QuinStreet (NASDAQ:QNST) Rating Lowered to Sell at StockNews.com

QuinStreet (NASDAQ:QNST) was downgraded by investment analysts at StockNews.com from a “hold” rating to a “sell” rating in a note issued to investors on Wednesday.

QNST has been the subject of a number of other research reports. Barrington Research restated an “outperform” rating and issued a $22.00 target price on shares of QuinStreet in a research note on Friday, August 9th. B. Riley lifted their target price on QuinStreet from $21.50 to $24.00 and gave the stock a “buy” rating in a report on Friday, August 9th. Finally, Craig Hallum increased their price target on shares of QuinStreet from $22.00 to $25.00 and gave the stock a “buy” rating in a report on Friday, August 9th. One analyst has rated the stock with a sell rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $22.25.

QuinStreet Price Performance

Shares of QNST stock opened at $18.81 on Wednesday. The stock’s fifty day moving average price is $18.65 and its 200 day moving average price is $17.80. QuinStreet has a 1-year low of $8.95 and a 1-year high of $20.91. The company has a market cap of $1.04 billion, a price-to-earnings ratio of -12.06 and a beta of 1.11.

QuinStreet (NASDAQ:QNST) last issued its quarterly earnings results on Thursday, August 8th. The technology company reported $0.11 earnings per share for the quarter, topping analysts’ consensus estimates of $0.10 by $0.01. The business had revenue of $198.32 million for the quarter, compared to analyst estimates of $186.39 million. QuinStreet had a negative return on equity of 13.00% and a negative net margin of 5.11%. The company’s revenue was up 52.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($1.03) earnings per share. As a group, equities research analysts anticipate that QuinStreet will post 0.08 earnings per share for the current year.

Institutional Trading of QuinStreet

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Quarry LP boosted its position in QuinStreet by 11,330.0% in the 2nd quarter. Quarry LP now owns 2,286 shares of the technology company’s stock worth $38,000 after purchasing an additional 2,266 shares in the last quarter. SageView Advisory Group LLC acquired a new position in shares of QuinStreet in the 1st quarter valued at $60,000. RiverPark Advisors LLC purchased a new stake in QuinStreet during the first quarter worth $127,000. Victory Capital Management Inc. acquired a new stake in QuinStreet during the second quarter valued at $175,000. Finally, ProShare Advisors LLC purchased a new position in QuinStreet in the first quarter valued at $188,000. 97.83% of the stock is owned by institutional investors and hedge funds.

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.