QuinStreet (NASDAQ:QNST) Upgraded to “Buy” by ValuEngine

ValuEngine upgraded shares of QuinStreet (NASDAQ:QNST) from a hold rating to a buy rating in a research report report published on Tuesday morning, ValuEngine reports.

Several other research firms also recently commented on QNST. Northland Securities reaffirmed a buy rating and issued a $18.00 price target on shares of QuinStreet in a research note on Monday, August 12th. Barrington Research lowered their price objective on shares of QuinStreet from $20.00 to $16.00 and set an outperform rating for the company in a research report on Thursday, August 15th. BidaskClub upgraded shares of QuinStreet from a buy rating to a strong-buy rating in a research note on Thursday, October 10th. Finally, Stephens set a $19.00 target price on shares of QuinStreet and gave the stock a buy rating in a research report on Friday, August 9th. One investment analyst has rated the stock with a sell rating, six have given a buy rating and one has issued a strong buy rating to the stock. QuinStreet presently has a consensus rating of Buy and a consensus price target of $18.50.

Shares of QNST opened at $15.91 on Tuesday. The firm has a fifty day moving average price of $14.25 and a 200-day moving average price of $14.21. The company has a current ratio of 1.73, a quick ratio of 1.73 and a debt-to-equity ratio of 0.05. The firm has a market capitalization of $806.29 million, a P/E ratio of 13.48, a P/E/G ratio of 1.72 and a beta of 0.77. QuinStreet has a 12-month low of $10.15 and a 12-month high of $20.02.

In other QuinStreet news, Director Robin Josephs sold 75,000 shares of the firm’s stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $15.53, for a total transaction of $1,164,750.00. Following the transaction, the director now owns 125,404 shares of the company’s stock, valued at approximately $1,947,524.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Douglas Valenti sold 32,500 shares of the business’s stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $12.59, for a total transaction of $409,175.00. Following the completion of the sale, the chief executive officer now owns 362,501 shares of the company’s stock, valued at approximately $4,563,887.59. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 142,034 shares of company stock valued at $2,101,259. 11.10% of the stock is currently owned by corporate insiders.

Institutional investors and hedge funds have recently made changes to their positions in the company. Artemis Investment Management LLP boosted its position 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 purchasing an additional 198,004 shares in the last quarter. Arizona State Retirement System lifted its position in shares of QuinStreet by 1.3% during the second quarter. Arizona State Retirement System now owns 60,681 shares of the technology company’s stock valued at $962,000 after buying an additional 750 shares during the last quarter. SG Americas Securities LLC purchased a new stake in shares of QuinStreet during the second quarter valued at about $843,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of QuinStreet by 83.3% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,108 shares of the technology company’s stock valued at $81,000 after buying an additional 2,322 shares in the last quarter. Finally, First Trust Advisors LP bought a new stake in shares of QuinStreet in the 2nd quarter valued at about $2,341,000. 97.20% of the stock is owned by hedge funds and other institutional investors.

About QuinStreet

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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Analyst Recommendations for QuinStreet (NASDAQ:QNST)

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