QuinStreet (NASDAQ:QNST) Upgraded by StockNews.com to "Hold" Rating

QuinStreet (NASDAQ:QNST - Get Free Report) was upgraded by equities research analysts at StockNews.com from a "sell" rating to a "hold" rating in a report released on Monday.

A number of other analysts have also recently weighed in on QNST. Lake Street Capital raised their target price on shares of QuinStreet from $25.00 to $27.00 and gave the stock a "hold" rating in a report on Friday, February 7th. Craig Hallum upped their price target on shares of QuinStreet from $25.00 to $32.00 and gave the company a "buy" rating in a research report on Tuesday, November 5th. Barrington Research restated an "outperform" rating and issued a $29.00 price target on shares of QuinStreet in a research report on Friday, February 7th. Stephens upped their price target on shares of QuinStreet from $23.00 to $27.00 and gave the company an "overweight" rating in a research report on Tuesday, November 5th. Finally, B. Riley restated a "buy" rating and issued a $34.00 price target (up previously from $32.00) on shares of QuinStreet in a research report on Friday, February 7th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, QuinStreet presently has an average rating of "Moderate Buy" and a consensus price target of $29.80.

QuinStreet Price Performance

Shares of QuinStreet stock traded down $0.45 on Monday, hitting $22.63. The company had a trading volume of 373,456 shares, compared to its average volume of 516,908. The business has a 50-day simple moving average of $22.79 and a 200-day simple moving average of $20.74. The company has a market cap of $1.27 billion, a PE ratio of -102.85 and a beta of 1.06. QuinStreet has a 52 week low of $14.14 and a 52 week high of $26.27.

QuinStreet (NASDAQ:QNST - Get Free Report) last issued its earnings results 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 return on equity of 4.16% and a negative net margin of 1.31%. On average, equities research analysts predict that QuinStreet will post 0.15 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Stuart Huizinga sold 7,020 shares of the firm's stock in a transaction 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 transaction, the director now directly owns 174,903 shares in the company, valued at approximately $4,059,498.63. This trade represents a 3.86 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Douglas Valenti sold 10,000 shares of the firm's stock in a transaction on Wednesday, February 5th. The shares were 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 owns 1,836,754 shares in the company, valued at $45,955,585.08. The trade was a 0.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 20,000 shares of company stock worth $481,674. 5.00% of the stock is owned by corporate insiders.

Institutional Trading of QuinStreet

Several hedge funds and other institutional investors have recently bought and sold shares of QNST. Invesco Ltd. grew its position in QuinStreet by 177.8% in the 4th quarter. Invesco Ltd. now owns 946,108 shares of the technology company's stock worth $21,827,000 after purchasing an additional 605,500 shares during the last quarter. Oberweis Asset Management Inc. acquired a new stake in QuinStreet in the 4th quarter worth $5,191,000. American Century Companies Inc. grew its position in QuinStreet by 9.9% in the 4th quarter. American Century Companies Inc. now owns 2,228,568 shares of the technology company's stock worth $51,413,000 after purchasing an additional 201,052 shares during the last quarter. Marshall Wace LLP acquired a new stake in QuinStreet in the 4th quarter worth $4,174,000. Finally, Intrinsic Edge Capital Management LLC acquired a new stake in QuinStreet in the 4th quarter worth $3,691,000. 97.83% of the stock is currently owned by institutional investors and hedge funds.

About QuinStreet

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.