QuinStreet (NASDAQ:QNST) Trading 10.3% Higher

QuinStreet, Inc. (NASDAQ:QNSTGet Rating)’s share price traded up 10.3% on Thursday . The stock traded as high as $11.62 and last traded at $11.60. 1,427 shares changed hands during mid-day trading, a decline of 99% from the average session volume of 220,583 shares. The stock had previously closed at $10.52.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. StockNews.com cut shares of QuinStreet from a “hold” rating to a “sell” rating in a research note on Friday. William Blair restated an “outperform” rating on shares of QuinStreet in a report on Thursday, April 21st. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $13.50.

QuinStreet Trading Down 3.7 %

The company has a market capitalization of $637.95 million, a price-to-earnings ratio of -129.32 and a beta of 1.02. The stock’s fifty day simple moving average is $10.66 and its 200-day simple moving average is $11.34.

QuinStreet (NASDAQ:QNSTGet Rating) last released its earnings results on Wednesday, May 4th. The technology company reported $0.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.05. QuinStreet had a negative net margin of 0.90% and a negative return on equity of 1.75%. The company had revenue of $150.66 million for the quarter, compared to analyst estimates of $152.51 million. On average, analysts anticipate that QuinStreet, Inc. will post 0.16 EPS for the current fiscal year.

Insider Buying and Selling at QuinStreet

In other news, Director James R. Simons acquired 10,000 shares of the company’s stock in a transaction on Thursday, May 12th. The shares were bought at an average cost of $9.97 per share, with a total value of $99,700.00. Following the transaction, the director now owns 44,841 shares in the company, valued at approximately $447,064.77. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 6.80% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Nisa Investment Advisors LLC purchased a new position in shares of QuinStreet in the 4th quarter valued at $32,000. Covestor Ltd acquired a new stake in shares of QuinStreet in the fourth quarter valued at about $40,000. Lazard Asset Management LLC lifted its stake in shares of QuinStreet by 97.2% in the fourth quarter. Lazard Asset Management LLC now owns 4,014 shares of the technology company’s stock valued at $73,000 after purchasing an additional 1,978 shares during the period. KBC Group NV acquired a new stake in shares of QuinStreet in the second quarter valued at about $42,000. Finally, Teacher Retirement System of Texas acquired a new stake in shares of QuinStreet in the fourth quarter valued at about $183,000. 91.02% of the stock is owned by hedge funds and other institutional investors.

About QuinStreet

(Get Rating)

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 to its clients in the form of qualified clicks, leads, calls, applications, or customers through its websites or third-party publishers.

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