QuinStreet (NASDAQ:QNST) Trading Down 6.2%

Shares of QuinStreet, Inc. (NASDAQ:QNST) fell 6.2% during trading on Friday . The company traded as low as $17.22 and last traded at $17.41. 98,578 shares were traded during trading, a decline of 75% from the average session volume of 395,906 shares. The stock had previously closed at $18.57.

Analyst Ratings Changes

Several research analysts have weighed in on QNST shares. Barrington Research restated an “outperform” rating and set a $22.00 price objective on shares of QuinStreet in a report on Monday, July 15th. Craig Hallum raised their price target on shares of QuinStreet from $22.00 to $25.00 and gave the company a “buy” rating in a research report on Friday. StockNews.com raised QuinStreet to a “sell” rating in a report on Saturday, April 13th. B. Riley raised their target price on QuinStreet from $21.50 to $24.00 and gave the company a “buy” rating in a report on Friday. Finally, Singular Research upgraded QuinStreet to a “moderate buy” rating in a report on Tuesday, May 14th. One equities research analyst has rated the stock with a sell rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, QuinStreet presently has an average rating of “Moderate Buy” and an average price target of $22.25.

QuinStreet Trading Down 6.0 %

The company’s 50-day simple moving average is $17.13 and its 200 day simple moving average is $16.55. The stock has a market cap of $965.14 million, a P/E ratio of -11.09 and a beta of 1.16.

QuinStreet (NASDAQ:QNST) last issued its quarterly earnings results on Wednesday, May 8th. The technology company reported ($0.13) EPS for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.06). QuinStreet had a negative return on equity of 38.56% and a negative net margin of 15.59%. The business had revenue of $168.59 million for the quarter, compared to the consensus estimate of $166.54 million. Research analysts anticipate that QuinStreet, Inc. will post -0.55 earnings per share for the current fiscal year.

Hedge Funds Weigh In On QuinStreet

Institutional investors have recently added to or reduced their stakes in the stock. Naples Money Management LLC bought a new stake in shares of QuinStreet in the fourth quarter valued at $38,000. SageView Advisory Group LLC purchased a new stake in QuinStreet during the first quarter valued at about $60,000. RiverPark Advisors LLC bought a new position in QuinStreet during the first quarter worth about $127,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in QuinStreet by 57.5% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,722 shares of the technology company’s stock worth $163,000 after purchasing an additional 4,647 shares during the period. Finally, Cornerstone Investment Partners LLC purchased a new position in shares of QuinStreet in the fourth quarter worth about $165,000. Institutional investors own 97.83% of the company’s stock.

QuinStreet Company Profile

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.