QuinStreet (NASDAQ:QNST) was downgraded by stock analysts at BidaskClub from a “strong-buy” rating to a “buy” rating in a research note issued on Tuesday.

QNST has been the subject of several other research reports. Zacks Investment Research raised shares of QuinStreet from a “hold” rating to a “buy” rating and set a $19.00 price target for the company in a research note on Wednesday, November 7th. William Blair assumed coverage on shares of QuinStreet in a research note on Thursday, October 4th. They set an “outperform” rating for the company. ValuEngine downgraded shares of QuinStreet from a “buy” rating to a “hold” rating in a research note on Thursday, November 8th. Craig Hallum reaffirmed a “buy” rating on shares of QuinStreet in a research note on Wednesday, October 31st. Finally, Stephens reaffirmed a “buy” rating and set a $16.00 price target on shares of QuinStreet in a research note on Tuesday, August 7th. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $17.79.

Shares of NASDAQ QNST opened at $14.47 on Tuesday. The stock has a market capitalization of $739.35 million, a price-to-earnings ratio of 45.22, a PEG ratio of 1.10 and a beta of 0.70. QuinStreet has a 1 year low of $8.24 and a 1 year high of $17.75.

QuinStreet (NASDAQ:QNST) last announced its quarterly earnings data on Tuesday, October 30th. The technology company reported $0.14 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.13 by $0.01. QuinStreet had a net margin of 4.60% and a return on equity of 14.14%. The business had revenue of $112.90 million during the quarter, compared to the consensus estimate of $103.59 million. During the same quarter last year, the firm earned $0.08 earnings per share. The firm’s quarterly revenue was up 29.2% compared to the same quarter last year. On average, equities analysts forecast that QuinStreet will post 0.54 EPS for the current year.

In other news, Director James R. Simons sold 4,597 shares of QuinStreet stock in a transaction that occurred on Thursday, August 23rd. The shares were sold at an average price of $15.46, for a total transaction of $71,069.62. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Douglas Valenti sold 38,320 shares of QuinStreet stock in a transaction that occurred on Wednesday, September 12th. The shares were sold at an average price of $14.34, for a total transaction of $549,508.80. Following the sale, the chief executive officer now directly owns 287,919 shares of the company’s stock, valued at approximately $4,128,758.46. The disclosure for this sale can be found here. Insiders have sold 1,143,801 shares of company stock valued at $17,915,566 in the last ninety days. Insiders own 12.50% of the company’s stock.

A number of hedge funds have recently modified their holdings of the stock. Strs Ohio increased its holdings in QuinStreet by 8.5% during the second quarter. Strs Ohio now owns 45,900 shares of the technology company’s stock valued at $582,000 after buying an additional 3,600 shares during the period. Systematic Financial Management LP increased its holdings in QuinStreet by 3.9% during the second quarter. Systematic Financial Management LP now owns 105,490 shares of the technology company’s stock valued at $1,340,000 after buying an additional 3,965 shares during the period. United Services Automobile Association increased its holdings in QuinStreet by 43.8% during the third quarter. United Services Automobile Association now owns 16,090 shares of the technology company’s stock valued at $218,000 after buying an additional 4,898 shares during the period. Legal & General Group Plc increased its holdings in QuinStreet by 7.4% during the second quarter. Legal & General Group Plc now owns 72,828 shares of the technology company’s stock valued at $934,000 after buying an additional 5,022 shares during the period. Finally, Great West Life Assurance Co. Can increased its holdings in QuinStreet by 12.7% during the second quarter. Great West Life Assurance Co. Can now owns 48,700 shares of the technology company’s stock valued at $619,000 after buying an additional 5,479 shares during the period. 79.80% of the stock is currently owned by institutional investors.

About QuinStreet

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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