QuinStreet (NASDAQ:QNST) Shares Gap Up to $15.31

QuinStreet Inc (NASDAQ:QNST) shares gapped up before the market opened on Monday . The stock had previously closed at $15.72, but opened at $15.31. QuinStreet shares last traded at $15.55, with a volume of 25,957 shares traded.

QNST has been the topic of a number of recent research reports. Northland Securities restated a “buy” rating and set a $18.00 price objective on shares of QuinStreet in a research note on Monday, August 12th. ValuEngine upgraded QuinStreet from a “hold” rating to a “buy” rating in a research note on Tuesday, November 5th. BidaskClub upgraded QuinStreet from a “buy” rating to a “strong-buy” rating in a research note on Thursday, October 10th. Stephens set a $19.00 price objective on QuinStreet and gave the stock a “buy” rating in a research note on Friday, August 9th. Finally, Zacks Investment Research cut QuinStreet from a “hold” rating to a “strong sell” rating in a research note on Wednesday, July 17th. One analyst has rated the stock with a sell rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $18.50.

The company has a 50 day moving average of $12.77 and a 200 day moving average of $14.09. The firm has a market cap of $659.21 million, a price-to-earnings ratio of 13.09, a PEG ratio of 1.17 and a beta of 0.73.

QuinStreet (NASDAQ:QNST) last released its quarterly earnings results on Thursday, August 8th. The technology company reported $0.15 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.17 by ($0.02). QuinStreet had a return on equity of 6.53% and a net margin of 13.73%. The business had revenue of $121.96 million during the quarter, compared to analyst estimates of $128.92 million. During the same quarter last year, the firm posted $0.13 EPS. The company’s revenue was up 9.4% compared to the same quarter last year. Research analysts forecast that QuinStreet Inc will post 0.44 earnings per share for the current year.

In related news, CEO Douglas Valenti sold 32,500 shares of the business’s stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of $12.59, for a total value of $409,175.00. Following the transaction, the chief executive officer now owns 362,501 shares in the company, valued at $4,563,887.59. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 11.10% of the company’s stock.

Several large investors have recently added to or reduced their stakes in QNST. Cortina Asset Management LLC acquired a new position in shares of QuinStreet in the second quarter worth about $3,859,000. WINTON GROUP Ltd raised its stake in QuinStreet by 97.1% during the second quarter. WINTON GROUP Ltd now owns 47,777 shares of the technology company’s stock valued at $757,000 after buying an additional 23,537 shares in the last quarter. Mesirow Financial Investment Management Inc. raised its stake in QuinStreet by 26.7% during the second quarter. Mesirow Financial Investment Management Inc. now owns 43,901 shares of the technology company’s stock valued at $675,000 after buying an additional 9,260 shares in the last quarter. Falcon Point Capital LLC raised its stake in QuinStreet by 64.1% during the second quarter. Falcon Point Capital LLC now owns 62,061 shares of the technology company’s stock valued at $984,000 after buying an additional 24,252 shares in the last quarter. Finally, Artemis Investment Management LLP raised its stake in QuinStreet by 36.7% during the second quarter. Artemis Investment Management LLP now owns 737,665 shares of the technology company’s stock valued at $11,366,000 after buying an additional 198,004 shares in the last quarter. Institutional investors and hedge funds own 99.22% of the company’s stock.

About QuinStreet (NASDAQ:QNST)

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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