QuinStreet (NASDAQ:QNST) Downgraded to “Sell” Rating by StockNews.com

QuinStreet (NASDAQ:QNST) was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Tuesday.

QNST has been the topic of several other research reports. Stephens upped their price objective on QuinStreet from $23.00 to $27.00 and gave the company an “overweight” rating in a research note on Tuesday, November 5th. Lake Street Capital increased their price target on QuinStreet from $20.00 to $25.00 and gave the company a “hold” rating in a research note on Tuesday, November 5th. B. Riley raised their price target on QuinStreet from $24.00 to $32.00 and gave the company a “buy” rating in a report on Tuesday, November 5th. 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 report on Tuesday, November 5th. Finally, Barrington Research restated an “outperform” rating and set a $29.00 target price on shares of QuinStreet in a research note on Friday, December 6th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $29.00.

QuinStreet Stock Down 0.1 %

QNST traded down $0.03 during trading hours on Tuesday, hitting $21.43. 195,552 shares of the company’s stock were exchanged, compared to its average volume of 329,394. QuinStreet has a 1-year low of $11.49 and a 1-year high of $26.27. The stock’s 50-day moving average is $22.32 and its two-hundred day moving average is $19.85. The stock has a market cap of $1.21 billion, a price-to-earnings ratio of -53.58 and a beta of 1.07.

QuinStreet (NASDAQ:QNST) last announced its quarterly earnings data on Monday, November 4th. The technology company reported $0.22 earnings per share (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 analysts’ expectations of $222.68 million. During the same quarter in the prior year, the business posted ($0.19) EPS. The business’s revenue was up 125.3% compared to the same quarter last year. On average, equities research analysts anticipate that QuinStreet will post 0.15 EPS for the current year.

Insider Transactions 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 value of $678,900.00. Following the completion of the sale, 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Stuart Huizinga sold 2,980 shares of the firm’s stock in a transaction on Friday, November 29th. The stock was sold at an average price of $23.00, for a total value of $68,540.00. Following the transaction, the director now owns 171,923 shares in the company, valued at approximately $3,954,229. This trade represents a 1.70 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 40,000 shares of company stock valued at $910,374. 5.00% of the stock is currently owned by corporate insiders.

Institutional Trading of QuinStreet

A number of institutional investors have recently modified their holdings of QNST. US Bancorp DE raised its stake in QuinStreet by 880.3% in the third quarter. US Bancorp DE now owns 1,392 shares of the technology company’s stock valued at $27,000 after purchasing an additional 1,250 shares in the last quarter. Quantbot Technologies LP bought a new position in QuinStreet in the 3rd quarter valued at about $29,000. Quarry LP raised its position in shares of QuinStreet by 11,330.0% in the 2nd quarter. Quarry LP now owns 2,286 shares of the technology company’s stock valued at $38,000 after buying an additional 2,266 shares in the last quarter. Victory Capital Management Inc. bought a new stake in shares of QuinStreet during the 2nd quarter worth approximately $175,000. Finally, Hsbc Holdings PLC boosted its position in shares of QuinStreet by 26.1% during the 2nd quarter. Hsbc Holdings PLC now owns 14,000 shares of the technology company’s stock worth $225,000 after acquiring an additional 2,895 shares in the last quarter. 97.83% of the stock is currently owned by institutional investors.

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.