Shares of QuinStreet, Inc. (NASDAQ:QNST - Get Free Report) gapped down before the market opened on Wednesday . The stock had previously closed at $18.00, but opened at $17.26. QuinStreet shares last traded at $17.73, with a volume of 30,379 shares.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently commented on the company. B. Riley reaffirmed a "buy" rating and issued a $34.00 price objective (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 price objective on shares of QuinStreet in a report on Wednesday, March 26th. Lake Street Capital boosted their target price 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, StockNews.com raised shares of QuinStreet from a "sell" rating to a "hold" rating in a research note on Monday, February 10th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, QuinStreet has a consensus rating of "Moderate Buy" and a consensus target price of $29.80.
View Our Latest Analysis on QNST
QuinStreet Stock Down 1.5 %
The firm has a market cap of $864.99 million, a price-to-earnings ratio of -69.45 and a beta of 0.91. The business has a 50 day moving average price of $20.29 and a 200-day moving average price of $20.88.
QuinStreet (NASDAQ:QNST - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The technology company reported ($0.03) earnings per share 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 4.13%. Research analysts anticipate that QuinStreet, Inc. will post 0.12 earnings per share for the current fiscal year.
Insider Transactions at QuinStreet
In other news, CFO Gregory Wong sold 8,516 shares of QuinStreet stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $22.88, for a total value of $194,846.08. Following the completion of the transaction, the chief financial officer now owns 337,031 shares in the company, valued at approximately $7,711,269.28. This trade represents a 2.46 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Douglas Valenti sold 10,000 shares of QuinStreet stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $25.02, for a total transaction of $250,200.00. Following the completion of the transaction, the chief executive officer now directly owns 1,836,754 shares of the company's stock, valued at approximately $45,955,585.08. This represents a 0.54 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 5.00% of the company's stock.
Institutional Trading of QuinStreet
Institutional investors and hedge funds have recently made changes to their positions in the stock. Quantbot Technologies LP bought a new stake in QuinStreet in the third quarter valued at $29,000. Arcadia Investment Management Corp MI acquired a new position in shares of QuinStreet during the fourth quarter worth approximately $38,000. KBC Group NV grew its holdings in QuinStreet by 64.5% in the 4th quarter. KBC Group NV now owns 3,562 shares of the technology company's stock worth $82,000 after buying an additional 1,396 shares in the last quarter. PNC Financial Services Group Inc. increased its position in QuinStreet by 43.9% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,808 shares of the technology company's stock valued at $88,000 after acquiring an additional 1,162 shares during the period. Finally, Steward Partners Investment Advisory LLC acquired a new stake in QuinStreet in the 4th quarter valued at approximately $112,000. 97.83% of the stock is currently owned by institutional investors and hedge funds.
About QuinStreet
(
Get Free Report)
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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