QuinStreet (NASDAQ:QNST) Stock Price Passes Above 200 Day Moving Average – Should You Sell?

QuinStreet, Inc. (NASDAQ:QNST)’s stock price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $20.02 and traded as high as $23.10. QuinStreet shares last traded at $22.86, with a volume of 284,371 shares.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Barrington Research reissued an “outperform” rating and set a $29.00 price objective on shares of QuinStreet in a report on Friday, December 6th. Stephens boosted their price target on QuinStreet from $23.00 to $27.00 and gave the stock an “overweight” rating in a report on Tuesday, November 5th. Lake Street Capital raised their price objective on shares of QuinStreet from $20.00 to $25.00 and gave the company a “hold” rating in a report on Tuesday, November 5th. StockNews.com lowered shares of QuinStreet from a “hold” rating to a “sell” rating in a report on Tuesday, January 14th. Finally, Craig Hallum raised their price target on shares of QuinStreet from $25.00 to $32.00 and gave the company a “buy” rating in a research note on Tuesday, November 5th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $29.00.

QuinStreet Trading Up 1.6 %

The business’s 50-day simple moving average is $22.28 and its two-hundred day simple moving average is $20.02. The firm has a market cap of $1.29 billion, a price-to-earnings ratio of -57.15 and a beta of 1.07.

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

Insider Activity

In other QuinStreet news, Director Matthew Glickman sold 30,000 shares of QuinStreet stock in a transaction 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 completion of the sale, the director now directly owns 113,140 shares of the company’s stock, valued at approximately $2,560,358.20. The trade was a 20.96 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Stuart Huizinga sold 7,020 shares of the company’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $23.21, for a total transaction of $162,934.20. Following the transaction, the director now owns 174,903 shares in the company, valued at $4,059,498.63. This represents a 3.86 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 40,000 shares of company stock valued at $910,374 in the last ninety days. 5.00% of the stock is owned by company insiders.

Institutional Trading of QuinStreet

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. FMR LLC grew its stake in QuinStreet by 5.2% in the third quarter. FMR LLC now owns 2,233,345 shares of the technology company’s stock valued at $42,724,000 after acquiring an additional 109,892 shares during the period. State Street Corp increased its stake in QuinStreet by 2.1% during the 3rd quarter. State Street Corp now owns 1,989,976 shares of the technology company’s stock valued at $38,068,000 after purchasing an additional 41,538 shares in the last quarter. Driehaus Capital Management LLC raised its holdings in QuinStreet by 17.6% during the second quarter. Driehaus Capital Management LLC now owns 1,509,937 shares of the technology company’s stock worth $25,050,000 after buying an additional 225,720 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of QuinStreet by 3.0% in the third quarter. Geode Capital Management LLC now owns 1,270,766 shares of the technology company’s stock valued at $24,315,000 after buying an additional 36,963 shares in the last quarter. Finally, Millennium Management LLC grew its holdings in shares of QuinStreet by 7.5% during the second quarter. Millennium Management LLC now owns 804,223 shares of the technology company’s stock valued at $13,342,000 after buying an additional 55,889 shares during the last quarter. 97.83% of the stock is owned by 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.