QuinStreet (NASDAQ:QNST) Hits New 12-Month High at $17.56

QuinStreet, Inc. (NASDAQ:QNSTGet Free Report) reached a new 52-week high on Thursday . The company traded as high as $17.56 and last traded at $17.36, with a volume of 83833 shares trading hands. The stock had previously closed at $17.11.

Analysts Set New Price Targets

A number of brokerages recently issued reports on QNST. B. Riley raised QuinStreet from a “neutral” rating to a “buy” rating and increased their price target for the stock from $11.00 to $19.00 in a research report on Thursday, November 30th. Stephens increased their target price on QuinStreet from $17.00 to $18.00 and gave the stock an “overweight” rating in a report on Friday, March 15th. Barrington Research reaffirmed an “outperform” rating and issued a $16.00 price target on shares of QuinStreet in a research note on Thursday, February 8th. Finally, StockNews.com raised shares of QuinStreet to a “sell” rating in a research report on Tuesday, March 12th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, QuinStreet presently has a consensus rating of “Hold” and an average target price of $15.75.

View Our Latest Analysis on QNST

QuinStreet Trading Down 1.3 %

The company has a market cap of $926.56 million, a P/E ratio of -11.88 and a beta of 1.12. The company has a 50 day moving average price of $14.16 and a 200-day moving average price of $12.05.

QuinStreet (NASDAQ:QNSTGet Free Report) last released 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). The business had revenue of $122.68 million during the quarter, compared to analyst estimates of $116.46 million. QuinStreet had a negative net margin of 14.28% and a negative return on equity of 32.98%. Equities analysts expect that QuinStreet, Inc. will post -0.41 earnings per share for the current year.

Insider Activity at QuinStreet

In other QuinStreet news, CFO Gregory Wong sold 8,407 shares of the firm’s 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 sale, the chief financial officer now owns 295,204 shares in the company, valued at $4,436,916.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 5.30% of the stock is currently owned by insiders.

Institutional Trading of QuinStreet

A number of hedge funds have recently made changes to their positions in QNST. Carmel Capital Partners LLC bought a new position in QuinStreet in the 3rd quarter valued at approximately $34,000. Naples Money Management LLC acquired a new position in QuinStreet in the 4th quarter valued at approximately $38,000. Quarry LP bought a new position in shares of QuinStreet during the second quarter valued at $62,000. Assenagon Asset Management S.A. acquired a new position in shares of QuinStreet during the third quarter worth $92,000. Finally, State of Wyoming grew its stake in shares of QuinStreet by 62.2% in the fourth quarter. State of Wyoming now owns 7,193 shares of the technology company’s stock worth $103,000 after purchasing an additional 2,757 shares during the last quarter. 89.78% of the stock is owned by institutional investors and hedge funds.

QuinStreet Company Profile

(Get Free Report)

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.

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