QuinStreet (NASDAQ:QNST) Cut to “Sell” at StockNews.com

StockNews.com downgraded shares of QuinStreet (NASDAQ:QNST) from a hold rating to a sell rating in a report released on Tuesday.

Several other equities research analysts also recently weighed in on the stock. Lake Street Capital increased their target price on shares of QuinStreet from $20.00 to $25.00 and gave the company a “hold” rating in a research note on Tuesday, November 5th. Craig Hallum increased their price objective on shares of QuinStreet from $25.00 to $32.00 and gave the stock a “buy” rating in a research report on Tuesday, November 5th. Barrington Research upped their target price on QuinStreet from $22.00 to $29.00 and gave the company an “outperform” rating in a research note on Tuesday, November 5th. Stephens raised their price target on QuinStreet from $23.00 to $27.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 5th. Finally, B. Riley increased their target price on QuinStreet from $24.00 to $32.00 and gave the stock a “buy” rating in a research note on Tuesday, November 5th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $29.00.

QuinStreet Trading Down 3.3 %

Shares of QNST stock opened at $20.82 on Tuesday. QuinStreet has a fifty-two week low of $10.88 and a fifty-two week high of $26.27. The stock has a 50 day simple moving average of $19.68 and a two-hundred day simple moving average of $18.33.

QuinStreet (NASDAQ:QNST) last issued 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 analysts’ expectations of $222.68 million. During the same period in the previous year, the firm posted ($0.19) earnings per share. The firm’s revenue for the quarter was up 125.3% on a year-over-year basis. On average, analysts forecast that QuinStreet will post 0.15 earnings per share for the current year.

Insider Buying and Selling at QuinStreet

In other news, Director Matthew Glickman sold 30,000 shares of the stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $22.63, for a total transaction of $678,900.00. Following the transaction, the director now directly owns 113,140 shares in the company, valued at approximately $2,560,358.20. This trade represents a 20.96 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 5.00% of the stock is currently owned by corporate insiders.

Institutional Trading of QuinStreet

Hedge funds have recently bought and sold shares of the stock. BNP Paribas Financial Markets raised its position in shares of QuinStreet by 33.5% in the 1st quarter. BNP Paribas Financial Markets now owns 47,254 shares of the technology company’s stock worth $835,000 after acquiring an additional 11,857 shares in the last quarter. Texas Permanent School Fund Corp boosted its holdings in shares of QuinStreet by 1.9% in the 1st quarter. Texas Permanent School Fund Corp now owns 45,638 shares of the technology company’s stock valued at $806,000 after buying an additional 847 shares in the last quarter. ProShare Advisors LLC purchased a new position in shares of QuinStreet in the 1st quarter worth approximately $188,000. William Blair Investment Management LLC lifted its position in QuinStreet by 0.8% during the first quarter. William Blair Investment Management LLC now owns 1,530,761 shares of the technology company’s stock valued at $27,033,000 after acquiring an additional 12,058 shares during the last quarter. Finally, SageView Advisory Group LLC acquired a new stake in QuinStreet in the first quarter valued at approximately $60,000. Hedge funds and other institutional investors own 97.83% of the company’s stock.

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.