QuinStreet (NASDAQ:QNST) Stock Price Up 3.1%

QuinStreet, Inc. (NASDAQ:QNST)’s stock price traded up 3.1% on Friday . The company traded as high as $16.70 and last traded at $16.70. 35,948 shares were traded during mid-day trading, a decline of 91% from the average session volume of 378,402 shares. The stock had previously closed at $16.20.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. B. Riley assumed coverage on shares of QuinStreet in a research note on Friday. They issued a “buy” rating and a $21.50 price objective for the company. StockNews.com raised shares of QuinStreet to a “sell” rating in a research note on Saturday, April 13th. Stephens increased 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. Finally, Barrington Research reissued an “outperform” rating and set a $16.00 price target on shares of QuinStreet in a research report on Thursday, February 8th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $16.38.

QuinStreet Stock Up 2.7 %

The firm has a market capitalization of $913.37 million, a PE ratio of -11.60 and a beta of 1.14. The company’s 50-day simple moving average is $16.10 and its 200 day simple moving average is $13.19.

QuinStreet (NASDAQ:QNST) last posted its quarterly earnings data 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 net margin of 14.28% and a negative return on equity of 32.98%. The company had revenue of $122.68 million for the quarter, compared to analyst estimates of $116.46 million. On average, sell-side analysts forecast that QuinStreet, Inc. will post -0.41 earnings per share for the current fiscal year.

Insider Activity

In related news, CFO Gregory Wong sold 8,407 shares of the stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $15.03, for a total value of $126,357.21. Following the transaction, the chief financial officer now owns 295,204 shares in the company, valued at approximately $4,436,916.12. The sale was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 5.30% of the company’s stock.

Hedge Funds Weigh In On QuinStreet

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Thrivent Financial for Lutherans increased its holdings in QuinStreet by 21.9% in the 1st quarter. Thrivent Financial for Lutherans now owns 4,680,263 shares of the technology company’s stock worth $74,276,000 after buying an additional 840,745 shares during the period. Private Capital Management LLC grew its stake in shares of QuinStreet by 1.4% during the 4th quarter. Private Capital Management LLC now owns 4,503,159 shares of the technology company’s stock worth $57,730,000 after purchasing an additional 62,095 shares during the period. Vanguard Group Inc. grew its stake in shares of QuinStreet by 0.7% during the 4th 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 period. William Blair Investment Management LLC grew its stake in shares of QuinStreet by 2.9% during the 3rd 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 period. Finally, Dimensional Fund Advisors LP grew its stake in shares of QuinStreet by 4.3% during the 1st 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 period. Institutional investors and hedge funds own 97.83% of the company’s stock.

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.