QuinStreet (NASDAQ:QNST) was downgraded by equities research analysts at ValuEngine from a “buy” rating to a “hold” rating in a report issued on Thursday.

Several other research firms also recently issued reports on QNST. BidaskClub upgraded shares of QuinStreet from a “buy” rating to a “strong-buy” rating in a report on Saturday, November 3rd. Craig Hallum restated a “buy” rating on shares of QuinStreet in a report on Wednesday, October 31st. Zacks Investment Research upgraded shares of QuinStreet from a “hold” rating to a “buy” rating and set a $19.00 price objective on the stock in a report on Wednesday. Finally, William Blair started coverage on shares of QuinStreet in a research report on Thursday, October 4th. They set an “outperform” rating on the stock. One investment analyst has rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. QuinStreet has an average rating of “Buy” and a consensus target price of $17.79.

NASDAQ:QNST opened at $17.00 on Thursday. QuinStreet has a 52-week low of $8.24 and a 52-week high of $17.75. The stock has a market cap of $857.89 million, a PE ratio of 46.00, a P/E/G ratio of 1.29 and a beta of 0.70.

QuinStreet (NASDAQ:QNST) last posted its quarterly earnings data on Tuesday, October 30th. The technology company reported $0.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.01. QuinStreet had a net margin of 4.60% and a return on equity of 14.14%. The company had revenue of $112.90 million for the quarter, compared to the consensus estimate of $103.59 million. During the same quarter in the previous year, the firm posted $0.08 EPS. The business’s revenue was up 29.2% compared to the same quarter last year. On average, equities research analysts forecast that QuinStreet will post 0.54 earnings per share for the current year.

In other news, Director James R. Simons sold 249,860 shares of QuinStreet stock in a transaction dated Friday, August 17th. The shares were sold at an average price of $13.68, for a total transaction of $3,418,084.80. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Gregory Wong sold 9,091 shares of QuinStreet stock in a transaction dated Friday, August 17th. The shares were sold at an average price of $13.44, for a total transaction of $122,183.04. Following the sale, the chief financial officer now owns 237,501 shares in the company, valued at $3,192,013.44. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,474,039 shares of company stock worth $22,431,812. 12.50% of the stock is owned by company insiders.

Several institutional investors have recently modified their holdings of the company. BlackRock Inc. boosted its position in shares of QuinStreet by 2.1% during the 3rd quarter. BlackRock Inc. now owns 5,668,362 shares of the technology company’s stock valued at $76,919,000 after acquiring an additional 118,583 shares in the last quarter. Acadian Asset Management LLC boosted its position in shares of QuinStreet by 16.5% during the 3rd quarter. Acadian Asset Management LLC now owns 1,662,070 shares of the technology company’s stock valued at $22,556,000 after acquiring an additional 235,643 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of QuinStreet by 26.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,332,632 shares of the technology company’s stock valued at $16,925,000 after acquiring an additional 279,867 shares in the last quarter. MERIAN GLOBAL INVESTORS UK Ltd acquired a new position in QuinStreet in the third quarter valued at about $10,420,000. Finally, American Century Companies Inc. boosted its position in QuinStreet by 1.6% in the third quarter. American Century Companies Inc. now owns 613,994 shares of the technology company’s stock valued at $8,332,000 after buying an additional 9,803 shares in the last quarter. Institutional investors and hedge funds own 79.17% of the company’s stock.

About QuinStreet

QuinStreet, Inc, an Internet performance marketing company, provides customer acquisition services for its clients in the United States and internationally. It offers online marketing services to its clients in the form of qualified leads, inquiries, clicks, calls, applications, customers, display advertisements, or impressions through its Websites or third-party publishers.

See Also: Does the discount rate affect the economy?

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for QuinStreet (NASDAQ:QNST)

Receive News & Ratings for QuinStreet Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for QuinStreet and related companies with MarketBeat.com's FREE daily email newsletter.