QuinStreet (NASDAQ:QNST) Upgraded to “Sell” at StockNews.com

QuinStreet (NASDAQ:QNST) was upgraded by investment analysts at StockNews.com to a “sell” rating in a research note issued on Saturday.

A number of other equities research analysts have also issued reports on the stock. Stephens boosted their price target on shares of QuinStreet from $17.00 to $18.00 and gave the company an “overweight” rating in a report on Friday, March 15th. Barrington Research reaffirmed an “outperform” rating and set a $16.00 price objective on shares of QuinStreet in a research report on Thursday, February 8th. One analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $15.75.

QuinStreet Price Performance

QuinStreet stock opened at $17.23 on Friday. The firm’s fifty day moving average price is $15.83 and its 200 day moving average price is $12.97. The company has a market capitalization of $945.75 million, a price-to-earnings ratio of -11.97 and a beta of 1.14. QuinStreet has a 12-month low of $6.79 and a 12-month high of $17.76.

QuinStreet (NASDAQ:QNST) last posted its quarterly earnings results on Wednesday, February 7th. The technology company reported ($0.21) EPS for the quarter, missing the consensus estimate of ($0.16) by ($0.05). QuinStreet had a negative net margin of 14.28% and a negative return on equity of 32.98%. The business had revenue of $122.68 million during the quarter, compared to analyst estimates of $116.46 million. Analysts forecast that QuinStreet will post -0.41 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other QuinStreet news, CFO Gregory Wong sold 8,407 shares of the business’s stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $15.03, for a total value of $126,357.21. Following the completion of the sale, the chief financial officer now directly owns 295,204 shares of the company’s stock, valued at $4,436,916.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 5.30% of the company’s stock.

Institutional Trading of QuinStreet

Several large investors have recently modified their holdings of the company. Thrivent Financial for Lutherans raised its stake in QuinStreet by 21.9% during the 1st quarter. Thrivent Financial for Lutherans now owns 4,680,263 shares of the technology company’s stock valued at $74,276,000 after purchasing an additional 840,745 shares during the last quarter. Private Capital Management LLC raised its stake in shares of QuinStreet by 1.4% in the 4th quarter. Private Capital Management LLC now owns 4,503,159 shares of the technology company’s stock valued at $57,730,000 after buying an additional 62,095 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of QuinStreet by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 3,663,813 shares of the technology company’s stock valued at $46,970,000 after buying an additional 25,098 shares in the last quarter. William Blair Investment Management LLC raised its stake in shares of QuinStreet by 2.9% in the 3rd quarter. William Blair Investment Management LLC now owns 2,182,365 shares of the technology company’s stock valued at $19,576,000 after buying an additional 61,717 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of QuinStreet by 4.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,115,592 shares of the technology company’s stock valued at $33,574,000 after buying an additional 87,371 shares in 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.