital lifted their target price on shares of QuinStreet from $20.00 to $25.00 and gave the company a "hold" rating in a report on Tuesday, November 5th. Finally, 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. 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. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $29.00.

QuinStreet Price Performance

QNST stock traded down $0.03 on Tuesday, hitting $21.81. 252,671 shares of the company were exchanged, compared to its average volume of 413,297. The stock has a market capitalization of $1.23 billion, a price-to-earnings ratio of -54.53 and a beta of 1.07. The business's fifty day moving average is $20.67 and its two-hundred day moving average is $18.81. QuinStreet has a twelve month low of $11.22 and a twelve month high of $26.27.

QuinStreet (NASDAQ:QNST - Get Free Report) last issued 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 return on equity of 8.79% and a negative net margin of 2.88%. The business had revenue of $279.22 million for the quarter, compared to analyst estimates of $222.68 million. During the same period last year, the company posted ($0.19) EPS. The business's quarterly revenue was up 125.3% on a year-over-year basis. Equities research analysts expect that QuinStreet will post 0.15 earnings per share for the current year.

Insider Transactions at QuinStreet

In other QuinStreet news, Director Matthew Glickman sold 30,000 shares of the firm's stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $22.63, for a total transaction of $678,900.00. Following the completion of the sale, the director now owns 113,140 shares in the company, valued at $2,560,358.20. This trade represents a 20.96 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Stuart Huizinga sold 7,020 shares of the company's stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $23.21, for a total value of $162,934.20. Following the completion of the transaction, the director now directly owns 174,903 shares in the company, valued at approximately $4,059,498.63. The trade was a 3.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 40,000 shares of company stock valued at $910,374. Corporate insiders own 5.00% of the company's stock.

Institutional Trading of QuinStreet

Hedge funds and other institutional investors have recently made changes to their positions in the stock. US Bancorp DE increased its position in shares of QuinStreet by 880.3% in the 3rd quarter. US Bancorp DE now owns 1,392 shares of the technology company's stock worth $27,000 after purchasing an additional 1,250 shares during the last quarter. Quantbot Technologies LP bought a new stake in QuinStreet in the third quarter valued at about $29,000. Quarry LP raised its stake in QuinStreet by 11,330.0% during the second 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. Victory Capital Management Inc. bought a new position in QuinStreet during the 2nd quarter worth approximately $175,000. Finally, Centiva Capital LP acquired a new position in shares of QuinStreet in the 3rd quarter worth approximately $244,000. 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.