QuinStreet (NASDAQ:QNST) Hits New 12-Month Low – What’s Next?

QuinStreet, Inc. (NASDAQ:QNST)’s stock price hit a new 52-week low during trading on Monday . The company traded as low as $14.45 and last traded at $15.01, with a volume of 23510 shares traded. The stock had previously closed at $15.55.

Analyst Ratings Changes

Several research firms recently commented on QNST. B. Riley reaffirmed a “buy” rating and issued a $34.00 price objective (up from $32.00) on shares of QuinStreet in a research report on Friday, February 7th. StockNews.com upgraded QuinStreet from a “sell” rating to a “hold” rating in a report on Monday, February 10th. Lake Street Capital increased their price objective on QuinStreet from $25.00 to $27.00 and gave the stock a “hold” rating in a report on Friday, February 7th. Finally, Barrington Research restated an “outperform” rating and issued a $29.00 target price on shares of QuinStreet in a research note on Wednesday, March 26th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, QuinStreet has a consensus rating of “Moderate Buy” and a consensus target price of $29.80.

QuinStreet Price Performance

The company has a market cap of $866.80 million, a price-to-earnings ratio of -69.91 and a beta of 0.91. The firm has a 50-day moving average price of $20.29 and a 200 day moving average price of $20.88.

QuinStreet (NASDAQ:QNST) last posted its earnings results on Thursday, February 6th. The technology company reported ($0.03) earnings per share for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.21). QuinStreet had a negative return on equity of 4.13% and a negative net margin of 1.31%. On average, equities analysts anticipate that QuinStreet, Inc. will post 0.12 EPS for the current fiscal year.

Insider Buying and Selling at QuinStreet

In other QuinStreet news, CFO Gregory Wong sold 8,516 shares of QuinStreet stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $22.88, for a total value of $194,846.08. Following the completion of the transaction, the chief financial officer now directly owns 337,031 shares of the company’s stock, valued at $7,711,269.28. The trade was a 2.46 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Douglas Valenti sold 10,000 shares of the stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $25.02, for a total value of $250,200.00. Following the sale, the chief executive officer now directly owns 1,836,754 shares in the company, valued at approximately $45,955,585.08. This trade represents a 0.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 5.00% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Quantbot Technologies LP bought a new position in QuinStreet in the 3rd quarter valued at about $29,000. Arcadia Investment Management Corp MI acquired a new stake in shares of QuinStreet during the 4th quarter worth approximately $38,000. KBC Group NV increased its stake in QuinStreet by 64.5% in the fourth quarter. KBC Group NV now owns 3,562 shares of the technology company’s stock valued at $82,000 after acquiring an additional 1,396 shares during the last quarter. PNC Financial Services Group Inc. raised its position in QuinStreet by 43.9% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,808 shares of the technology company’s stock valued at $88,000 after purchasing an additional 1,162 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC bought a new stake in QuinStreet during the fourth quarter worth $112,000. Institutional investors and hedge funds own 97.83% of the company’s stock.

About QuinStreet

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.