Zacks Investment Research upgraded shares of QuinStreet (NASDAQ:QNST) from a sell rating to a hold rating in a research report released on Thursday.

According to Zacks, “QuinStreet Inc, is a provider of online direct marketing and media services. The Company offers online messaging, email broadcasting, search engine marketing, and brand management services. It caters to education, financial services, healthcare, advertising, and tourism sectors. QuinStreet, Inc. also operates web portal which offers comprehensive consumer information service and companion insurance brokerage service to self-directed insurance shoppers. The Company vigilantly manages brand and regulatory compliance using proprietary technologies and staff. It does not support or use spyware, spam, or promotions that cheat customers. QuinStreet Inc. is headquartered in Foster City, California. “

Several other equities research analysts have also commented on QNST. Singular Research reissued a buy rating on shares of QuinStreet in a research note on Thursday, March 7th. BidaskClub raised QuinStreet from a buy rating to a strong-buy rating in a research note on Tuesday, December 4th. Finally, ValuEngine lowered QuinStreet from a buy rating to a hold rating in a research note on Wednesday, February 20th. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company presently has an average rating of Buy and a consensus target price of $17.79.

Shares of QNST opened at $13.21 on Thursday. QuinStreet has a twelve month low of $9.76 and a twelve month high of $20.02. The company has a market capitalization of $657.95 million, a price-to-earnings ratio of 41.28, a price-to-earnings-growth ratio of 1.14 and a beta of 0.75.

QuinStreet (NASDAQ:QNST) last announced its quarterly earnings data on Thursday, February 7th. The technology company reported $0.12 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.11 by $0.01. QuinStreet had a return on equity of 13.16% and a net margin of 15.83%. The company had revenue of $104.10 million for the quarter, compared to analyst estimates of $103.43 million. During the same quarter in the previous year, the company earned $0.07 EPS. The firm’s revenue for the quarter was up 19.0% compared to the same quarter last year. As a group, equities research analysts forecast that QuinStreet will post 0.46 earnings per share for the current fiscal year.

In other news, CEO Douglas Valenti sold 32,500 shares of the business’s stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $13.06, for a total transaction of $424,450.00. Following the sale, the chief executive officer now owns 251,250 shares of the company’s stock, valued at approximately $3,281,325. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 12.50% of the stock is owned by insiders.

Several large investors have recently made changes to their positions in the company. Bank of America Corp DE raised its position in shares of QuinStreet by 59.0% during the 2nd quarter. Bank of America Corp DE now owns 20,898 shares of the technology company’s stock worth $265,000 after purchasing an additional 7,758 shares during the last quarter. Bank of New York Mellon Corp raised its position in shares of QuinStreet by 1.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 492,783 shares of the technology company’s stock worth $6,258,000 after purchasing an additional 7,711 shares during the last quarter. Russell Investments Group Ltd. raised its position in shares of QuinStreet by 12.4% during the 3rd quarter. Russell Investments Group Ltd. now owns 184,019 shares of the technology company’s stock worth $2,445,000 after purchasing an additional 20,248 shares during the last quarter. Victory Capital Management Inc. acquired a new position in shares of QuinStreet during the 3rd quarter worth approximately $202,000. Finally, Wells Fargo & Company MN raised its position in shares of QuinStreet by 46.8% during the 3rd quarter. Wells Fargo & Company MN now owns 187,646 shares of the technology company’s stock worth $2,547,000 after purchasing an additional 59,821 shares during the last quarter. 91.96% of the stock is currently owned by institutional investors and hedge funds.

QuinStreet Company Profile

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.

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