QuinStreet (NASDAQ:QNST) Trading Up 3.1%

QuinStreet, Inc. (NASDAQ:QNST - Get Free Report) shares traded up 3.1% during trading on Friday . The stock traded as high as $16.70 and last traded at $16.70. 35,948 shares changed hands during mid-day trading, a decline of 91% from the average session volume of 378,402 shares. The stock had previously closed at $16.20.

Wall Street Analyst Weigh In

QNST has been the topic of a number of research analyst reports. Stephens increased their price target on QuinStreet from $17.00 to $18.00 and gave the stock an "overweight" rating in a research report on Friday, March 15th. StockNews.com raised QuinStreet to a "sell" rating in a report on Saturday, April 13th. Barrington Research reiterated an "outperform" rating and set a $16.00 price target on shares of QuinStreet in a research report on Thursday, February 8th. Finally, B. Riley assumed coverage on shares of QuinStreet in a research report on Friday. They issued a "buy" rating and a $21.50 price objective for the company. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, QuinStreet currently has a consensus rating of "Hold" and an average target price of $16.38.

QuinStreet Stock Up 3.7 %

The firm has a market capitalization of $922.15 million, a price-to-earnings ratio of -11.67 and a beta of 1.14. The company's fifty day moving average is $16.13 and its two-hundred day moving average is $13.24.

QuinStreet (NASDAQ:QNST - Get Free Report) last announced its quarterly earnings results on Wednesday, February 7th. The technology company reported ($0.21) earnings per share for the quarter, missing analysts' consensus estimates of ($0.16) by ($0.05). The firm had revenue of $122.68 million for 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 Activity at QuinStreet

In related news, CFO Gregory Wong sold 8,407 shares of the firm's stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $15.03, for a total transaction of $126,357.21. Following the sale, the chief financial officer now directly owns 295,204 shares in the company, valued at $4,436,916.12. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 5.30% of the stock is owned by insiders.

Institutional Investors Weigh In On QuinStreet

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Naples Money Management LLC bought a new stake in shares of QuinStreet in the 4th quarter valued at about $38,000. Carmel Capital Partners LLC acquired a new position in QuinStreet during the third quarter worth approximately $34,000. Quarry LP acquired a new stake in shares of QuinStreet in the second quarter valued at approximately $62,000. State of Wyoming increased its holdings in shares of QuinStreet by 62.2% during the 4th quarter. State of Wyoming now owns 7,193 shares of the technology company's stock worth $103,000 after acquiring an additional 2,757 shares during the last quarter. Finally, Brevan Howard Capital Management LP bought a new stake in QuinStreet in the 4th quarter valued at $130,000. 97.83% of the stock is owned by institutional investors.

QuinStreet Company Profile

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.