QuinStreet (NASDAQ:QNST) Stock Rating Lowered by StockNews.com

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

QNST has been the topic of several other reports. Stephens lifted their price objective on QuinStreet from $23.00 to $27.00 and gave the company an “overweight” rating in a research report on Tuesday, November 5th. Craig Hallum lifted their price target on QuinStreet from $25.00 to $32.00 and gave the company a “buy” rating in a research report on Tuesday, November 5th. Lake Street Capital upped their price target on QuinStreet from $20.00 to $25.00 and gave the stock a “hold” rating in a research note on Tuesday, November 5th. Barrington Research raised their price objective on QuinStreet from $22.00 to $29.00 and gave the company an “outperform” rating in a research report on Tuesday, November 5th. Finally, B. Riley upped their target price on shares of QuinStreet from $24.00 to $32.00 and gave the stock a “buy” rating in a research report on Tuesday, November 5th. One equities 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 company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $29.00.

QuinStreet Stock Down 2.4 %

Shares of QuinStreet stock opened at $20.31 on Tuesday. The business has a 50 day moving average of $19.71 and a 200 day moving average of $18.35. QuinStreet has a 52 week low of $10.88 and a 52 week high of $26.27. The company has a market cap of $1.14 billion, a PE ratio of -50.55 and a beta of 1.09.

QuinStreet (NASDAQ:QNST) last issued its quarterly earnings data on Monday, November 4th. The technology company reported $0.22 EPS for the quarter, topping the consensus estimate of $0.15 by $0.07. The business had revenue of $279.22 million during the quarter, compared to analyst estimates of $222.68 million. QuinStreet had a negative net margin of 2.88% and a negative return on equity of 8.79%. The company’s revenue for the quarter was up 125.3% on a year-over-year basis. During the same period in the prior year, the business earned ($0.19) EPS. On average, research analysts anticipate that QuinStreet will post 0.15 earnings per share for the current year.

Insider Activity

In other news, Director Matthew Glickman sold 30,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $22.63, for a total value of $678,900.00. Following the transaction, the director now owns 113,140 shares in the company, valued at approximately $2,560,358.20. This represents 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. Corporate insiders own 5.00% of the company’s stock.

Hedge Funds Weigh In On QuinStreet

Hedge funds have recently added to or reduced their stakes in the company. US Bancorp DE increased its holdings in shares of QuinStreet by 880.3% in the 3rd quarter. US Bancorp DE now owns 1,392 shares of the technology company’s stock worth $27,000 after purchasing an additional 1,250 shares in the last quarter. Quantbot Technologies LP bought a new stake in QuinStreet in the 3rd quarter worth about $29,000. Quarry LP raised its position in QuinStreet by 11,330.0% in the 2nd quarter. Quarry LP now owns 2,286 shares of the technology company’s stock worth $38,000 after buying an additional 2,266 shares during the last quarter. SageView Advisory Group LLC purchased a new position in QuinStreet in the 1st quarter worth about $60,000. Finally, Victory Capital Management Inc. bought a new position in QuinStreet during the 2nd quarter valued at about $175,000. 97.83% of the stock is currently owned by hedge funds and other 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.