QuinStreet (NASDAQ:QNST) Stock Price Down 5.4% – Time to Sell?

QuinStreet, Inc. (NASDAQ:QNST)’s share price traded down 5.4% on Tuesday . The company traded as low as $16.45 and last traded at $16.1950. Approximately 105,225 shares traded hands during mid-day trading, a decline of 87% from the average session volume of 797,635 shares. The stock had previously closed at $17.12.

Analyst Ratings Changes

QNST has been the subject of a number of research analyst reports. Zacks Research cut QuinStreet from a “hold” rating to a “strong sell” rating in a report on Wednesday, July 1st. Wall Street Zen cut QuinStreet from a “buy” rating to a “hold” rating in a research report on Saturday, July 4th. Weiss Ratings raised QuinStreet from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday, July 9th. Finally, B. Riley Financial upgraded QuinStreet to a “strong-buy” rating in a report on Thursday, April 2nd. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, QuinStreet has a consensus rating of “Moderate Buy” and a consensus price target of $20.50.

QuinStreet Price Performance

The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.18 and a current ratio of 1.18. The stock’s 50 day simple moving average is $13.63 and its two-hundred day simple moving average is $13.04. The firm has a market capitalization of $927.14 million, a PE ratio of 14.17 and a beta of 0.67.

QuinStreet (NASDAQ:QNST) last issued its earnings results on Thursday, May 7th. The technology company reported $0.31 earnings per share for the quarter, topping the consensus estimate of $0.17 by $0.14. QuinStreet had a return on equity of 9.97% and a net margin of 5.53%.The business had revenue of $346.14 million for the quarter, compared to analysts’ expectations of $336.22 million. During the same period in the previous year, the firm posted $0.21 EPS. The business’s revenue for the quarter was up 28.3% compared to the same quarter last year. On average, sell-side analysts forecast that QuinStreet, Inc. will post 0.53 EPS for the current year.

Insider Transactions at QuinStreet

In other QuinStreet news, CFO Gregory Wong sold 10,338 shares of the firm’s stock in a transaction on Wednesday, July 1st. The stock was sold at an average price of $15.00, for a total value of $155,070.00. Following the completion of the sale, the chief financial officer directly owned 390,344 shares of the company’s stock, valued at $5,855,160. This trade represents a 2.58% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 5.00% of the stock is currently owned by insiders.

Institutional Investors Weigh In On QuinStreet

A number of hedge funds have recently modified their holdings of QNST. PNC Financial Services Group Inc. raised its stake in QuinStreet by 54.4% during the first quarter. PNC Financial Services Group Inc. now owns 3,027 shares of the technology company’s stock worth $36,000 after purchasing an additional 1,066 shares during the period. GAMMA Investing LLC grew its stake in shares of QuinStreet by 17.0% in the 2nd quarter. GAMMA Investing LLC now owns 4,457 shares of the technology company’s stock valued at $65,000 after buying an additional 649 shares during the period. Farther Finance Advisors LLC grew its stake in shares of QuinStreet by 10.2% in the 4th quarter. Farther Finance Advisors LLC now owns 7,896 shares of the technology company’s stock valued at $113,000 after buying an additional 730 shares during the period. FJ Capital Management LLC acquired a new stake in shares of QuinStreet during the 3rd quarter worth approximately $135,000. Finally, Tripletail Wealth Management LLC increased its holdings in shares of QuinStreet by 35.2% during the 4th quarter. Tripletail Wealth Management LLC now owns 9,290 shares of the technology company’s stock worth $133,000 after buying an additional 2,420 shares during the last quarter. Hedge funds and other institutional investors own 97.83% of the company’s stock.

About QuinStreet

QuinStreet, Inc operates a technology-based performance marketing platform that connects companies with prospective customers across multiple verticals. The company specializes in data-driven lead generation for financial services, education, insurance, healthcare, and home services firms. By leveraging proprietary targeting algorithms and real-time analytics, QuinStreet manages customized digital marketing campaigns to optimize customer acquisition and retention for its clients.

Through a portfolio of consumer-facing websites and comparison platforms, QuinStreet delivers targeted visitors who are actively researching products and services.