QuinStreet (QNST) Sets New 12-Month High at $17.75

Shares of QuinStreet Inc (NASDAQ:QNST) reached a new 52-week high on Thursday . The company traded as high as $17.75 and last traded at $17.43, with a volume of 25627 shares traded. The stock had previously closed at $17.48.

A number of analysts recently weighed in on QNST shares. BidaskClub raised shares of QuinStreet from a “buy” rating to a “strong-buy” rating in a research report on Saturday, July 14th. Stephens reaffirmed a “buy” rating and set a $16.00 target price on shares of QuinStreet in a research report on Tuesday, August 7th. Zacks Investment Research raised shares of QuinStreet from a “hold” rating to a “buy” rating and set a $16.00 target price on the stock in a research report on Thursday, August 16th. Finally, William Blair began coverage on shares of QuinStreet in a research report on Thursday, October 4th. They set an “outperform” rating on the stock. One analyst has rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. QuinStreet presently has a consensus rating of “Buy” and a consensus price target of $17.79.

The stock has a market capitalization of $857.89 million, a P/E ratio of 53.13, a P/E/G ratio of 1.29 and a beta of 0.70.

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

In other news, Director James R. Simons sold 21,780 shares of the firm’s stock in a transaction that occurred on Wednesday, October 31st. The shares were sold at an average price of $15.17, for a total transaction of $330,402.60. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Gregory Wong sold 9,091 shares of the firm’s stock in a transaction that occurred on Friday, August 17th. The stock was sold at an average price of $13.44, for a total transaction of $122,183.04. Following 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. Over the last ninety days, insiders have sold 1,474,039 shares of company stock worth $22,431,812. Corporate insiders own 12.50% of the company’s stock.

Several large investors have recently modified their holdings of the company. Piedmont Investment Advisors LLC bought a new position in shares of QuinStreet during the second quarter valued at approximately $109,000. SG Americas Securities LLC bought a new position in shares of QuinStreet during the second quarter valued at approximately $116,000. Thompson Siegel & Walmsley LLC bought a new position in shares of QuinStreet during the second quarter valued at approximately $123,000. Advisors Preferred LLC bought a new position in shares of QuinStreet during the second quarter valued at approximately $126,000. Finally, United Services Automobile Association bought a new position in shares of QuinStreet during the second quarter valued at approximately $142,000. 79.17% of the stock is currently owned by institutional investors and hedge funds.

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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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