QuinStreet (NASDAQ:QNST) Stock Price Up 5.7% – Time to Buy?

Shares of QuinStreet, Inc. (NASDAQ:QNST) traded up 5.7% on Tuesday . The stock traded as high as $22.73 and last traded at $22.71. 81,328 shares were traded during trading, a decline of 80% from the average session volume of 413,612 shares. The stock had previously closed at $21.48.

Wall Street Analysts Forecast Growth

QNST has been the subject of a number of recent analyst reports. Barrington Research restated an “outperform” rating and issued a $29.00 target price on shares of QuinStreet in a report on Friday, December 6th. Lake Street Capital boosted their price objective on shares of QuinStreet from $20.00 to $25.00 and gave the company a “hold” rating in a research note on Tuesday, November 5th. Craig Hallum increased their target price on QuinStreet from $25.00 to $32.00 and gave the stock a “buy” rating in a research report on Tuesday, November 5th. B. Riley boosted their price target on QuinStreet from $24.00 to $32.00 and gave the company a “buy” rating in a research report on Tuesday, November 5th. Finally, StockNews.com downgraded QuinStreet from a “hold” rating to a “sell” rating in a report on Tuesday, December 10th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $29.00.

QuinStreet Stock Up 7.8 %

The firm has a market cap of $1.30 billion, a price-to-earnings ratio of -57.90 and a beta of 1.07. The business has a 50 day moving average price of $21.19 and a 200-day moving average price of $19.06.

QuinStreet (NASDAQ:QNST) last issued its quarterly earnings data on Monday, November 4th. The technology company reported $0.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.07. QuinStreet had a negative net margin of 2.88% and a negative return on equity of 8.79%. The company had revenue of $279.22 million during the quarter, compared to the consensus estimate of $222.68 million. During the same quarter last year, the company earned ($0.19) earnings per share. QuinStreet’s revenue for the quarter was up 125.3% on a year-over-year basis. Research analysts anticipate that QuinStreet, Inc. will post 0.15 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other QuinStreet news, Director Matthew Glickman sold 30,000 shares of the firm’s stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $22.63, for a total transaction of $678,900.00. Following the completion of the transaction, the director now directly owns 113,140 shares of the company’s stock, valued at $2,560,358.20. This trade represents a 20.96 % 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, Director Stuart Huizinga sold 7,020 shares of the company’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $23.21, for a total transaction of $162,934.20. Following the completion of the sale, the director now owns 174,903 shares in the company, valued at approximately $4,059,498.63. This trade represents a 3.86 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 40,000 shares of company stock worth $910,374 in the last quarter. 5.00% of the stock is owned by corporate insiders.

Institutional Trading of QuinStreet

Several institutional investors and hedge funds have recently bought and sold shares of QNST. US Bancorp DE increased its holdings in shares of QuinStreet by 880.3% in the 3rd quarter. US Bancorp DE now owns 1,392 shares of the technology company’s stock valued at $27,000 after acquiring an additional 1,250 shares during the last quarter. Quantbot Technologies LP acquired a new position in QuinStreet in the third quarter worth $29,000. Quarry LP increased its stake in QuinStreet by 11,330.0% during the second quarter. Quarry LP now owns 2,286 shares of the technology company’s stock valued at $38,000 after purchasing an additional 2,266 shares during the last quarter. Victory Capital Management Inc. acquired a new stake in shares of QuinStreet during the second quarter worth $175,000. Finally, Hsbc Holdings PLC lifted its position in shares of QuinStreet by 26.1% in the 2nd quarter. Hsbc Holdings PLC now owns 14,000 shares of the technology company’s stock worth $225,000 after buying an additional 2,895 shares during the last quarter. Institutional investors and hedge funds 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.