StockNews.com lowered shares of QuinStreet (NASDAQ:QNST - Free Report) from a hold rating to a sell rating in a research report sent to investors on Tuesday.
A number of other analysts also recently commented on QNST. Lake Street Capital boosted their price objective on QuinStreet from $20.00 to $25.00 and gave the stock a "hold" rating in a research note on Tuesday, November 5th. Barrington Research lifted their target price on QuinStreet from $22.00 to $29.00 and gave the stock an "outperform" rating in a report on Tuesday, November 5th. Stephens lifted their target price on QuinStreet from $23.00 to $27.00 and gave the stock an "overweight" rating in a report on Tuesday, November 5th. Craig Hallum lifted their target price on QuinStreet from $25.00 to $32.00 and gave the stock a "buy" rating in a report on Tuesday, November 5th. Finally, B. Riley lifted 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. One investment analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $29.00.
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QuinStreet Stock Down 6.1 %
QuinStreet stock traded down $1.43 during mid-day trading on Tuesday, hitting $21.99. 497,420 shares of the company's stock traded hands, compared to its average volume of 414,033. The firm has a 50 day moving average price of $19.56 and a 200 day moving average price of $18.28. The company has a market cap of $1.23 billion, a PE ratio of -58.55 and a beta of 1.09. QuinStreet has a one year low of $10.46 and a one year high of $26.27.
QuinStreet (NASDAQ:QNST - Get Free Report) last posted its quarterly earnings data on Monday, November 4th. The technology company reported $0.22 EPS for the quarter, topping analysts' consensus estimates 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 company had revenue of $279.22 million for the quarter, compared to the consensus estimate of $222.68 million. During the same quarter in the previous year, the business earned ($0.19) EPS. The company's quarterly revenue was up 125.3% compared to the same quarter last year. On average, analysts expect that QuinStreet will post 0.08 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently bought and sold shares of the company. BNP Paribas Financial Markets lifted its position in shares of QuinStreet by 33.5% in the first quarter. BNP Paribas Financial Markets now owns 47,254 shares of the technology company's stock worth $835,000 after buying an additional 11,857 shares during the last quarter. Texas Permanent School Fund Corp lifted its position in shares of QuinStreet by 1.9% during the 1st quarter. Texas Permanent School Fund Corp now owns 45,638 shares of the technology company's stock worth $806,000 after purchasing an additional 847 shares during the last quarter. ProShare Advisors LLC acquired a new position in shares of QuinStreet during the 1st quarter worth about $188,000. William Blair Investment Management LLC lifted its position in shares of QuinStreet by 0.8% during the 1st quarter. William Blair Investment Management LLC now owns 1,530,761 shares of the technology company's stock worth $27,033,000 after purchasing an additional 12,058 shares during the last quarter. Finally, SageView Advisory Group LLC acquired a new position in shares of QuinStreet during the 1st quarter worth about $60,000. Hedge funds and other institutional investors own 97.83% of the company's stock.
QuinStreet Company Profile
(
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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.
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