QuinStreet Inc (NASDAQ:QNST) hit a new 52-week high on Wednesday . The company traded as high as $14.44 and last traded at $14.43, with a volume of 501355 shares changing hands. The stock had previously closed at $14.12.
A number of equities research analysts have weighed in on the stock. Barrington Research reissued a “buy” rating and issued a $15.00 price target on shares of QuinStreet in a report on Tuesday. Stephens reissued a “buy” rating and issued a $11.50 price target on shares of QuinStreet in a report on Thursday, February 1st. Finally, Zacks Investment Research raised shares of QuinStreet from a “hold” rating to a “buy” rating and set a $13.00 price objective for the company in a research note on Friday, February 9th.
The firm has a market capitalization of $636.18, a P/E ratio of 91.73, a P/E/G ratio of 3.06 and a beta of 0.89.
QuinStreet (NASDAQ:QNST) last posted its quarterly earnings data on Wednesday, January 31st. The technology company reported $0.07 EPS for the quarter, beating analysts’ consensus estimates of $0.01 by $0.06. QuinStreet had a net margin of 0.78% and a return on equity of 5.77%. The company had revenue of $87.49 million during the quarter, compared to analyst estimates of $75.18 million. During the same period in the prior year, the firm earned ($0.04) earnings per share. The business’s quarterly revenue was up 33.3% on a year-over-year basis. research analysts forecast that QuinStreet Inc will post 0.18 EPS for the current fiscal year.
In other QuinStreet news, Director James R. Simons sold 229,717 shares of the stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $12.53, for a total transaction of $2,878,354.01. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director James R. Simons sold 229,627 shares of the stock in a transaction that occurred on Thursday, January 18th. The shares were sold at an average price of $9.00, for a total value of $2,066,643.00. The disclosure for this sale can be found here. Insiders sold 862,358 shares of company stock valued at $10,388,404 over the last three months. 24.10% of the stock is owned by insiders.
A number of hedge funds have recently made changes to their positions in QNST. Wells Fargo & Company MN grew its holdings in QuinStreet by 48.8% during the second quarter. Wells Fargo & Company MN now owns 27,130 shares of the technology company’s stock valued at $113,000 after purchasing an additional 8,900 shares during the last quarter. LS Investment Advisors LLC grew its holdings in QuinStreet by 1,230.5% during the fourth quarter. LS Investment Advisors LLC now owns 14,556 shares of the technology company’s stock valued at $122,000 after purchasing an additional 13,462 shares during the last quarter. Voya Investment Management LLC grew its holdings in QuinStreet by 21.7% during the second quarter. Voya Investment Management LLC now owns 29,642 shares of the technology company’s stock valued at $124,000 after purchasing an additional 5,278 shares during the last quarter. Martingale Asset Management L P acquired a new position in QuinStreet during the fourth quarter valued at approximately $129,000. Finally, Bessemer Group Inc. acquired a new stake in shares of QuinStreet in the fourth quarter worth $152,000. Institutional investors own 67.21% of the company’s stock.
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QuinStreet, Inc is an online performance marketing company. The Company provides vertically oriented customer acquisition programs for its clients. The Company operating segments include Direct Marketing Services (DMS) business. Its DMS business derives its net revenue from fees earned through the delivery of qualified leads, clicks, calls or customers, and display advertisements, or impressions.
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