QuinStreet (NASDAQ:QNST) Trading Up 5.2%

QuinStreet Inc (NASDAQ:QNST)’s stock price was up 5.2% on Wednesday . The company traded as high as $7.46 and last traded at $7.71, approximately 16,005 shares traded hands during mid-day trading. A decline of 98% from the average daily volume of 701,776 shares. The stock had previously closed at $7.33.

A number of analysts have recently weighed in on QNST shares. Zacks Investment Research raised shares of QuinStreet from a “sell” rating to a “hold” rating in a research note on Wednesday. BidaskClub lowered shares of QuinStreet from a “sell” rating to a “strong sell” rating in a research note on Saturday, February 1st. Barrington Research reaffirmed a “buy” rating and issued a $16.00 price target on shares of QuinStreet in a research note on Thursday, February 6th. Finally, ValuEngine lowered shares of QuinStreet from a “buy” rating to a “hold” rating in a research note on Thursday, February 13th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $18.40.

The firm has a market capitalization of $378.94 million, a price-to-earnings ratio of 56.93, a price-to-earnings-growth ratio of 0.90 and a beta of 0.54. The firm’s 50 day moving average is $11.73 and its 200 day moving average is $13.46. The company has a quick ratio of 1.83, a current ratio of 1.83 and a debt-to-equity ratio of 0.05.

QuinStreet (NASDAQ:QNST) last released its earnings results on Wednesday, February 5th. The technology company reported $0.12 EPS for the quarter, meeting the consensus estimate of $0.12. QuinStreet had a net margin of 1.46% and a return on equity of 3.13%. The business had revenue of $118.10 million during the quarter, compared to analyst estimates of $114.31 million. During the same period in the prior year, the business earned $0.12 earnings per share. The business’s quarterly revenue was up 13.4% on a year-over-year basis. On average, sell-side analysts predict that QuinStreet Inc will post 0.33 earnings per share for the current year.

In related news, CEO Douglas Valenti sold 10,100 shares of the stock in a transaction that occurred on Monday, March 9th. The shares were sold at an average price of $10.22, for a total transaction of $103,222.00. Following the completion of the sale, the chief executive officer now directly owns 287,500 shares of the company’s stock, valued at $2,938,250. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Over the last three months, insiders have sold 272,500 shares of company stock valued at $3,565,204. Company insiders own 11.10% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in the stock. Private Capital Management LLC raised its holdings in shares of QuinStreet by 4.7% during the third quarter. Private Capital Management LLC now owns 3,627,643 shares of the technology company’s stock valued at $45,672,000 after acquiring an additional 162,065 shares during the period. Chicago Capital LLC raised its holdings in shares of QuinStreet by 8.5% during the fourth quarter. Chicago Capital LLC now owns 1,904,765 shares of the technology company’s stock valued at $29,162,000 after acquiring an additional 148,535 shares during the period. William Blair Investment Management LLC raised its holdings in shares of QuinStreet by 51.0% during the fourth quarter. William Blair Investment Management LLC now owns 1,553,215 shares of the technology company’s stock valued at $23,780,000 after acquiring an additional 524,604 shares during the period. State Street Corp raised its holdings in shares of QuinStreet by 1.0% during the fourth quarter. State Street Corp now owns 1,304,048 shares of the technology company’s stock valued at $19,965,000 after acquiring an additional 12,833 shares during the period. Finally, Thrivent Financial for Lutherans raised its holdings in shares of QuinStreet by 3,374.6% during the fourth quarter. Thrivent Financial for Lutherans now owns 1,266,369 shares of the technology company’s stock valued at $19,388,000 after acquiring an additional 1,229,923 shares during the period. 91.42% of the stock is owned by institutional investors and hedge funds.

QuinStreet Company Profile (NASDAQ:QNST)

QuinStreet, Inc, an Internet performance marketing company, provides customer acquisition services for its clients in the United States and internationally. It offers online marketing services to its clients in the form of qualified leads, inquiries, clicks, calls, applications, customers, display advertisements, or impressions through its Websites or third-party publishers.

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