NASDAQ:QNST - Get Free Report ) shares traded down 7.7% on Thursday . The stock traded as low as $16.78 and last traded at $17.31. 140,501 shares traded hands during trading, a decline of 64% from the average session volume of 392,261 shares. The stock had previously closed at $18.76.
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Wall Street Analyst Weigh In A number of research analysts recently weighed in on the stock. Barrington Research raised their target price on shares of QuinStreet from $20.00 to $22.00 and gave the company an "outperform" rating in a report on Thursday. Craig Hallum lifted their price target on shares of QuinStreet from $14.00 to $20.00 and gave the stock a "hold" rating in a research note on Thursday. StockNews.com upgraded QuinStreet to a "sell" rating in a research report on Saturday, April 13th. B. Riley started coverage on QuinStreet in a research report on Friday, April 19th. They issued a "buy" rating and a $21.50 price objective on the stock. Finally, Stephens raised their target price on shares of QuinStreet from $17.00 to $18.00 and gave the stock an "overweight" rating in a research report on Friday, March 15th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $20.38.
Get Our Latest Analysis on QuinStreet
QuinStreet Price Performance The company has a market capitalization of $1.04 billion, a price-to-earnings ratio of -13.13 and a beta of 1.11. The stock has a fifty day simple moving average of $16.95 and a 200-day simple moving average of $14.06.
QuinStreet (NASDAQ:QNST - Get Free Report ) last released its quarterly earnings data 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). 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 during the quarter, compared to analysts' expectations of $116.46 million. As a group, equities analysts expect that QuinStreet, Inc. will post -0.43 EPS for the current fiscal year.
Insider Buying and Selling In other 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 completion of the transaction, the chief financial officer now directly owns 295,204 shares of the company's stock, valued at approximately $4,436,916.12. The sale was disclosed in a filing with the SEC, which is available at this link . 5.30% of the stock is currently owned by insiders.
Institutional Investors Weigh In On QuinStreet Large investors have recently bought and sold shares of the company. First Eagle Investment Management LLC lifted its stake in shares of QuinStreet by 20.2% in the 1st quarter. First Eagle Investment Management LLC now owns 549,223 shares of the technology company's stock valued at $9,699,000 after purchasing an additional 92,200 shares during the last quarter. SageView Advisory Group LLC purchased a new position in QuinStreet during the first quarter worth about $60,000. William Blair Investment Management LLC increased its position in shares of QuinStreet by 0.8% during the first quarter. William Blair Investment Management LLC now owns 1,530,761 shares of the technology company's stock valued at $27,033,000 after acquiring an additional 12,058 shares during the last quarter. ProShare Advisors LLC acquired a new position in shares of QuinStreet in the 1st quarter worth approximately $188,000. Finally, Texas Permanent School Fund Corp boosted its position in shares of QuinStreet by 1.9% during the 1st quarter. Texas Permanent School Fund Corp now owns 45,638 shares of the technology company's stock worth $806,000 after purchasing an additional 847 shares during the period. 97.83% of the stock is currently owned by hedge funds and other institutional investors.
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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