Zacks Investment Research upgraded shares of QuinStreet (NASDAQ:QNST) from a sell rating to a hold rating in a research note released on Friday.
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. “
A number of other equities analysts also recently weighed in on QNST. BidaskClub raised shares of QuinStreet from a buy rating to a strong-buy rating in a research note on Tuesday, December 4th. ValuEngine downgraded shares of QuinStreet from a buy rating to a hold rating in a research note on Thursday, November 8th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock has a consensus rating of Buy and a consensus price target of $17.79.
NASDAQ:QNST traded down $0.17 during trading hours on Friday, reaching $12.79. 611,968 shares of the company were exchanged, compared to its average volume of 1,065,404. The company has a market cap of $637.03 million, a P/E ratio of 39.97, a P/E/G ratio of 1.16 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 posted its quarterly earnings results on Thursday, February 7th. The technology company reported $0.12 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.11 by $0.01. The company had revenue of $104.10 million for the quarter, compared to the consensus estimate of $103.43 million. QuinStreet had a net margin of 15.83% and a return on equity of 13.16%. QuinStreet’s revenue was up 19.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.07 earnings per share. As a group, research analysts anticipate that QuinStreet will post 0.48 earnings per share for the current year.
In other news, Director Gregory P. Sands sold 61,697 shares of the firm’s stock in a transaction on Wednesday, December 12th. The shares were sold at an average price of $15.95, for a total value of $984,067.15. Following the transaction, the director now owns 356,252 shares of the company’s stock, valued at approximately $5,682,219.40. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Douglas Valenti sold 32,500 shares of the firm’s stock in a transaction 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 completion of the transaction, the chief executive officer now directly owns 268,751 shares in the company, valued at approximately $4,340,328.65. The disclosure for this sale can be found here. Company insiders own 12.50% of the company’s stock.
Several hedge funds have recently modified their holdings of the company. Victory Capital Management Inc. raised its stake in shares of QuinStreet by 4.1% in the 4th quarter. Victory Capital Management Inc. now owns 15,475 shares of the technology company’s stock valued at $251,000 after acquiring an additional 604 shares during the period. State of Alaska Department of Revenue raised its stake in shares of QuinStreet by 6.9% in the 4th quarter. State of Alaska Department of Revenue now owns 12,850 shares of the technology company’s stock valued at $208,000 after acquiring an additional 830 shares during the period. Two Sigma Investments LP raised its stake in shares of QuinStreet by 3.2% in the 4th quarter. Two Sigma Investments LP now owns 44,203 shares of the technology company’s stock valued at $717,000 after acquiring an additional 1,369 shares during the period. United Services Automobile Association raised its stake in shares of QuinStreet by 8.7% in the 4th quarter. United Services Automobile Association now owns 17,487 shares of the technology company’s stock valued at $284,000 after acquiring an additional 1,397 shares during the period. Finally, Comerica Bank raised its stake in shares of QuinStreet by 4.6% in the 4th quarter. Comerica Bank now owns 37,433 shares of the technology company’s stock valued at $684,000 after acquiring an additional 1,650 shares during the period. 84.44% of the stock is currently owned by institutional investors and hedge funds.
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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