QuinStreet, Inc. (NASDAQ:QNST - Get Free Report)'s stock price hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $19.07 and last traded at $18.63, with a volume of 94579 shares traded. The stock had previously closed at $17.89.
Wall Street Analyst Weigh In
A number of research analysts have recently weighed in on QNST shares. Barrington Research lifted their price objective on QuinStreet from $16.00 to $20.00 and gave the company an "outperform" rating in a research report on Tuesday, April 23rd. Stephens boosted their price target on QuinStreet from $17.00 to $18.00 and gave the stock an "overweight" rating in a report on Friday, March 15th. StockNews.com raised QuinStreet to a "sell" rating in a report on Saturday, April 13th. Finally, B. Riley started coverage on QuinStreet in a research note on Friday, April 19th. They issued a "buy" rating and a $21.50 price objective on the stock. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, QuinStreet presently has an average rating of "Hold" and a consensus price target of $17.38.
Check Out Our Latest Research Report on QNST
QuinStreet Trading Up 4.8 %
The business has a 50-day moving average price of $16.46 and a 200-day moving average price of $13.74. The firm has a market cap of $1.03 billion, a P/E ratio of -13.30 and a beta of 1.11.
QuinStreet (NASDAQ:QNST - Get Free Report) last posted its quarterly earnings results on Wednesday, February 7th. The technology company reported ($0.21) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.16) by ($0.05). QuinStreet had a negative return on equity of 32.98% and a negative net margin of 14.28%. The firm had revenue of $122.68 million for the quarter, compared to the consensus estimate of $116.46 million. On average, equities analysts anticipate that QuinStreet, Inc. will post -0.43 earnings per share for the current fiscal year.
Insider Buying and Selling at QuinStreet
In other QuinStreet news, CFO Gregory Wong sold 8,407 shares of the stock in a transaction dated 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 directly owns 295,204 shares in the company, valued at $4,436,916.12. The transaction was disclosed in a document filed with the SEC, which is available at this link. 5.30% of the stock is currently owned by company insiders.
Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of the company. BNP Paribas Financial Markets raised its position in QuinStreet by 33.5% during the first quarter. BNP Paribas Financial Markets now owns 47,254 shares of the technology company's stock valued at $835,000 after acquiring an additional 11,857 shares in the last quarter. Private Capital Management LLC boosted its stake in shares of QuinStreet by 1.4% in the fourth quarter. Private Capital Management LLC now owns 4,503,159 shares of the technology company's stock worth $57,730,000 after acquiring an additional 62,095 shares during the last quarter. Nomura Holdings Inc. boosted its stake in shares of QuinStreet by 20.0% in the fourth quarter. Nomura Holdings Inc. now owns 360,543 shares of the technology company's stock worth $4,622,000 after acquiring an additional 60,142 shares during the last quarter. Mill Road Capital Management LLC boosted its stake in shares of QuinStreet by 21.4% in the fourth quarter. Mill Road Capital Management LLC now owns 583,118 shares of the technology company's stock worth $7,476,000 after acquiring an additional 102,971 shares during the last quarter. Finally, Basswood Capital Management L.L.C. boosted its stake in shares of QuinStreet by 20.6% in the fourth quarter. Basswood Capital Management L.L.C. now owns 1,007,188 shares of the technology company's stock worth $12,912,000 after acquiring an additional 171,838 shares during the last quarter. 97.83% of the stock is currently owned by hedge funds and other institutional investors.
About QuinStreet
(
Get Free Report)
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.
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