QuinStreet (NASDAQ:QNST) Sets New 52-Week High at $19.07

QuinStreet, Inc. (NASDAQ:QNST) hit a new 52-week high on Thursday . The company traded as high as $19.07 and last traded at $18.63, with a volume of 94579 shares changing hands. The stock had previously closed at $17.89.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Barrington Research boosted their price target on QuinStreet from $16.00 to $20.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 23rd. Stephens boosted their target price on QuinStreet from $17.00 to $18.00 and gave the stock an “overweight” rating in a report on Friday, March 15th. B. Riley began coverage on QuinStreet in a report on Friday, April 19th. They set a “buy” rating and a $21.50 price target for the company. Finally, StockNews.com upgraded shares of QuinStreet to a “sell” rating in a research note on Saturday, April 13th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, QuinStreet presently has a consensus rating of “Hold” and an average price target of $17.38.

QuinStreet Price Performance

The firm has a 50-day moving average of $16.61 and a 200-day moving average of $13.83.

QuinStreet (NASDAQ:QNST) last posted its quarterly earnings results on Wednesday, February 7th. The technology company reported ($0.21) earnings per share for the quarter, missing the consensus estimate of ($0.16) by ($0.05). QuinStreet had a negative return on equity of 32.98% and a negative net margin of 14.28%. The business had revenue of $122.68 million during the quarter, compared to analysts’ expectations of $116.46 million. On average, equities analysts anticipate that QuinStreet, Inc. will post -0.43 earnings per share for the current fiscal year.

Insider Transactions at QuinStreet

In other QuinStreet news, CFO Gregory Wong sold 8,407 shares of the business’s stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $15.03, for a total transaction of $126,357.21. Following the completion of the sale, the chief financial officer now directly owns 295,204 shares in the company, valued at approximately $4,436,916.12. The sale was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 5.30% of the company’s stock.

Hedge Funds Weigh In On QuinStreet

Several institutional investors have recently made changes to their positions in QNST. SG Americas Securities LLC purchased a new position in QuinStreet during the third quarter valued at $127,000. Carmel Capital Partners LLC bought a new stake in shares of QuinStreet during the 3rd quarter valued at $34,000. Syon Capital LLC purchased a new position in shares of QuinStreet during the 3rd quarter valued at $105,000. Assenagon Asset Management S.A. bought a new position in QuinStreet in the 3rd quarter worth $92,000. Finally, Illinois Municipal Retirement Fund bought a new stake in QuinStreet during the third quarter valued at about $271,000. Institutional investors 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.