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

StockNews.com upgraded shares of QuinStreet (NASDAQ:QNST) from a sell rating to a hold rating in a research note released on Monday morning.

Other analysts have also recently issued reports about the stock. Barrington Research reissued an “outperform” rating and issued a $29.00 price objective on shares of QuinStreet in a research note on Friday, February 7th. B. Riley reissued a “buy” rating and issued a $34.00 price objective (up from $32.00) on shares of QuinStreet in a research note on Friday, February 7th. 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 note on Tuesday, November 5th. Stephens increased their price objective on shares of QuinStreet from $23.00 to $27.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 5th. Finally, Lake Street Capital increased their price objective on shares of QuinStreet from $25.00 to $27.00 and gave the stock a “hold” rating in a research note on Friday, February 7th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $29.80.

QuinStreet Trading Down 0.9 %

QNST opened at $22.96 on Monday. QuinStreet has a 1-year low of $14.14 and a 1-year high of $26.27. The company has a market capitalization of $1.29 billion, a PE ratio of -104.36 and a beta of 1.06. The firm’s 50 day simple moving average is $22.76 and its two-hundred day simple moving average is $20.70.

QuinStreet (NASDAQ:QNST) last released its quarterly earnings results on Thursday, February 6th. The technology company reported ($0.03) earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.21). QuinStreet had a negative return on equity of 4.16% and a negative net margin of 1.31%. Equities analysts forecast that QuinStreet will post 0.15 earnings per share for the current fiscal year.

Insider Activity at QuinStreet

In related news, 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 directly owns 1,836,754 shares of the company’s stock, valued at approximately $45,955,585.08. This trade represents a 0.54 % decrease in their ownership of the stock. The transaction was disclosed in a legal 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 shares were sold at an average price of $23.00, for a total transaction of $68,540.00. Following the transaction, the director now directly owns 171,923 shares of the company’s stock, valued at $3,954,229. The trade was a 1.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 20,000 shares of company stock valued at $481,674. Corporate insiders own 5.00% of the company’s stock.

Hedge Funds Weigh In On QuinStreet

Several institutional investors have recently bought and sold shares of the business. ExodusPoint Capital Management LP bought a new position in QuinStreet during the fourth quarter valued at $1,014,000. Geode Capital Management LLC lifted its position in QuinStreet by 2.1% during the fourth quarter. Geode Capital Management LLC now owns 1,297,160 shares of the technology company’s stock valued at $29,933,000 after purchasing an additional 26,394 shares during the last quarter. Alliancebernstein L.P. lifted its position in QuinStreet by 9.2% during the fourth quarter. Alliancebernstein L.P. now owns 58,000 shares of the technology company’s stock valued at $1,338,000 after purchasing an additional 4,900 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its position in QuinStreet by 45.3% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 381,941 shares of the technology company’s stock valued at $8,811,000 after purchasing an additional 119,154 shares during the last quarter. Finally, Maridea Wealth Management LLC bought a new position in QuinStreet during the fourth quarter valued at $242,000. 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.