QuinStreet (NASDAQ:QNST) Sets New 1-Year High at $17.58

QuinStreet, Inc. (NASDAQ:QNST) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $17.58 and last traded at $17.58, with a volume of 7444 shares changing hands. The stock had previously closed at $17.35.

Analyst Upgrades and Downgrades

QNST has been the subject of several recent analyst reports. StockNews.com raised shares of QuinStreet to a “sell” rating in a research report on Tuesday, March 12th. B. Riley raised shares of QuinStreet from a “neutral” rating to a “buy” rating and lifted their price target for the company from $11.00 to $19.00 in a research report on Thursday, November 30th. Barrington Research reissued an “outperform” rating and issued a $16.00 price target on shares of QuinStreet in a research report on Thursday, February 8th. Finally, Stephens lifted their price target on shares of QuinStreet from $17.00 to $18.00 and gave the company an “overweight” rating in a research report on Friday, March 15th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, QuinStreet currently has a consensus rating of “Hold” and an average price target of $15.75.

QuinStreet Trading Up 1.7 %

The stock has a fifty day simple moving average of $14.67 and a two-hundred day simple moving average of $12.31.

QuinStreet (NASDAQ:QNST) last issued its quarterly earnings data on Wednesday, February 7th. The technology company reported ($0.21) EPS for the quarter, missing the consensus estimate of ($0.16) by ($0.05). QuinStreet had a negative return on equity of 32.98% and a negative net margin of 14.28%. The business had revenue of $122.68 million for the quarter, compared to analysts’ expectations of $116.46 million. As a group, equities research analysts expect that QuinStreet, Inc. will post -0.41 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CFO Gregory Wong sold 8,407 shares of the business’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 value of $126,357.21. Following the completion of the sale, the chief financial officer now owns 295,204 shares in the company, valued at approximately $4,436,916.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 5.30% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On QuinStreet

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Illinois Municipal Retirement Fund raised its holdings in shares of QuinStreet by 2.8% during the fourth quarter. Illinois Municipal Retirement Fund now owns 31,109 shares of the technology company’s stock valued at $399,000 after acquiring an additional 860 shares in the last quarter. SG Americas Securities LLC grew its stake in QuinStreet by 6.4% in the fourth quarter. SG Americas Securities LLC now owns 15,066 shares of the technology company’s stock worth $193,000 after purchasing an additional 906 shares during the period. Legal & General Group Plc grew its stake in QuinStreet by 0.7% in the fourth quarter. Legal & General Group Plc now owns 144,062 shares of the technology company’s stock worth $1,847,000 after purchasing an additional 1,041 shares during the period. The Manufacturers Life Insurance Company grew its stake in QuinStreet by 6.3% in the second quarter. The Manufacturers Life Insurance Company now owns 21,178 shares of the technology company’s stock worth $187,000 after purchasing an additional 1,253 shares during the period. Finally, Rhumbline Advisers grew its stake in QuinStreet by 0.9% in the third quarter. Rhumbline Advisers now owns 154,580 shares of the technology company’s stock worth $1,387,000 after purchasing an additional 1,389 shares during the period. Institutional investors own 97.83% of the company’s stock.

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.