QuinStreet (NASDAQ:QNST) Shares Gap Down - Time to Sell?

QuinStreet, Inc. (NASDAQ:QNST - Get Free Report)'s stock price gapped down before the market opened on Tuesday . The stock had previously closed at $15.28, but opened at $14.95. QuinStreet shares last traded at $15.54, with a volume of 6,646 shares.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the stock. Barrington Research reaffirmed an "outperform" rating and issued a $29.00 target price on shares of QuinStreet in a research report on Wednesday, March 26th. B. Riley reissued a "buy" rating and issued a $34.00 target price (up from $32.00) on shares of QuinStreet in a research report on Friday, February 7th. Lake Street Capital lifted their price target on QuinStreet from $25.00 to $27.00 and gave the stock a "hold" rating in a research report on Friday, February 7th. Finally, StockNews.com raised QuinStreet from a "sell" rating to a "hold" rating in a report on Monday, February 10th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, QuinStreet currently has an average rating of "Moderate Buy" and a consensus price target of $29.80.

QuinStreet Stock Performance

The company has a market capitalization of $907.46 million, a PE ratio of -73.05 and a beta of 0.91. The firm's 50-day simple moving average is $18.24 and its 200 day simple moving average is $20.54.

QuinStreet (NASDAQ:QNST - Get Free Report) last issued its earnings results on Thursday, February 6th. The technology company reported ($0.03) earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.21). QuinStreet had a negative return on equity of 4.13% and a negative net margin of 1.31%. As a group, equities analysts anticipate that QuinStreet, Inc. will post 0.12 earnings per share for the current year.

Insider Activity

In other QuinStreet news, CEO Douglas Valenti sold 10,000 shares of the firm's stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $25.02, for a total transaction of $250,200.00. Following the completion of the transaction, the chief executive officer now directly owns 1,836,754 shares in the company, valued at approximately $45,955,585.08. This trade represents a 0.54 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Gregory Wong sold 8,516 shares of QuinStreet stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $22.88, for a total transaction of $194,846.08. Following the transaction, the chief financial officer now owns 337,031 shares of the company's stock, valued at approximately $7,711,269.28. The trade was a 2.46 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 5.00% of the company's stock.

Hedge Funds Weigh In On QuinStreet

Institutional investors have recently made changes to their positions in the stock. SG Americas Securities LLC increased its position in QuinStreet by 26.2% during the 1st quarter. SG Americas Securities LLC now owns 32,889 shares of the technology company's stock worth $587,000 after purchasing an additional 6,829 shares in the last quarter. Harbor Capital Advisors Inc. acquired a new position in shares of QuinStreet in the first quarter valued at approximately $250,000. Summit Global Investments purchased a new position in shares of QuinStreet during the first quarter valued at approximately $476,000. GAMMA Investing LLC boosted its position in QuinStreet by 2,181.6% during the first quarter. GAMMA Investing LLC now owns 16,770 shares of the technology company's stock worth $299,000 after acquiring an additional 16,035 shares during the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in QuinStreet in the 4th quarter valued at $3,951,000. 97.83% of the stock is owned by institutional investors and hedge funds.

About QuinStreet

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.