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.
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.
COPYRIGHT VIOLATION WARNING: “QuinStreet (QNST) Sets New 12-Month High at $17.75” was originally reported by WKRB News and is the property of of WKRB News. If you are reading this piece of content on another website, it was copied illegally and republished in violation of U.S. & international copyright and trademark law. The original version of this piece of content can be viewed at https://www.wkrb13.com/2018/11/10/quinstreet-qnst-sets-new-12-month-high-at-17-75.html.
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.
Further Reading: Hedge Funds Explained
Receive News & Ratings for QuinStreet Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for QuinStreet and related companies with MarketBeat.com's FREE daily email newsletter.