StockNews.com Upgrades QuinStreet (NASDAQ:QNST) to "Hold"

StockNews.com upgraded shares of QuinStreet (NASDAQ:QNST - Free Report) from a sell rating to a hold rating in a research report sent to investors on Wednesday.

A number of other equities analysts also recently commented on QNST. Barrington Research increased their price objective on shares of QuinStreet from $22.00 to $29.00 and gave the stock an "outperform" rating in a research note on Tuesday, November 5th. B. Riley increased their price target on shares of QuinStreet from $24.00 to $32.00 and gave the company a "buy" rating in a research note on Tuesday, November 5th. Lake Street Capital boosted their price objective on shares of QuinStreet from $20.00 to $25.00 and gave the stock a "hold" rating in a research note on Tuesday, November 5th. Craig Hallum lifted their price target on QuinStreet from $25.00 to $32.00 and gave the stock a "buy" rating in a report on Tuesday, November 5th. Finally, Stephens raised their price objective on QuinStreet from $23.00 to $27.00 and gave the company an "overweight" rating in a research report on Tuesday, November 5th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $29.00.

QuinStreet Stock Up 2.9 %

Shares of QuinStreet stock traded up $0.62 during midday trading on Wednesday, hitting $21.75. The company's stock had a trading volume of 561,253 shares, compared to its average volume of 414,829. The stock has a 50-day simple moving average of $19.81 and a 200-day simple moving average of $18.41. QuinStreet has a 1-year low of $10.92 and a 1-year high of $26.27. The firm has a market capitalization of $1.22 billion, a P/E ratio of -52.83 and a beta of 1.09.

QuinStreet (NASDAQ:QNST - Get Free Report) last announced its quarterly earnings data 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 company had revenue of $279.22 million for the quarter, compared to analyst estimates of $222.68 million. During the same quarter last year, the firm earned ($0.19) EPS. QuinStreet's revenue for the quarter was up 125.3% compared to the same quarter last year. As a group, sell-side analysts predict that QuinStreet will post 0.15 earnings per share for the current year.

Insider Activity at QuinStreet

In related news, Director Matthew Glickman sold 30,000 shares of the business'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 transaction, the director now directly owns 113,140 shares in the company, valued at approximately $2,560,358.20. The trade was a 20.96 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 5.00% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Geode Capital Management LLC grew its stake in QuinStreet by 3.0% during the 3rd quarter. Geode Capital Management LLC now owns 1,270,766 shares of the technology company's stock valued at $24,315,000 after purchasing an additional 36,963 shares during the last quarter. Barclays PLC increased its position in shares of QuinStreet by 149.7% during the third quarter. Barclays PLC now owns 127,404 shares of the technology company's stock worth $2,436,000 after acquiring an additional 76,389 shares during the period. State Street Corp grew its stake in shares of QuinStreet by 2.1% during the third quarter. State Street Corp now owns 1,989,976 shares of the technology company's stock worth $38,068,000 after purchasing an additional 41,538 shares in the last quarter. Quarry LP grew its stake in QuinStreet by 279.7% during the 3rd quarter. Quarry LP now owns 8,681 shares of the technology company's stock worth $166,000 after buying an additional 6,395 shares during the last quarter. Finally, Portolan Capital Management LLC boosted its stake in shares of QuinStreet by 9.6% in the third quarter. Portolan Capital Management LLC now owns 801,693 shares of the technology company's stock valued at $15,336,000 after buying an additional 70,408 shares in the last quarter. 97.83% of the stock is owned by hedge funds and other institutional investors.

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.