QuinStreet (NASDAQ:QNST) Sets New 1-Year High at $19.07

QuinStreet, Inc. (NASDAQ:QNST) shares hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $19.07 and last traded at $18.63, with a volume of 94579 shares. The stock had previously closed at $17.89.

Analyst Ratings Changes

A number of brokerages have weighed in on QNST. StockNews.com upgraded QuinStreet to a “sell” rating in a research note on Saturday, April 13th. B. Riley began coverage on QuinStreet in a research note on Friday, April 19th. They issued a “buy” rating and a $21.50 target price on the stock. Barrington Research upped their target price on QuinStreet from $16.00 to $20.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 23rd. Finally, Stephens upped their target price on QuinStreet from $17.00 to $18.00 and gave the stock an “overweight” rating in a research note on Friday, March 15th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, QuinStreet currently has a consensus rating of “Hold” and an average target price of $17.38.

QuinStreet Stock Performance

The stock has a market capitalization of $1.05 billion, a P/E ratio of -13.14 and a beta of 1.11. The firm has a 50-day moving average price of $16.46 and a 200 day moving average price of $13.74.

QuinStreet (NASDAQ:QNST) last announced its quarterly earnings data on Wednesday, February 7th. The technology company reported ($0.21) EPS for the quarter, missing the consensus estimate of ($0.16) by ($0.05). The firm had revenue of $122.68 million for the quarter, compared to the consensus estimate of $116.46 million. QuinStreet had a negative net margin of 14.28% and a negative return on equity of 32.98%. On average, equities analysts anticipate that QuinStreet, Inc. will post -0.43 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CFO Gregory Wong sold 8,407 shares of the firm’s stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $15.03, for a total transaction of $126,357.21. Following the transaction, the chief financial officer now directly owns 295,204 shares in the company, valued at approximately $4,436,916.12. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 5.30% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On QuinStreet

Several institutional investors and hedge funds have recently bought and sold shares of QNST. FMR LLC lifted its holdings in QuinStreet by 46.8% in the 3rd quarter. FMR LLC now owns 1,814,168 shares of the technology company’s stock worth $16,273,000 after buying an additional 578,228 shares during the period. Impax Asset Management Group plc lifted its stake in shares of QuinStreet by 16.0% in the 3rd quarter. Impax Asset Management Group plc now owns 1,310,395 shares of the technology company’s stock valued at $11,754,000 after purchasing an additional 180,477 shares during the period. Basswood Capital Management L.L.C. lifted its stake in shares of QuinStreet by 20.6% in the 4th quarter. Basswood Capital Management L.L.C. now owns 1,007,188 shares of the technology company’s stock valued at $12,912,000 after purchasing an additional 171,838 shares during the period. Assenagon Asset Management S.A. lifted its stake in shares of QuinStreet by 1,634.0% in the 4th quarter. Assenagon Asset Management S.A. now owns 178,531 shares of the technology company’s stock valued at $2,289,000 after purchasing an additional 168,235 shares during the period. Finally, Nomura Holdings Inc. lifted its stake in shares of QuinStreet by 92.2% in the 3rd quarter. Nomura Holdings Inc. now owns 300,401 shares of the technology company’s stock valued at $2,695,000 after purchasing an additional 144,129 shares during the period. Hedge funds and other institutional investors own 97.83% of the company’s stock.

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.