QuinStreet, Inc. (NASDAQ:QNST - Get Free Report)'s share price rose 3.7% on Tuesday . The company traded as high as $17.66 and last traded at $17.66. Approximately 72,216 shares changed hands during mid-day trading, a decline of 81% from the average daily volume of 371,457 shares. The stock had previously closed at $17.03.
Analysts Set New Price Targets
Several equities research analysts have issued reports on the company. B. Riley assumed coverage on QuinStreet in a research report on Friday, April 19th. They set a "buy" rating and a $21.50 target price on the stock. Stephens increased their price target on shares of QuinStreet from $17.00 to $18.00 and gave the stock an "overweight" rating in a report on Friday, March 15th. StockNews.com upgraded shares of QuinStreet to a "sell" rating in a research report on Saturday, April 13th. Finally, Barrington Research upped their price target on shares of QuinStreet from $16.00 to $20.00 and gave the stock an "outperform" rating in a report on Tuesday, April 23rd. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $17.38.
Get Our Latest Stock Report on QNST
QuinStreet Price Performance
The firm has a market capitalization of $992.96 million, a PE ratio of -12.69 and a beta of 1.14. The business's 50 day moving average is $16.36 and its two-hundred day moving average is $13.65.
QuinStreet (NASDAQ:QNST - Get Free Report) last issued its quarterly earnings results on Wednesday, February 7th. The technology company reported ($0.21) 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 company had revenue of $122.68 million during the quarter, compared to the consensus estimate of $116.46 million. Analysts expect that QuinStreet, Inc. will post -0.43 EPS for the current fiscal year.
Insiders Place Their Bets
In other QuinStreet news, CFO Gregory Wong sold 8,407 shares of QuinStreet stock in a transaction that occurred 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 transaction, the chief financial officer now directly owns 295,204 shares of the company's stock, valued at $4,436,916.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 5.30% of the company's stock.
Institutional Investors Weigh In On QuinStreet
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. FMR LLC increased its stake in QuinStreet by 46.8% in the 3rd quarter. FMR LLC now owns 1,814,168 shares of the technology company's stock worth $16,273,000 after purchasing an additional 578,228 shares during the period. Impax Asset Management Group plc raised its holdings in QuinStreet by 16.0% during the 3rd quarter. Impax Asset Management Group plc now owns 1,310,395 shares of the technology company's stock valued at $11,754,000 after buying an additional 180,477 shares during the last quarter. Basswood Capital Management L.L.C. grew its holdings in QuinStreet by 20.6% in the 4th 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. Assenagon Asset Management S.A. increased its position in shares of QuinStreet by 1,634.0% in the fourth quarter. Assenagon Asset Management S.A. now owns 178,531 shares of the technology company's stock valued at $2,289,000 after acquiring an additional 168,235 shares during the period. Finally, Nomura Holdings Inc. raised its stake in shares of QuinStreet by 92.2% during the third quarter. Nomura Holdings Inc. now owns 300,401 shares of the technology company's stock valued at $2,695,000 after acquiring an additional 144,129 shares during the last quarter. Institutional investors 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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