QuinStreet (NASDAQ:QNST) Stock Price Down 7.8% – Time to Sell?

QuinStreet, Inc. (NASDAQ:QNST)’s share price fell 7.8% during trading on Monday. The company traded as low as $19.52 and last traded at $19.04. Approximately 134,490 shares changed hands during trading, a decline of 84% from the average daily volume of 866,342 shares. The stock had previously closed at $20.66.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Wall Street Zen raised shares of QuinStreet from a “buy” rating to a “strong-buy” rating in a research note on Sunday. Lake Street Capital raised shares of QuinStreet from a “hold” rating to a “buy” rating and set a $21.00 price target for the company in a report on Friday, August 7th. Zacks Research lowered QuinStreet from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 6th. B. Riley Financial reissued a “buy” rating on shares of QuinStreet in a research note on Friday, August 7th. Finally, Northland Securities set a $23.00 price objective on QuinStreet in a research report on Thursday, September 17th. Four research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $23.50.

QuinStreet Stock Down 6.6%

The business’s 50 day moving average is $16.89 and its 200 day moving average is $14.60. The company has a market cap of $1.10 billion, a P/E ratio of 11.88 and a beta of 0.84. The company has a quick ratio of 1.22, a current ratio of 1.32 and a debt-to-equity ratio of 0.20.

QuinStreet (NASDAQ:QNST) last issued its quarterly earnings data on Wednesday, November 4th. The technology company reported $0.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.39 by $0.11. The firm had revenue of $416.65 million for the quarter, compared to the consensus estimate of $373.88 million. QuinStreet had a net margin of 6.58% and a return on equity of 15.69%. As a group, equities analysts anticipate that QuinStreet, Inc. will post 1.06 earnings per share for the current fiscal year.

Insider Activity at QuinStreet

In related news, CFO Gregory Wong sold 11,704 shares of the stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $20.44, for a total value of $239,229.76. Following the completion of the transaction, the chief financial officer directly owned 481,786 shares in the company, valued at approximately $9,847,705.84. This represents a 2.37% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Asmau Ahmed sold 10,000 shares of the firm’s stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $20.30, for a total value of $203,000.00. Following the sale, the director directly owned 24,979 shares of the company’s stock, valued at $507,073.70. The trade was a 28.59% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 51,704 shares of company stock worth $1,063,230. Insiders own 3.50% of the company’s stock.

Institutional Trading of QuinStreet

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Maryland State Retirement & Pension System bought a new position in QuinStreet during the 3rd quarter worth $176,000. Illinois Municipal Retirement Fund boosted its holdings in shares of QuinStreet by 6.4% during the third quarter. Illinois Municipal Retirement Fund now owns 32,240 shares of the technology company’s stock valued at $484,000 after acquiring an additional 1,952 shares during the period. Ethic Inc. acquired a new position in shares of QuinStreet during the third quarter valued at $217,000. Chicago Partners Investment Group LLC bought a new position in shares of QuinStreet during the third quarter worth about $169,000. Finally, Hollow Brook Wealth Management LLC bought a new position in shares of QuinStreet during the third quarter worth about $307,000. Hedge funds and other institutional investors own 97.83% of the company’s stock.

QuinStreet Company Profile

QuinStreet, Inc is a performance marketing and online marketplace company that connects consumers with brands and service providers. The company uses digital media, data, and technology to help businesses acquire customers and generate leads through channels such as search, social media, display advertising, and other online marketing platforms.

QuinStreet operates vertical marketplaces in areas including insurance, financial services, home services, and business services. Its platforms help consumers research products and services, compare available options, and connect with providers, while giving advertisers tools to reach consumers who are actively seeking information or purchasing opportunities.

Founded in 1999, QuinStreet is headquartered in Foster City, California, and primarily serves the U.S.