QuinStreet (NASDAQ:QNST) Trading Down 7.7%

Shares of QuinStreet, Inc. (NASDAQ:QNST) traded down 7.7% during trading on Thursday . The company traded as low as $16.78 and last traded at $17.31. 140,501 shares were traded during mid-day trading, a decline of 64% from the average session volume of 392,261 shares. The stock had previously closed at $18.76.

Analyst Upgrades and Downgrades

QNST has been the subject of a number of research reports. Stephens upped their price target on shares of QuinStreet from $17.00 to $18.00 and gave the stock an “overweight” rating in a research report on Friday, March 15th. Barrington Research boosted their target price on shares of QuinStreet from $20.00 to $22.00 and gave the stock an “outperform” rating in a research report on Thursday. StockNews.com raised shares of QuinStreet to a “sell” rating in a research report on Saturday, April 13th. Craig Hallum lifted their target price on QuinStreet from $14.00 to $20.00 and gave the stock a “hold” rating in a research report on Thursday. Finally, B. Riley began coverage on QuinStreet in a report on Friday, April 19th. They issued a “buy” rating and a $21.50 price target for the company. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $20.38.

QuinStreet Stock Performance

The business’s 50 day moving average price is $16.86 and its 200-day moving average price is $14.03. The firm has a market cap of $1.00 billion, a price-to-earnings ratio of -12.74 and a beta of 1.11.

QuinStreet (NASDAQ:QNST) last announced its quarterly earnings data on Wednesday, February 7th. The technology company reported ($0.21) earnings per share 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 firm had revenue of $122.68 million during the quarter, compared to the consensus estimate of $116.46 million. On average, analysts forecast that QuinStreet, Inc. will post -0.43 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 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 directly owns 295,204 shares in the company, valued at approximately $4,436,916.12. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 5.30% of the company’s stock.

Institutional Trading of QuinStreet

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Carmel Capital Partners LLC acquired a new stake in QuinStreet in the third quarter worth $34,000. Naples Money Management LLC bought a new position in QuinStreet in the 4th quarter worth about $38,000. SageView Advisory Group LLC acquired a new stake in shares of QuinStreet in the first quarter valued at approximately $60,000. Assenagon Asset Management S.A. acquired a new position in shares of QuinStreet during the third quarter worth approximately $92,000. Finally, Syon Capital LLC bought a new position in QuinStreet in the 3rd quarter worth approximately $105,000. 97.83% of the stock is currently owned by institutional investors and hedge funds.

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.