QuinStreet (NASDAQ:QNST) Shares Gap Down – What’s Next?

QuinStreet, Inc. (NASDAQ:QNST) shares gapped down prior to trading on Wednesday . The stock had previously closed at $18.00, but opened at $17.26. QuinStreet shares last traded at $17.73, with a volume of 30,379 shares changing hands.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on QNST. Barrington Research reiterated an “outperform” rating and issued a $29.00 target price on shares of QuinStreet in a research note on Wednesday, March 26th. B. Riley restated a “buy” rating and set a $34.00 target price (up from $32.00) on shares of QuinStreet in a report on Friday, February 7th. StockNews.com upgraded QuinStreet from a “sell” rating to a “hold” rating in a research note on Monday, February 10th. Finally, Lake Street Capital boosted their target price on QuinStreet from $25.00 to $27.00 and gave the stock a “hold” rating in a report on Friday, February 7th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $29.80.

QuinStreet Stock Down 1.3 %

The company has a market capitalization of $1.00 billion, a P/E ratio of -81.06 and a beta of 1.13. The firm has a 50-day moving average price of $20.60 and a two-hundred day moving average price of $20.95.

QuinStreet (NASDAQ:QNST) last announced its quarterly earnings data on Thursday, February 6th. The technology company reported ($0.03) EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.21). QuinStreet had a negative return on equity of 4.13% and a negative net margin of 1.31%. On average, analysts predict that QuinStreet, Inc. will post 0.12 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CFO Gregory Wong sold 8,516 shares of QuinStreet stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $22.88, for a total value of $194,846.08. Following the completion of the sale, the chief financial officer now directly owns 337,031 shares in the company, valued at $7,711,269.28. This trade represents a 2.46 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Douglas Valenti sold 10,000 shares of the firm’s stock in a transaction dated 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 in the company, valued at $45,955,585.08. This trade represents a 0.54 % decrease in their position. The disclosure for this sale can be found here. 5.00% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of QNST. State of Alaska Department of Revenue lifted its stake in QuinStreet by 1.4% in the 4th quarter. State of Alaska Department of Revenue now owns 31,976 shares of the technology company’s stock valued at $737,000 after acquiring an additional 432 shares in the last quarter. SG Americas Securities LLC increased its holdings in QuinStreet by 1.8% during the fourth quarter. SG Americas Securities LLC now owns 26,060 shares of the technology company’s stock worth $601,000 after buying an additional 459 shares during the last quarter. Louisiana State Employees Retirement System raised its position in QuinStreet by 1.9% during the fourth quarter. Louisiana State Employees Retirement System now owns 27,200 shares of the technology company’s stock worth $628,000 after acquiring an additional 500 shares in the last quarter. PNC Financial Services Group Inc. lifted its stake in QuinStreet by 43.9% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,808 shares of the technology company’s stock valued at $88,000 after acquiring an additional 1,162 shares during the last quarter. Finally, KBC Group NV increased its stake in shares of QuinStreet by 64.5% during the 4th quarter. KBC Group NV now owns 3,562 shares of the technology company’s stock worth $82,000 after purchasing an additional 1,396 shares during the last quarter. 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.