QuinStreet (NASDAQ:QNST) Downgraded by StockNews.com to Sell

StockNews.com lowered shares of QuinStreet (NASDAQ:QNSTGet Rating) from a hold rating to a sell rating in a report released on Friday.

Separately, William Blair reissued an outperform rating on shares of QuinStreet in a report on Thursday, April 21st. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of Hold and an average price target of $13.50.

QuinStreet Price Performance

Shares of QNST stock opened at $11.64 on Friday. QuinStreet has a 1-year low of $8.28 and a 1-year high of $19.40. The stock’s 50-day moving average is $10.66 and its 200 day moving average is $11.34. The company has a market cap of $637.99 million, a P/E ratio of -129.32 and a beta of 1.02.

QuinStreet (NASDAQ:QNSTGet Rating) last issued its quarterly earnings results on Wednesday, May 4th. The technology company reported $0.04 earnings per share for the quarter, topping the consensus estimate of ($0.01) by $0.05. The business had revenue of $150.66 million during the quarter, compared to the consensus estimate of $152.51 million. QuinStreet had a negative return on equity of 1.77% and a negative net margin of 0.90%. On average, analysts anticipate that QuinStreet will post 0.16 EPS for the current year.

Insiders Place Their Bets

In other QuinStreet news, Director James R. Simons purchased 10,000 shares of the stock in a transaction on Thursday, May 12th. The stock was acquired at an average price of $9.97 per share, with a total value of $99,700.00. Following the completion of the acquisition, the director now owns 44,841 shares in the company, valued at $447,064.77. The acquisition was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 6.80% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of QNST. Advisor Group Holdings Inc. raised its position in QuinStreet by 17.3% during the fourth quarter. Advisor Group Holdings Inc. now owns 52,280 shares of the technology company’s stock valued at $951,000 after acquiring an additional 7,710 shares in the last quarter. Nisa Investment Advisors LLC purchased a new position in QuinStreet during the fourth quarter valued at approximately $32,000. Covestor Ltd purchased a new position in QuinStreet during the fourth quarter valued at approximately $40,000. Rubric Capital Management LP purchased a new position in QuinStreet during the fourth quarter valued at approximately $20,155,000. Finally, Impax Asset Management Group plc raised its position in QuinStreet by 24.3% during the fourth quarter. Impax Asset Management Group plc now owns 896,390 shares of the technology company’s stock valued at $16,305,000 after acquiring an additional 175,000 shares in the last quarter. 91.02% of the stock is currently owned by hedge funds and other institutional investors.

About QuinStreet

(Get Rating)

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 to its clients in the form of qualified clicks, leads, calls, applications, or customers through its websites or third-party publishers.

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