QuinStreet (NASDAQ:QNST) Hits New 1-Year High on Analyst Upgrade

Shares of QuinStreet, Inc. (NASDAQ:QNST - Get Free Report) hit a new 52-week high on Wednesday after Barrington Research raised their price target on the stock from $16.00 to $20.00. Barrington Research currently has an outperform rating on the stock. QuinStreet traded as high as $17.76 and last traded at $17.55, with a volume of 110338 shares traded. The stock had previously closed at $17.25.

Other research analysts have also recently issued research reports about the company. StockNews.com upgraded QuinStreet to a "sell" rating in a research note on Saturday, April 13th. B. Riley initiated coverage on QuinStreet in a research note on Friday, April 19th. They set a "buy" rating and a $21.50 price objective for the company. Finally, Stephens lifted their target price on QuinStreet from $17.00 to $18.00 and gave the stock an "overweight" rating in a report on Friday, March 15th. One research 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. Based on data from MarketBeat, QuinStreet presently has a consensus rating of "Hold" and an average price target of $17.38.

Insiders Place Their Bets

In related news, CFO Gregory Wong sold 8,407 shares of QuinStreet stock in a transaction on Tuesday, February 20th. The stock was 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 owns 295,204 shares of the company's stock, valued at $4,436,916.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 5.30% of the company's stock.

Institutional Trading of QuinStreet

Large investors have recently modified their holdings of the company. Private Capital Management LLC grew its holdings in QuinStreet by 1.4% during the fourth quarter. Private Capital Management LLC now owns 4,503,159 shares of the technology company's stock valued at $57,730,000 after purchasing an additional 62,095 shares during the period. Vanguard Group Inc. lifted its position in shares of QuinStreet by 1.2% in the third quarter. Vanguard Group Inc. now owns 3,638,715 shares of the technology company's stock valued at $32,639,000 after acquiring an additional 41,801 shares in the last quarter. William Blair Investment Management LLC lifted its position in shares of QuinStreet by 2.9% in the third quarter. William Blair Investment Management LLC now owns 2,182,365 shares of the technology company's stock valued at $19,576,000 after acquiring an additional 61,717 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of QuinStreet by 6.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,866,930 shares of the technology company's stock valued at $23,934,000 after acquiring an additional 114,980 shares in the last quarter. Finally, FMR LLC lifted its position in shares of QuinStreet by 46.8% in the third quarter. FMR LLC now owns 1,814,168 shares of the technology company's stock valued at $16,273,000 after acquiring an additional 578,228 shares in the last quarter. Institutional investors own 97.83% of the company's stock.

QuinStreet Price Performance

The company has a 50-day moving average price of $16.22 and a 200 day moving average price of $13.42. The firm has a market capitalization of $968.81 million, a PE ratio of -12.17 and a beta of 1.14.

QuinStreet (NASDAQ:QNST - Get Free Report) 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). 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 analysts' expectations of $116.46 million. As a group, research analysts anticipate that QuinStreet, Inc. will post -0.41 earnings per share for the current year.

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.