QuinStreet (NASDAQ:QNST) Downgraded to “Sell” Rating by StockNews.com

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

A number of other analysts have also recently commented on QNST. Barrington Research upped their target price on shares of QuinStreet from $22.00 to $29.00 and gave the company an “outperform” rating in a report on Tuesday, November 5th. Craig Hallum upped their price objective on QuinStreet from $25.00 to $32.00 and gave the stock a “buy” rating in a research note on Tuesday, November 5th. B. Riley lifted their target price on QuinStreet from $24.00 to $32.00 and gave the company a “buy” rating in a research report on Tuesday, November 5th. Stephens boosted their price target on QuinStreet from $23.00 to $27.00 and gave the company an “overweight” rating in a report on Tuesday, November 5th. Finally, Lake Street Capital raised their price objective on QuinStreet from $20.00 to $25.00 and gave the stock a “hold” rating in a research note on Tuesday, November 5th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, QuinStreet presently has a consensus rating of “Moderate Buy” and a consensus target price of $29.00.

QuinStreet Price Performance

Shares of QNST opened at $20.31 on Tuesday. QuinStreet has a one year low of $10.88 and a one year high of $26.27. The business has a fifty day moving average of $19.71 and a 200 day moving average of $18.35. The firm has a market capitalization of $1.14 billion, a P/E ratio of -50.55 and a beta of 1.09.

QuinStreet (NASDAQ:QNST) last announced its earnings results on Monday, November 4th. The technology company reported $0.22 earnings per share (EPS) 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 business had revenue of $279.22 million for the quarter, compared to analysts’ expectations of $222.68 million. During the same period last year, the firm posted ($0.19) earnings per share. The business’s revenue for the quarter was up 125.3% on a year-over-year basis. Analysts expect that QuinStreet will post 0.15 EPS for the current fiscal year.

Insider Buying and Selling

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. American Century Companies Inc. lifted its holdings in shares of QuinStreet by 27.5% in the second quarter. American Century Companies Inc. now owns 2,035,127 shares of the technology company’s stock worth $33,763,000 after buying an additional 438,947 shares in the last quarter. Divisadero Street Capital Management LP bought a new stake in QuinStreet in the 2nd quarter valued at $6,499,000. Driehaus Capital Management LLC increased its holdings in QuinStreet by 17.6% in the 2nd quarter. Driehaus Capital Management LLC now owns 1,509,937 shares of the technology company’s stock valued at $25,050,000 after acquiring an additional 225,720 shares during the last quarter. Squarepoint Ops LLC lifted its stake in QuinStreet by 248.7% in the 2nd quarter. Squarepoint Ops LLC now owns 174,367 shares of the technology company’s stock worth $2,893,000 after purchasing an additional 124,367 shares in the last quarter. Finally, FMR LLC boosted its holdings in shares of QuinStreet by 5.2% during the 3rd quarter. FMR LLC now owns 2,233,345 shares of the technology company’s stock valued at $42,724,000 after purchasing an additional 109,892 shares during the last quarter. 97.83% of the stock is currently owned by institutional investors.

QuinStreet Company Profile

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.