QuinStreet (NASDAQ:QNST) Reaches New 1-Year High at $17.74

QuinStreet, Inc. (NASDAQ:QNST - Get Free Report) shares hit a new 52-week high on Monday . The company traded as high as $17.74 and last traded at $17.59, with a volume of 74173 shares trading hands. The stock had previously closed at $17.10.

Analysts Set New Price Targets

A number of brokerages have weighed in on QNST. Barrington Research reiterated an "outperform" rating and set a $16.00 target price on shares of QuinStreet in a research note on Thursday, February 8th. StockNews.com upgraded shares of QuinStreet to a "sell" rating in a research note on Tuesday, March 12th. Finally, Stephens boosted their target price on shares of QuinStreet from $17.00 to $18.00 and gave the company an "overweight" rating in a research note on Friday, March 15th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, QuinStreet has a consensus rating of "Hold" and a consensus price target of $15.75.

QuinStreet Stock Performance

The company has a market cap of $963.32 million, a P/E ratio of -12.00 and a beta of 1.14. The firm's fifty day moving average is $15.37 and its two-hundred day moving average is $12.73.

QuinStreet (NASDAQ:QNST - Get Free Report) last issued its earnings results on Wednesday, February 7th. The technology company reported ($0.21) earnings per share for the quarter, missing the consensus estimate of ($0.16) by ($0.05). The firm had revenue of $122.68 million during the quarter, compared to the consensus estimate of $116.46 million. QuinStreet had a negative return on equity of 32.98% and a negative net margin of 14.28%. On average, equities research analysts expect that QuinStreet, Inc. will post -0.41 EPS for the current year.

Insider Buying and Selling at QuinStreet

In related news, CFO Gregory Wong sold 8,407 shares of the stock in a transaction dated 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 transaction, the chief financial officer now owns 295,204 shares of the company's stock, valued at approximately $4,436,916.12. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 5.30% of the company's stock.

Institutional Trading of QuinStreet

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in QNST. JPMorgan Chase & Co. raised its position in QuinStreet by 9.4% in the 1st quarter. JPMorgan Chase & Co. now owns 644,508 shares of the technology company's stock worth $7,476,000 after purchasing an additional 55,500 shares during the period. Citigroup Inc. raised its position in QuinStreet by 11.6% in the 1st quarter. Citigroup Inc. now owns 43,211 shares of the technology company's stock worth $501,000 after purchasing an additional 4,502 shares during the period. MetLife Investment Management LLC raised its position in QuinStreet by 54.9% in the 1st quarter. MetLife Investment Management LLC now owns 28,152 shares of the technology company's stock worth $327,000 after purchasing an additional 9,979 shares during the period. Rhumbline Advisers increased its position in shares of QuinStreet by 6.5% during the first quarter. Rhumbline Advisers now owns 128,656 shares of the technology company's stock worth $1,492,000 after acquiring an additional 7,846 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in shares of QuinStreet by 14.7% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 43,268 shares of the technology company's stock worth $502,000 after acquiring an additional 5,551 shares during the period. 97.83% of the stock is owned by hedge funds and other 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.