QuinStreet (NASDAQ:QNST) Cut to Sell at BidaskClub

BidaskClub cut shares of QuinStreet (NASDAQ:QNST) from a hold rating to a sell rating in a report published on Saturday morning, BidAskClub reports.

Several other brokerages also recently commented on QNST. ValuEngine downgraded shares of QuinStreet from a strong-buy rating to a buy rating in a report on Friday, January 3rd. Zacks Investment Research raised shares of QuinStreet from a sell rating to a hold rating in a report on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and six have given a buy rating to the company. The company currently has a consensus rating of Buy and a consensus price target of $18.50.

Shares of NASDAQ:QNST opened at $14.52 on Friday. The firm has a fifty day moving average price of $15.40 and a two-hundred day moving average price of $14.08. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.73 and a quick ratio of 1.73. QuinStreet has a one year low of $10.15 and a one year high of $20.02. The company has a market cap of $740.72 million, a price-to-earnings ratio of 12.31, a PEG ratio of 1.65 and a beta of 0.81.

QuinStreet (NASDAQ:QNST) last announced its quarterly earnings results on Thursday, November 7th. The technology company reported $0.02 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.07 by ($0.05). QuinStreet had a net margin of 12.44% and a return on equity of 4.07%. The firm had revenue of $126.61 million during the quarter, compared to the consensus estimate of $121.65 million. Equities research analysts expect that QuinStreet will post 0.35 EPS for the current fiscal year.

In other news, Director Robin Josephs sold 75,000 shares of QuinStreet stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $15.53, for a total transaction of $1,164,750.00. Following the completion of the sale, the director now directly owns 125,404 shares of the company’s stock, valued at approximately $1,947,524.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Gregory Wong sold 20,000 shares of QuinStreet stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $15.71, for a total transaction of $314,200.00. Following the sale, the chief financial officer now directly owns 244,812 shares of the company’s stock, valued at $3,845,996.52. The disclosure for this sale can be found here. Insiders have sold a total of 240,747 shares of company stock valued at $3,717,785 over the last ninety days. 11.10% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the company. BlackRock Inc. lifted its holdings in shares of QuinStreet by 4.5% during the 2nd quarter. BlackRock Inc. now owns 6,740,054 shares of the technology company’s stock worth $106,829,000 after acquiring an additional 290,290 shares during the last quarter. Emerald Mutual Fund Advisers Trust bought a new stake in shares of QuinStreet during the 3rd quarter worth $1,405,000. Chicago Capital LLC bought a new stake in QuinStreet in the third quarter worth $22,111,000. Mason Street Advisors LLC lifted its stake in QuinStreet by 19.3% in the third quarter. Mason Street Advisors LLC now owns 15,575 shares of the technology company’s stock worth $196,000 after purchasing an additional 2,517 shares during the last quarter. Finally, California Public Employees Retirement System lifted its stake in QuinStreet by 10.1% in the third quarter. California Public Employees Retirement System now owns 213,272 shares of the technology company’s stock worth $2,685,000 after purchasing an additional 19,650 shares during the last quarter. 96.72% of the stock is owned by institutional investors.

QuinStreet Company Profile

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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Analyst Recommendations for QuinStreet (NASDAQ:QNST)

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