QuinStreet (NASDAQ:QNST) Stock Price Down 5.1% – Time to Sell?

QuinStreet, Inc. (NASDAQ:QNST)’s stock price traded down 5.1% on Tuesday . The company traded as low as $20.93 and last traded at $20.90. Approximately 636,138 shares traded hands during trading, a decline of 23% from the average daily volume of 823,156 shares. The stock had previously closed at $22.02.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on QNST. Zacks Research raised shares of QuinStreet from a “strong sell” rating to a “hold” rating in a research report on Thursday, July 30th. B. Riley Financial reissued a “buy” rating on shares of QuinStreet in a report on Friday. Weiss Ratings raised QuinStreet from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, July 9th. Wall Street Zen upgraded QuinStreet from a “hold” rating to a “buy” rating in a research report on Saturday, August 1st. Finally, Lake Street Capital raised QuinStreet from a “hold” rating to a “buy” rating and set a $21.00 price target on the stock in a report on Friday. Four analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $22.00.

QuinStreet Stock Down 6.4%

The firm’s 50 day simple moving average is $14.96 and its 200 day simple moving average is $13.21. The company has a market cap of $1.18 billion, a price-to-earnings ratio of 14.59 and a beta of 0.66. The company has a quick ratio of 1.18, a current ratio of 1.22 and a debt-to-equity ratio of 0.22.

QuinStreet (NASDAQ:QNST) last issued its quarterly earnings data on Thursday, August 6th. The technology company reported $0.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.44 by $0.06. The business had revenue of $373.88 million during the quarter, compared to the consensus estimate of $359.95 million. QuinStreet had a return on equity of 12.73% and a net margin of 6.28%. Sell-side analysts anticipate that QuinStreet, Inc. will post 0.94 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CFO Gregory Wong sold 10,338 shares of the business’s stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $15.00, for a total transaction of $155,070.00. Following the sale, the chief financial officer owned 390,344 shares of the company’s stock, valued at $5,855,160. The trade was a 2.58% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 5.00% of the stock is currently owned by insiders.

Institutional Trading of QuinStreet

A number of hedge funds and other institutional investors have recently modified their holdings of the company. GAMMA Investing LLC grew its holdings in QuinStreet by 17.0% during the second quarter. GAMMA Investing LLC now owns 4,457 shares of the technology company’s stock worth $65,000 after acquiring an additional 649 shares during the period. Farther Finance Advisors LLC boosted its position in shares of QuinStreet by 10.2% during the 4th quarter. Farther Finance Advisors LLC now owns 7,896 shares of the technology company’s stock valued at $113,000 after purchasing an additional 730 shares in the last quarter. PNC Financial Services Group Inc. grew its stake in shares of QuinStreet by 54.4% in the 1st quarter. PNC Financial Services Group Inc. now owns 3,027 shares of the technology company’s stock worth $36,000 after purchasing an additional 1,066 shares during the last quarter. Entropy Technologies LP raised its holdings in shares of QuinStreet by 10.0% in the 3rd quarter. Entropy Technologies LP now owns 14,063 shares of the technology company’s stock worth $218,000 after purchasing an additional 1,284 shares in the last quarter. Finally, Captrust Financial Advisors lifted its stake in QuinStreet by 0.8% during the fourth quarter. Captrust Financial Advisors now owns 173,144 shares of the technology company’s stock valued at $2,488,000 after purchasing an additional 1,379 shares during the last quarter. Institutional investors own 97.83% of the company’s stock.

QuinStreet Company Profile

QuinStreet, Inc operates a technology-based performance marketing platform that connects companies with prospective customers across multiple verticals. The company specializes in data-driven lead generation for financial services, education, insurance, healthcare, and home services firms. By leveraging proprietary targeting algorithms and real-time analytics, QuinStreet manages customized digital marketing campaigns to optimize customer acquisition and retention for its clients.

Through a portfolio of consumer-facing websites and comparison platforms, QuinStreet delivers targeted visitors who are actively researching products and services.