QuinStreet (NASDAQ:QNST) Upgraded by StockNews.com to “Sell”

StockNews.com upgraded shares of QuinStreet (NASDAQ:QNST) to a sell rating in a research report sent to investors on Saturday morning.

A number of other brokerages also recently issued reports on QNST. Stephens increased their price objective on QuinStreet from $17.00 to $18.00 and gave the stock an overweight rating in a research report on Friday, March 15th. Barrington Research reiterated an outperform rating and issued a $16.00 price objective on shares of QuinStreet in a research report on Thursday, February 8th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of Hold and an average price target of $15.75.

QuinStreet Price Performance

NASDAQ:QNST opened at $16.93 on Friday. The company has a market cap of $929.29 million, a P/E ratio of -11.76 and a beta of 1.14. The stock’s fifty day moving average price is $16.00 and its two-hundred day moving average price is $13.15. QuinStreet has a 1 year low of $6.79 and a 1 year high of $17.76.

QuinStreet (NASDAQ:QNST) last posted its earnings results on Wednesday, February 7th. The technology company reported ($0.21) earnings per share (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 company had revenue of $122.68 million for the quarter, compared to analysts’ expectations of $116.46 million. On average, analysts expect that QuinStreet will post -0.41 earnings per share for the current fiscal year.

Insider Activity

In other news, CFO Gregory Wong sold 8,407 shares of the firm’s stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $15.03, for a total transaction of $126,357.21. Following the transaction, the chief financial officer now directly owns 295,204 shares of the company’s stock, valued at $4,436,916.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 5.30% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Thrivent Financial for Lutherans grew its stake in shares of QuinStreet by 21.9% during the first quarter. Thrivent Financial for Lutherans now owns 4,680,263 shares of the technology company’s stock valued at $74,276,000 after buying an additional 840,745 shares during the last quarter. Private Capital Management LLC grew its stake in shares of QuinStreet by 1.4% during the fourth quarter. Private Capital Management LLC now owns 4,503,159 shares of the technology company’s stock valued at $57,730,000 after buying an additional 62,095 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of QuinStreet by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 3,663,813 shares of the technology company’s stock worth $46,970,000 after purchasing an additional 25,098 shares during the last quarter. William Blair Investment Management LLC grew its stake in shares of QuinStreet by 2.9% in the third quarter. William Blair Investment Management LLC now owns 2,182,365 shares of the technology company’s stock worth $19,576,000 after purchasing an additional 61,717 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in shares of QuinStreet by 4.3% in the first quarter. Dimensional Fund Advisors LP now owns 2,115,592 shares of the technology company’s stock worth $33,574,000 after purchasing an additional 87,371 shares during the last quarter. 97.83% of the stock is owned by institutional investors.

QuinStreet Company Profile

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.