QuinStreet Inc (NASDAQ:QNST)’s share price shot up 8.5% on Wednesday . The stock traded as high as $15.04 and last traded at $14.86. 1,267,346 shares traded hands during trading, an increase of 90% from the average session volume of 667,166 shares. The stock had previously closed at $13.70.

Several brokerages have recently weighed in on QNST. BidaskClub upgraded QuinStreet from a “buy” rating to a “strong-buy” rating in a report on Tuesday, August 28th. Singular Research began coverage on QuinStreet in a report on Friday, July 6th. They set a “long” rating and a $16.75 price target for the company. TheStreet upgraded QuinStreet from a “c+” rating to a “b-” rating in a report on Monday, July 9th. Zacks Investment Research raised QuinStreet from a “hold” rating to a “buy” rating and set a $16.00 price objective on the stock in a research report on Thursday, August 16th. Finally, William Blair began coverage on QuinStreet in a research report on Thursday, October 4th. They set an “outperform” rating on the stock. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $17.29.

The stock has a market cap of $729.30 million, a P/E ratio of 45.59, a price-to-earnings-growth ratio of 1.12 and a beta of 0.98.

QuinStreet (NASDAQ:QNST) last released its quarterly earnings data on Tuesday, August 7th. The technology company reported $0.13 EPS for the quarter, beating the consensus estimate of $0.07 by $0.06. QuinStreet had a return on equity of 12.72% and a net margin of 3.94%. The company had revenue of $111.50 million for the quarter, compared to analysts’ expectations of $100.62 million. During the same period last year, the firm posted $0.06 earnings per share. QuinStreet’s revenue was up 36.8% compared to the same quarter last year. Sell-side analysts forecast that QuinStreet Inc will post 0.53 EPS for the current fiscal year.

In other QuinStreet news, Director James R. Simons sold 605,267 shares of the firm’s stock in a transaction dated Monday, August 27th. The stock was sold at an average price of $15.84, for a total value of $9,587,429.28. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Gregory Wong sold 9,091 shares of the firm’s stock in a transaction dated Friday, August 17th. The stock was sold at an average price of $13.44, for a total value of $122,183.04. Following the completion of the transaction, the chief financial officer now directly owns 237,501 shares in the company, valued at $3,192,013.44. The disclosure for this sale can be found here. Insiders have sold 1,326,990 shares of company stock worth $20,008,902 over the last ninety days. 12.50% of the stock is currently owned by insiders.

Large investors have recently made changes to their positions in the business. Royal Bank of Canada boosted its position in QuinStreet by 717.4% in the first quarter. Royal Bank of Canada now owns 17,714 shares of the technology company’s stock worth $226,000 after purchasing an additional 15,547 shares during the last quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp purchased a new position in QuinStreet in the second quarter worth about $424,000. KBC Group NV boosted its position in QuinStreet by 86.0% in the second quarter. KBC Group NV now owns 94,445 shares of the technology company’s stock worth $1,199,000 after purchasing an additional 43,681 shares during the last quarter. Rutabaga Capital Management LLC MA boosted its position in QuinStreet by 3.8% in the second quarter. Rutabaga Capital Management LLC MA now owns 297,640 shares of the technology company’s stock worth $3,780,000 after purchasing an additional 10,900 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its position in QuinStreet by 1.6% in the second quarter. Bank of New York Mellon Corp now owns 492,783 shares of the technology company’s stock worth $6,258,000 after purchasing an additional 7,711 shares during the last quarter. 77.62% of the stock is currently owned by institutional investors and hedge funds.

About QuinStreet (NASDAQ:QNST)

QuinStreet, Inc, an Internet performance marketing and media 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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