Zacks Investment Research lowered shares of QuinStreet (NASDAQ:QNST) from a hold rating to a sell rating in a report published on Thursday morning.
According to Zacks, “QuinStreet Inc, is a provider of online direct marketing and media services. The Company offers online messaging, email broadcasting, search engine marketing, and brand management services. It caters to education, financial services, healthcare, advertising, and tourism sectors. QuinStreet, Inc. also operates web portal which offers comprehensive consumer information service and companion insurance brokerage service to self-directed insurance shoppers. The Company vigilantly manages brand and regulatory compliance using proprietary technologies and staff. It does not support or use spyware, spam, or promotions that cheat customers. QuinStreet Inc. is headquartered in Foster City, California. “
Several other equities analysts have also commented on QNST. BidaskClub raised shares of QuinStreet from a buy rating to a strong-buy rating in a report on Saturday, November 3rd. Craig Hallum reissued a buy rating on shares of QuinStreet in a report on Wednesday, October 31st. Finally, ValuEngine lowered shares of QuinStreet from a buy rating to a hold rating in a report on Thursday, November 8th. One analyst has rated the stock with a sell rating and seven have issued a buy rating to the company’s stock. The stock has a consensus rating of Buy and an average target price of $17.79.
Shares of QNST stock traded down $3.76 during trading hours on Thursday, hitting $14.77. 349,041 shares of the company were exchanged, compared to its average volume of 717,228. The company has a market capitalization of $928.13 million, a price-to-earnings ratio of 46.16, a P/E/G ratio of 1.39 and a beta of 0.73. QuinStreet has a 52 week low of $9.76 and a 52 week high of $20.02.
QuinStreet (NASDAQ:QNST) last released its earnings results on Thursday, February 7th. The technology company reported $0.12 EPS for the quarter, beating the consensus estimate of $0.11 by $0.01. QuinStreet had a net margin of 4.60% and a return on equity of 14.14%. The firm had revenue of $104.10 million for the quarter, compared to analyst estimates of $103.43 million. During the same period last year, the firm earned $0.07 EPS. The business’s quarterly revenue was up 19.0% compared to the same quarter last year. As a group, sell-side analysts predict that QuinStreet will post 0.54 earnings per share for the current fiscal year.
In related news, CEO Douglas Valenti sold 32,500 shares of QuinStreet stock in a transaction that occurred on Wednesday, December 12th. The shares were sold at an average price of $16.15, for a total transaction of $524,875.00. Following the sale, the chief executive officer now directly owns 268,751 shares of the company’s stock, valued at approximately $4,340,328.65. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Gregory P. Sands sold 61,697 shares of QuinStreet stock in a transaction that occurred on Wednesday, December 12th. The shares were sold at an average price of $15.95, for a total transaction of $984,067.15. Following the sale, the director now directly owns 356,252 shares in the company, valued at $5,682,219.40. The disclosure for this sale can be found here. Insiders have sold a total of 112,496 shares of company stock worth $1,790,786 over the last ninety days. 12.50% of the stock is currently owned by insiders.
Several institutional investors have recently made changes to their positions in QNST. Huntington National Bank acquired a new stake in QuinStreet during the 4th quarter worth approximately $34,000. Private Capital Group LLC acquired a new stake in QuinStreet during the 4th quarter worth approximately $46,000. United Services Automobile Association acquired a new stake in QuinStreet during the 2nd quarter worth approximately $142,000. PNC Financial Services Group Inc. boosted its position in QuinStreet by 166.0% during the 4th quarter. PNC Financial Services Group Inc. now owns 9,438 shares of the technology company’s stock worth $154,000 after buying an additional 5,890 shares during the period. Finally, Paloma Partners Management Co acquired a new stake in QuinStreet during the 3rd quarter worth approximately $161,000. 83.37% of the stock is currently owned by institutional investors.
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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