QuinStreet, Inc. (NASDAQ:QNST - Get Free Report) shares crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $19.81 and traded as high as $21.51. QuinStreet shares last traded at $21.46, with a volume of 286,673 shares traded.
Analysts Set New Price Targets
A number of equities analysts have recently commented on QNST shares. B. Riley lifted their price target on shares of QuinStreet from $24.00 to $32.00 and gave the stock a "buy" rating in a report on Tuesday, November 5th. Stephens upped their target price on QuinStreet from $23.00 to $27.00 and gave the company an "overweight" rating in a report on Tuesday, November 5th. StockNews.com raised shares of QuinStreet from a "sell" rating to a "hold" rating in a research report on Monday, January 6th. Craig Hallum upped their price objective on shares of QuinStreet from $25.00 to $32.00 and gave the company a "buy" rating in a research note on Tuesday, November 5th. Finally, Barrington Research reissued an "outperform" rating and set a $29.00 target price on shares of QuinStreet in a research note on Friday, December 6th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $29.00.
Check Out Our Latest Report on QNST
QuinStreet Stock Performance
The stock's 50-day moving average price is $22.31 and its 200-day moving average price is $19.81. The company has a market cap of $1.21 billion, a P/E ratio of -53.65 and a beta of 1.07.
QuinStreet (NASDAQ:QNST - Get Free Report) last posted its quarterly earnings results on Monday, November 4th. The technology company reported $0.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.07. The business had revenue of $279.22 million during the quarter, compared to the consensus estimate of $222.68 million. QuinStreet had a negative net margin of 2.88% and a negative return on equity of 8.79%. QuinStreet's revenue was up 125.3% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.19) EPS. On average, research analysts anticipate that QuinStreet, Inc. will post 0.15 earnings per share for the current fiscal year.
Insider Activity
In other news, Director Stuart Huizinga sold 7,020 shares of the firm's stock in a transaction on Monday, November 25th. The stock was sold at an average price of $23.21, for a total transaction of $162,934.20. Following the completion of the sale, the director now directly owns 174,903 shares of the company's stock, valued at $4,059,498.63. This trade represents a 3.86 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, 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 sale, the director now owns 113,140 shares of the company's stock, valued at approximately $2,560,358.20. The trade was a 20.96 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 40,000 shares of company stock worth $910,374 over the last 90 days. 5.00% of the stock is currently owned by corporate insiders.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently bought and sold shares of QNST. US Bancorp DE lifted its stake 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 valued at $27,000 after acquiring an additional 1,250 shares during the last quarter. Quantbot Technologies LP bought a new position in shares of QuinStreet in the third quarter worth approximately $29,000. Quarry LP increased its stake in shares of QuinStreet by 11,330.0% in the second quarter. Quarry LP now owns 2,286 shares of the technology company's stock worth $38,000 after buying an additional 2,266 shares during the period. Victory Capital Management Inc. purchased a new stake in QuinStreet during the 2nd quarter valued at $175,000. Finally, Hsbc Holdings PLC boosted its position in QuinStreet by 26.1% during the 2nd quarter. Hsbc Holdings PLC now owns 14,000 shares of the technology company's stock valued at $225,000 after buying an additional 2,895 shares during the period. 97.83% of the stock is currently owned by institutional investors.
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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