NASDAQ:QNST - Get Free Report ) reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $19.58 and last traded at $19.39, with a volume of 43000 shares changing hands. The stock had previously closed at $19.43.
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Wall Street Analyst Weigh In QNST has been the subject of a number of research reports. StockNews.com raised QuinStreet to a "sell" rating in a research report on Saturday, April 13th. Barrington Research boosted their price objective on QuinStreet from $16.00 to $20.00 and gave the stock an "outperform" rating in a research note on Tuesday, April 23rd. Stephens boosted their price objective on QuinStreet from $17.00 to $18.00 and gave the stock an "overweight" rating in a research note on Friday, March 15th. Finally, B. Riley began coverage on QuinStreet in a research note on Friday, April 19th. They set a "buy" rating and a $21.50 price objective on the stock. One research analyst has rated the stock with a sell rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $19.83.
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QuinStreet Stock Down 3.4 % The company has a 50 day moving average of $16.78 and a 200 day moving average of $14.00. The firm has a market cap of $1.03 billion, a price-to-earnings ratio of -13.08 and a beta of 1.11.
QuinStreet (NASDAQ:QNST - Get Free Report ) last announced its quarterly earnings data on Wednesday, February 7th. The technology company reported ($0.21) earnings per share (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 firm had revenue of $122.68 million for the quarter, compared to analyst estimates of $116.46 million. As a group, equities research analysts expect 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 company'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 sale, the chief financial officer now owns 295,204 shares in the company, valued at $4,436,916.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link . 5.30% of the stock is currently owned by insiders.
Institutional Trading of QuinStreet Institutional investors and hedge funds have recently bought and sold shares of the company. Naples Money Management LLC bought a new position in shares of QuinStreet during the fourth quarter valued at approximately $38,000. Carmel Capital Partners LLC bought a new position in shares of QuinStreet during the third quarter valued at approximately $34,000. RiverPark Advisors LLC bought a new position in shares of QuinStreet during the first quarter valued at approximately $127,000. Assenagon Asset Management S.A. bought a new position in shares of QuinStreet during the third quarter valued at approximately $92,000. Finally, ProShare Advisors LLC bought a new position in shares of QuinStreet during the first quarter valued at approximately $188,000. Institutional investors and hedge funds own 97.83% of the company's stock.
About QuinStreet (
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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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