QNST has been the topic of several other research reports. BidaskClub upgraded QuinStreet from a “buy” rating to a “strong-buy” rating in a research note on Thursday, October 10th. Stephens set a $19.00 target price on QuinStreet and gave the stock a “buy” rating in a research report on Friday, August 9th. Barrington Research lowered their target price on QuinStreet from $20.00 to $16.00 and set an “outperform” rating on the stock in a research note on Thursday, August 15th. Finally, Northland Securities reaffirmed a “buy” rating and set a $18.00 price target on shares of QuinStreet in a research report on Monday, August 12th. One equities research analyst has rated the stock with a sell rating, six have assigned a buy rating and one has given a strong buy rating to the stock. QuinStreet presently has an average rating of “Buy” and an average price target of $18.50.
QNST stock traded up $0.12 during mid-day trading on Tuesday, hitting $15.85. The company had a trading volume of 1,023 shares, compared to its average volume of 688,670. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.73 and a current ratio of 1.73. The firm has a market cap of $805.77 million, a PE ratio of 13.42, a price-to-earnings-growth ratio of 1.72 and a beta of 0.77. QuinStreet has a 12 month low of $10.15 and a 12 month high of $20.02. The stock’s fifty day moving average price is $14.32 and its two-hundred day moving average price is $14.21.
In other news, Director Robin Josephs sold 75,000 shares of the firm’s stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $15.53, for a total value of $1,164,750.00. Following the completion of the transaction, the director now directly owns 125,404 shares of the company’s stock, valued at $1,947,524.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Gregory Wong sold 34,534 shares of the business’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $15.27, for a total value of $527,334.18. Following the sale, the chief financial officer now owns 255,641 shares in the company, valued at $3,903,638.07. The disclosure for this sale can be found here. Insiders sold a total of 162,034 shares of company stock valued at $2,415,459 over the last quarter. 11.10% of the stock is owned by company insiders.
Hedge funds and other institutional investors have recently modified their holdings of the business. Arizona State Retirement System lifted its holdings in shares of QuinStreet by 1.3% in the second quarter. Arizona State Retirement System now owns 60,681 shares of the technology company’s stock worth $962,000 after buying an additional 750 shares in the last quarter. State Board of Administration of Florida Retirement System increased its holdings in QuinStreet by 3.5% during the 2nd quarter. State Board of Administration of Florida Retirement System now owns 22,238 shares of the technology company’s stock worth $352,000 after acquiring an additional 750 shares during the period. California State Teachers Retirement System increased its holdings in QuinStreet by 1.2% during the 3rd quarter. California State Teachers Retirement System now owns 70,591 shares of the technology company’s stock worth $889,000 after acquiring an additional 843 shares during the period. Metropolitan Life Insurance Co NY lifted its stake in QuinStreet by 8.3% in the 3rd quarter. Metropolitan Life Insurance Co NY now owns 14,639 shares of the technology company’s stock worth $184,000 after purchasing an additional 1,127 shares in the last quarter. Finally, Pitcairn Co. lifted its stake in QuinStreet by 11.0% in the 2nd quarter. Pitcairn Co. now owns 15,568 shares of the technology company’s stock worth $247,000 after purchasing an additional 1,549 shares in the last quarter. Institutional investors and hedge funds own 97.20% of the company’s stock.
QuinStreet, Inc, an Internet performance marketing company, provides customer acquisition services for its clients in the United States and internationally. It offers online marketing services to its clients in the form of qualified leads, inquiries, clicks, calls, applications, customers, display advertisements, or impressions through its Websites or third-party publishers.
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